The exchange between the public and private sector industry experts in Canada and the UAE provided an unprecedented opportunity to discuss the recent developments, challenges, and opportunities in hydrogen and decarbonisation in Canada, the UAE, and wider MENA region, and to forge future partnerships.

OKG has long operated a facility at the Oskarshamn site which uses electricity from the power plant to produce hydrogen through the electrolysis of water.

Private sector firms in Saudi Arabia will be encouraged to import hydrogen-powered vehicles as part of the Kingdom's green iniative

Engie plans to create a green hydrogen hub in the UAE and potentially other regions in a deal worth $5 billion, with the first 200 MW green hydrogen and ammonia project being developed in Abu Dhabi.

ENA called on the UK government to increase its hydrogen production capacity target to 10 GW by 2030, up from the current target of 5 GW by that date, to ensure sufficient supply is available, and encourage domestic production.

Habeck said it was “completely indisputable” Germany will need more gas-fired power plants as a “backup” solution in case supply from renewables isn't sufficient.

China aims to boost its pumped storage capacity to 62 GW by 2025 and 120 GW by the end of the decade.

The share of renewables in the power mix declined from 48% in 2020 to less than 43% in 2021, with 23% of wind, 9% of solar and 11% of biomass, hydropower and other renewables.

Overall, renewables accounted for nearly 47% of the country's power generation in 2021 (compared to 44% in 2020), with 23% of wind, 11% of hydro and 10% of solar.

“Nuclear power is one of the most promising approaches for efficient, massive and CO2-free hydrogen production,” said Mikhail Chudakov, IAEA Deputy Director General and Head of the Department of Nuclear Energy. “High temperature gas cooled reactors are considered to be the most suitable reactor type for nuclear hydrogen production.”