iPC and IIH launch joint venture to build UAE green hydrogen platform in USD 1 billion first phase

Abu Dhabi: Innovation Platform Capital (iPC) of Luxembourg and Intelligent Investment Holding (IIH), registered at the Abu Dhabi Global Market (ADGM), have announced the formation of a strategic joint venture to develop a green hydrogen production platform in the United Arab Emirates, targeting both domestic supply and international export markets, Gulf Today reported.

The initiative will be developed across multiple phases, with the first representing a USD 1 billion integrated programme spanning the full green hydrogen value chain, from renewable power generation and hydrogen production through to storage, conversion, and downstream industrial utilisation. The platform is modelled on iPC’s USD 10 billion Canadian platform and will deploy green hydrogen-to-ammonia solutions using the UAE’s structural advantages, including its solar resources, port infrastructure, industrial free zones, desalination expertise, and data-centre and smart-city energy requirements.

A dedicated investment fund to support the first phase is expected to be announced shortly, with the funds earmarked for early-stage development, strategic partnerships, engineering deployment, and project execution.

The platform will pursue several product pathways, including green hydrogen supply for refineries and industrial clusters, green ammonia for export markets and marine fuel applications, hydrogen-based cooling and clean power for data centres, and future development of e-fuels and synthetic sustainable fuels.

Juraj Barus, Managing Partner at Innovation Platform Capital, said the joint venture marked a shift from planning to active execution. “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,” he said.

Dr Amani Obeid of Intelligent Investment Holding said the project was fully in line with the UAE’s Net Zero 2050 Strategy. “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,” she said.

The UAE facility is intended to serve as the first operational proof point for a platform that the two partners plan to scale across international energy markets, with the country’s abundant renewable energy resources and established logistics infrastructure cited as key enablers of the project’s commercial viability.