iPC and IIH joint venture launch green hydrogen platform in UAE

Innovation Platform Capital (iPC), Luxembourg, and Intelligent Investment Holding (IIH), ADGM Abu Dhabi, have announced the launch of a strategic joint venture to develop a UAE-based green hydrogen production platform, marking a significant milestone in advancing the region’s clean energy transition.

The project will progress through multiple development phases designed to establish a scalable clean fuels ecosystem supporting both domestic demand and international export markets.

Inspired by iPC’s USD 10 billion Canadian platform model, the UAE initiative will deploy proven high-technology green hydrogen-to-ammonia solutions, leveraging the UAE’s competitive advantages including world-class solar resources, advanced port infrastructure, free zones, industrial demand centers, data-center cooling applications, and smart-city power generation capabilities.

The first phase represents a USD 1 billion integrated development programme covering the full green hydrogen value chain, from renewable power generation and hydrogen production to storage, conversion, and downstream industrial utilization. The platform adopts a full-system responsibility model, ensuring clean electricity is transformed into commercially viable and scalable green fuel solutions.

This phase will be supported by a dedicated investment fund, to be announced soon, designed to accelerate early-stage development, strategic partnerships, engineering deployment, and project execution.

The platform will focus on multiple product pathways, including:

Green hydrogen supply for refineries and industrial clusters

Green ammonia production for export markets and marine fuel applications

Hydrogen-based cooling and clean power solutions for data centers

Future e-fuels and synthetic sustainable fuel development

The UAE offers exceptional structural advantages for this initiative, including strong solar irradiation, world-class logistics infrastructure, established desalination expertise, advanced industrial free zones, deep sovereign capital markets, and a clear national commitment to energy transition. These factors position the UAE as an ideal location for the project’s first operational proof point.

“This joint venture represents the transition from vision to execution,” said Juraj Barus, Managing Partner at Innovation Platform Capital. “The UAE hydrogen platform is moving decisively into development, leveraging iPC’s Global Center of Excellence. The first phase establishes a scalable clean fuels foundation serving the UAE market first before expanding regionally and globally.”

Dr Amani Obeid, Board o of Intelligent Investment Holding (IIH), added:

“This project is fully aligned with the UAE’s Net Zero 2050 Strategy and reflects the country’s long-term vision for sustainable economic growth and energy transition. We will be working closely with the relevant UAE government strategic stakeholders to ensure the successful development and integration of this platform within the national energy ecosystem. This initiative reinforces IIH’s commitment to supporting transformative projects that strengthen industrial resilience, enable economic diversification, and position Abu Dhabi as a global hub for next-generation clean fuels.”

The project will enable the UAE to convert abundant clean energy resources into green hydrogen, green ammonia, and future sustainable fuels, supporting industrial decarbonization while creating new export corridors and long term economic value.

The UAE facility will serve as the first operational proof point for a platform designed to scale internationally across strategic energy markets.

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