Read the May 2021 MEED Business Review – MEED
- Date: 03-May-2021
- Source: MEED
- Sector:Economy
- Country:Middle East
Read the May 2021 MEED Business Review – MEED
Refuelling a region – green hydrogen spurs Middle East energy transition; Infrastructure investment helps Cairo defy regional slump; Top GCC contractors
With an addressable market worth up to $12tn by 2050 in the utilities industry alone, the race is on to build at-scale facilities producing green hydrogen and its derivatives.
Still in its infancy as a commercially viable fuel, hydrogen produced sustainably by using renewable energy to power the electrolysis of water can provide vast quantities of clean fuel. And for Middle East producers, it allows them to store and transport the other energy source that they have in abundance – sunlight.
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