Page 410 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/28/24, 9:57 AM Three new companies specialised in clean energy technology join UAE’s NextGenFDI Initiative | Emirates News Agency
establish and scale our presence in the UAE, where we aim to contribute to the nation’s energy transition

towards a more sustainable, green hydrogen-based future,” she said.
HyGreen Energy has installed more than 500 sets of its systems across 24 countries and regions globally,

and is the only company possessing three distinct water electrolysis technology pathways: ALK, PEM and

AEM in China.
Yani Kong, Shareholder & SVP of Enpower Greentech, said, “We are delighted to join the UAE’s NextGenFDI

initiative and introduce our transformative technology to the UAE and the wider region. The pursuit for clean,
renewable, and storable energy is a collective challenge, but one that drives innovation across countries and

stakeholders. We are excited to continue this journey in partnership with the UAE, a nation committed to

climate-tech and low-carbon solutions.”
Launched by the UAE Ministry of Economy, NextGenFDI is aimed at attracting global high-tech companies to

the UAE to foster innovation, support the growth of SMEs, and drive the development of sustainable

industries. With a focus on sectors such as ICT, healthcare, and advanced manufacturing, the initiative is
playing a pivotal role in the UAE’s economic diversification strategy.

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