Saudi Arabia Aims For Global Hydrogen Leadership

Saudi Arabia, the Middle East’s leading energy producer, continues to pour significant resources into development of low- and zero-carbon hydrogen, apparently determined to capture a major share of the emerging global industry. According to news reports this week, the Kingdom’s Public Investment Fund (PIF) has created Energy Solutions Company to finance ‘green hydrogen’ power production with up to $10 billion in investment capital. A formal announcement is expected soon. The news follows on a statement by PIF governor and…