UAE’s Green Champion Shifts Hydrogen Billions to Data Boom (1)

Abu Dhabi’s main renewables company has diverted billions of dollars to AI projects instead of green hydrogen, due to a lack of buyers for the fuel once seen as key to the energy transition.

Global demand for clean hydrogen products has fallen short of expectations while power needs from data centers have been surging, prompting Masdar to adjust course, Chief Executive Officer Mohamed Jameel Al Ramahi said in an interview.

Mohamed Jameel Al Ramahi

Photographer: Aaron M. Sprecher/Bloomberg

“In my original plan, I was supposed to generate 6 gigawatts of renewables to produce around 350,000 tons of green ammonia,” said Al Ramahi, referring to a compound that ...