Page 413 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/28/24, 9:58 AM Three new companies specialised in clean energy technology join UAE’s NextGenFDI Initiative - GulfToday
robust chemical, petroleum, and energy production capabilities. Joining the NextGen FDI
programme reflects our commitment to fostering sustainable innovation, hand in hand with the
UAE’s progressive energy landscape,” Wang added.

Weiwei Zhang, Secretary of the Board of Directors of HyGreen Energy, confirmed the value of
the NextGenFDI initiative. “We are thrilled to join the UAE’s NextGen FDI initiative and to be
able to bring our green hydrogen expertise to this forward-thinking nation, one whose
commitment to clean energy aligns perfectly with our range of cutting-edge solutions. The
support provided by the programme will enable us to 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.

WAM

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