Page 405 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/28/24, 3:36 PM UAE’s NextGenFDI Welcomes Three Clean Energy Pioneers from China and the US
Enerflow, a specialist in vanadium flow battery technology, promises to extend the

lifecycle of clean-energy storage batteries, while HyGreen Energy is revolutionizing

hydrogen production through water electrolysis technology. Enpower Greentech is driving

innovation with its solid-state batteries, developed in collaboration with leading automotive

and eVTOL companies globally.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, emphasized the

importance of the companies' involvement in advancing the UAE’s clean-energy goals,

stating,

"Their inclusion in NextGenFDI underscores our

commitment to supporting strategic investments in

clean-energy solutions."

Launched in 2022, the NextGenFDI initiative seeks to attract innovation-led companies by

offering market-entry benefits like fast-track licensing, visa issuance, and access to

financial services. These companies will contribute to the UAE’s growing clean-tech sector

and its reputation as a global hub for sustainability.

Senior representatives of the companies expressed enthusiasm for the programme,

highlighting the UAE’s unmatched infrastructure and commitment to clean energy as key
reasons for their participation.

News Source: Emirates News Agency

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