Renewable Energy UK company strikes Mideast deal for hydrogen generators By Andrew Hammond September 5, 2023, 2:24 PM Shutterstock Vehicles powered by hydrogen fuel cells are more efficient than those with conventional internal combustion engines and do not produce harmful tailpipe emissions Alternative to diesel-powered generators Tamgo will promote generators across 16 countries Other clients include Aramco, Neom and Red Sea Global UK hydrogen fuel cell company AFC Energy has signed an agreement with a leading Saudi marketer to sell its hydrogen generators in the Middle East and Central Asia. The deal gives Saudi Arabia’s The Machinery Group (Tamgo) exclusive rights to market AFC Energy’s alternative to diesel-powered generators in 16 countries including Saudi Arabia, United Arab Emirates, Qatar, Oman, Kuwait and Kazakhstan. Tamgo’s clients include Saudi oil major Aramco and many of the giga-projects associated with Saudi Arabia’s Vision 2030 project to diversify away from oil revenues and develop an industrial and tourism base. These include Neom, the Red Sea Global tourist resort and entertainment city Qiddiya. Egypt’s green hydrogen goals get BP boost Oman takes green hydrogen gamble Middle East economies feel the heat from climate change Tamgo is part of the Jeddah-based Zahid Group, which is involved in many of Vision 2030’s projects that aim to make Saudi Arabia a pioneer in renewable energy technologies. Hydrogen has been a focus of attention as competition to find cheaper and more green batteries and generators intensifies. Green hydrogen, produced by renewable energy sources, is still around four times more expensive than grey hydrogen, produced by electrolisers powered by natural gas or other fossil fuels. US car manufacturer General Motors said last year it would expand its hydrogen fuel cell business beyond vehicles, supplying hydrogen-based generators for industry. Japan’s Honda Motor said has developed a fuel cell system with General Motors. The country plans to make hydrogen a major power source by 2030. In the electric vehicle industry, hydrogen fuel cells have so far lost out to cheaper lithium-ion batteries. But these could also face a challenge from new technology that produces pure lithium batteries from oilfield brines, according to a partnership between US firm Pure Lithium and the Saudi-based Energy Capital Group. Tesla CEO Elon Musk has expressed scepticism about hydrogen’s role in a shift to a more sustainable future, saying last year it was “the most dumb thing” he could imagine for energy storage. The hydrogen rainbow Green hydrogen is produced on a carbon-neutral basis through water electrolysis. Turquoise hydrogen is created when natural gas is broken down into hydrogen and solid carbon with the help of methane pyrolysis. Blue hydrogen is generated from the steam reduction of natural gas. Grey hydrogen is obtained by steam reforming fossil fuels such as natural gas or coal. Sometimes other colours are ascribed to hydrogen, based on how it is produced. For red, pink and violet hydrogen, the electrolysers are driven by nuclear power. Yellow hydrogen is hydrogen produced from a mixture of renewable energies and fossil fuels. White hydrogen is a waste product of other chemical processes, while the use of coal as a fuel produces brown hydrogen.
Renewable Energy Masdar views Middle East as biggest growth market UAE’s renewable energy company Masdar considers the Middle East its biggest market, even though its target is to grow globally, a senior executive has said. “The Middle East is the biggest market for us, we are a company from here, and this market is growing significantly,” Abdulaziz Alobaidli, chief executive officer of Masdar, told AGBI […] 1 hour ago
Trade Kenya-UAE Cepa may increase food exports and investment The UAE and Kenya have signed a comprehensive economic partnership agreement (Cepa) that is predicted to lead to a threefold increase in food exports from the East African nation. The trade deal, which was agreed in February last year, is expected to accelerate trade and investment in agriculture, infrastructure, healthcare, travel and tourism, financial services and […] 56 mins ago
Economy Inflation, not war, is Gulf states’ top concern, says WEF Economic concerns such as inflation dominate risk perception for the coming year in the Gulf and across Mena, according to the World Economic Forum. Its survey of thousands of experts and business leaders, the Global Risks Report 2025, found that geopolitical conflict was the No 1 risk globally, selected by respondents as the “most likely […] 12 mins ago
Oil & Gas Adia to help fund $1bn Malaysian oil and gas firm Abu Dhabi Investment Company (Adia) is to invest in an oil and gas equipment-making unit in Malaysia. Adia is participating in the $1 billion funding round for Yinson Holdings’ equipment-maker alongside Asian investment firm RRJ Capital and British Columbia Investment Management. The funding, expected to close in the first quarter of 2025, will primarily support […] 1 min ago