Masdar, VERBUND to study green hydrogen production for Central Europe

The generated green hydrogen will be exported to Austria and Southern Germany.

Abu Dhabi-based Masdar and Austria’s energy utility firm VERBUND signed a memorandum of understanding to jointly develop pathways to produce and export green hydrogen to Central Europe, particularly Austria and South Germany.

The MOU was signed by Mohammad Abdelqader El Ramahi, Executive Director, Green Hydrogen at Masdar and VERBUND CEO Michael Strugl at the Abu Dhabi Sustainability Week 2023.

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Masdar said in a statement that the signing came following the launch of its new green hydrogen business last year which aims to produce one million tonnes of green hydrogen annually by 2030.

VERBUND, meanwhile, produces close to 100% of its electricity from renewable energy primarily hydropower, complemented by wind and solar. It is also engaged in energy transmission and international trading.