UAE’s Green Champion Shifts Hydrogen Billions to Data Boom

Abu Dhabi’s main renewables company has diverted billions of dollars to AI projects instead of green hydrogen, due to a lack of buyers for the fuel once seen as key to the energy transition.

Global demand for clean hydrogen products has fallen short of expectations while power needs from data centers have been surging, prompting Masdar to adjust course, Chief Executive Officer Mohamed Jameel Al Ramahi said in an interview.