UAE-based Masdar has signed an agreement with Austrian energy utility Verbund to explore green hydrogen production for the Central European Market.
A signed Memorandum of Understanding (MoU) will see the two companies work on developing a pathway to produce and export green hydrogen to Central Europe, specifically Austria and Southern Germany.
The agreement follows on after the UAE renewable energy company in December (2022) announced the establishment of its new green hydrogen business, setting the goal of producing one million tonnes of green hydrogen per year by 2030.
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