PIF: Saudi Arabia Bets $10B on Green Hydrogen

Saudi Arabia is reportedly preparing to unleash $10 billion in investments to gain exposure to one of the more debatable aspects of the energy transition: green hydrogen. The news comes amid a slew of green hydrogen project cancelations and revisions. Bloomberg reported recently that Saudi Arabia's Public Investment Fund will be pouring at least $10 billion into green hydrogen, with a view to expanding the amount depending on demand, according to unnamed sources. Speaking of demand, another Middle Eastern green hydrogen hopeful, Emirati Masdar,...