Nuclear provides the opportunity for a faster transition to a low-carbon energy future and supports the shift to a hydrogen economy

REPowerEU is about rapidly reducing our dependence on Russian fossil fuels by fast forwarding the clean transition and joining forces to achieve a more resilient energy system and a true Energy Union.

Both the companies will work together in areas of blue and green hydrogen and various clean energy initiatives, according to a statement.

To speed up greening of the emerging hydrogen economy, the IAEA last month launched an initiative to develop a roadmap for the commercial deployment of hydrogen production using nuclear energy.

A hydrogen production facility will be connected to the HTTR owned by JAEA to develop hydrogen production technology utilising the reactor’s high temperature heat.

Masdar and Hassan Allam Utilities have signed preliminary agreements with several parastatals in Egypt to set up a strategic platform that targets an electrolyser capacity of 4 GW in Egypt by 2030

By the end of 2021, global renewable generation capacity amounted to 3 064 Gigawatt (GW), increasing the stock of renewable power by 9.1 per cent.

Agreements were announced during the visit of Dr. Robert Habeck, German Federal Minister for Economic Affairs and Climate Action, to the UAE. They build upon the longstanding Emirati-German Energy Partnership as well as the Ministerial Emirati-German Hydrogen Task Force that was inaugurated in November 2021.

Tim Holt highlighted the Middle East's role in providing fuels like green hydrogen to countries like Germany, where it would be an important step in its energy diversification, as it would benefit from taking hydrogen from countries in the world that have the right conditions at lower cost to produce it.

Renewable facilities added 23,639 megawatts (MW) of new generating capacity last year with solar and wind providing 12,804-MW and 10,754-MW respectively.