The UAE company aims to establish itself as a leading and reliable producer and supplier of low-carbon hydrogen by 2031.
“This agreement has the potential to enable a significant reduction of CO2-emissions in road freight transport in Europe, supports the UAE’s ambition to become a leader in the low-carbon hydrogen market by 2031 and aligns with our ’smart-early-mover’ approach to deliver projects with strategic partners across the world,” says Mohamed Jameel Al Ramahi, Masdar CEO.
Established in 2006, Masdar has developed projects in more than 40 countries with a total electricity generation capacity of more than 20GW (Gigawatt). It has invested, or committed to invest, in worldwide projects with a combined value of more than US$30 billion with ambitious growth plans to reach 100GW by 2030.
Martin Daum, Chairman of the Board of Management and CEO of Daimler Truck added:
“We at Daimler Truck aim to lead sustainable transportation. In order to decarbonize commercial vehicles, it is absolutely crucial to make green energy globally available. Our initiative with Masdar marks an initial step for us to enable the supply of liquid green hydrogen in Europe.”
Daimler Truck is planning to make its entire range of trucks and buses CO2-neutral in driving operation across its global core markets (Europe, U.S., Japan) by 2039.
To decarbonize transportation, Daimler Truck is pursuing a dual-track strategy with hydrogen- and battery-powered vehicles.
In a demonstration of the feasibility of using liquid hydrogen in road transportation, the company’s prototype Mercedes-Benz GenH2 Truck recently completed a trip of 1,047 kilometers across Germany with one fill of liquid hydrogen under real-life conditions.