Page 420 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/28/24, 9:58 AM Three new companies specialized in clean energy technology join the UAE’s NextGenFDI Initiative - Biz Today
UAE’s progressive energy landscape,” Wang added. Enerflow is backed by the globally
recognized investment fund Hillhouse.

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 program 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.

rafiq@biztoday.news

https://www.biztoday.news/2024/10/15/three-new-companies-specialized-in-clean-energy-technology-join-the-uaes-nextgenfdi-initiative/ 4/4