Emirates Hydrogen Valley: a clean hydrogen project in the UAE, integrating production for mobility, industry, and energy, enhancing energy security. It includes desert agriculture, utilizing treated wastewater and biochar, boosting food security and circular economy principles for regional and global impact.
Project details
FUNDING
Project timeline
2014
Start of project development
Project finalization
2035
KEY SUCCESS FACTORS
PROJECT DEVELOPMENT PHASE
- Business model/business case development
N.A.
- Technological readiness/technological performance (e.g. availability, efficiency, duration/lifetime)
N.A.
- Regulatory provisions
N.A.
- Permitting and authorization procedures
N.A.
- Political backing and buy-in
N.A.
- Funding
N.A.
- Experienced staff
N.A.
- Local public acceptance
N.A.
- Project's business case
N.A.
- Stakeholder cooperation
N.A.
- Risk sharing mechanisms between project partners
N.A.
- Project's governance model
N.A.
- Other
International Market Access
COMMERCIAL AND FINANCING PHASE
- Applying for public subsidy/grant schemes
Grants from UAE DoE and IsDB enhance credibility; royal support expedites approvals.
- Securing private investors
Strong investor interest due to robust IRR and first-mover status is vital for equity funding.
- Securing public financial support (subsidy/grant)
UAE H2 Strategy & royal backing ensure DoE/IsDB funds.
- Building a financial model
Robust model with diverse revenue streams ensures investor confidence and bankability.
- Preparing documentation for a due diligence process
Comprehensive documentation supports bank and investor trust for €500M CAPEX.
- Putting a de-risking framework in place
De-risking via contracts and partnerships mitigates financial and operational uncertainties.
- Securing customer commitments to de-risk the financial model
Firm off-taker and export commitments stabilize revenue projections.
- Other
Regulatory Alignment for Exports
N.A.: Not available. This is possible due to two reasons: a) the Hydrogen Valley chose to not publicly display the data or b) the Hydrogen Valley did not answer the specific question in the associated survey.