Siemens Middle East certainly seem bullish.
Manuel Kuehn, Senior VP at Siemens Middle East thinks that green hydrogen could be the new oil for the Middle East in 20 years time.
Siemens is currently working on a solar-powered hydrogen generation facility with the Dubai Electricity and Water Authority. The facility is expected to be completed before the summer.
When it’s ready, the facility will produce hydrogen using solar energy, store the gas, and then use it for a range of purposes e.g. electricity generation, mobility, and industrially.