Abu Dhabi-based Innovation Platform Capital (iPC), in partnership with Intelligent Investment Holdings, is set to launch a new green hydrogen platform in the UAE with an initial investment of $1 billion. The first phase of the project will focus on building a complete value chain for clean fuel, covering renewable power generation, hydrogen production, and its conversion into green ammonia and other fuel solutions, EnterpriseAM reported.
The platform is being designed to serve multiple sectors. It aims to supply green hydrogen to refineries and industrial clusters, provide cooling solutions for energy-intensive data centres, and produce green ammonia for exports as well as use in the shipping sector.
The initiative comes as Gulf countries continue to invest heavily in hydrogen and ammonia projects, supported by access to low-cost solar energy and strong export infrastructure. These projects are also targeting demand from regions such as Europe and Asia.
However, the sector faces several challenges. Demand for green hydrogen remains uncertain, with limited long-term purchase agreements and high production costs slowing adoption. Industries such as shipping, steel and heavy manufacturing are still in the early stages of shifting towards cleaner fuels, creating uncertainty about how quickly demand will grow.
Despite these concerns, the UAE is moving to position itself early in what is expected to become a large global market over time. According to iPC Managing Partner Juraj Barus, the first phase of the project will establish a base for clean fuel production to meet domestic demand initially, before expanding to regional and international markets.
As part of the next steps, the partners plan to launch a dedicated investment fund to support early-stage development, engineering work and strategic partnerships as the project moves into the construction phase.
