KSA is also heavily investing in Hydrogen and Solar Capacity. The PIF is one of the largest Hydrogen investors globally [0] helping fund massive projects domes

KSA is also heavily investing in Hydrogen and Solar Capacity. The PIF is one of the largest Hydrogen investors globally [0] helping fund massive projects domestically and in Japan, South Korea, India, and Malaysia. They have also become a massive investor in solar capacity domestically [1] and in India [2] to diversify away from resource extraction. The next decade of green technology will be R&D'ed in Japan, USA, and South Korea, funded by US, Saudi, and UAE investors, and deployed in Australia, India, and ASEAN, as most PLIs in these regions are aiming at making the cost of Solar and Hydrogen competitive with coal in industrial usecases like steel and casting - US$1.50/kg. Really looking forward to Idemitsu Kosan's (Japan's primary energy conglomerate and minority owned by the KSA) work on productionizing both Hydrogen Fuel Cells [3] and Solid-State Batteries [4] in the next 5 years. [0] - https://www.swfinstitute.org/news/95987/billions-saudi-public-investment-fund-bets-on-green-hydrogen https://www.swfinstitute.org/news/95987/billions-saudi-publi... [1] - https://www.pv-tech.org/acwa-power-and-saudi-public-investment-fund-to-develop-4-5gw-pv-portfolio/ https://www.pv-tech.org/acwa-power-and-saudi-public-investme... [2] - https://climate.enterprise.press/stories/2023/09/11/saudi-and-indian-renewables-companies-sign-spate-of-agreements-in-new-delhi-102599/ https://climate.enterprise.press/stories/2023/09/11/saudi-an... [3] - https://www.hydrogeninsight.com/production/japanese-energy-companies-launch-the-countrys-largest-green-hydrogen-project/2-1-1602552 https://www.hydrogeninsight.com/production/japanese-energy-c... [4] - https://global.toyota/en/newsroom/corporate/39865919.html https://global.toyota/en/newsroom/corporate/39865919.html