Both countries have decided to join forces in the search for innovative solutions to produce hydrogen in the most effective and competitive way, and to develop its use in industry, mobility, power generation, buildings and other relevant applications.
To facilitate this cooperation, a ‘French-Saudi Task-Force’ will be established with the goal of achieving mutually beneficial outcomes in the field of hydrogen and other related domains.
They agreed on a roadmap of cooperation focusing on three pillars:
- Technology development,
- Business cooperation,
- Policies and regulation.
Both nations have agreed to strengthen cooperation in the field of electricity, sharing experiences in generating electricity from renewable energy sources, interconnecting grids, and encouraging private sector participation in power projects, including generation, transmission, distribution, storage, and network automation technologies.
They have also committed to joint efforts in improving energy efficiency and expanding cooperation in peaceful and safe nuclear energy, radioactive waste management, nuclear applications, and human resource development.
Advancing climate technologies and solutions, particularly in hard-to-abate sectors like cement, aviation, marine, and petrochemicals, including carbon capture utilisation and storage, is another area of collaboration between the two countries.
Saudi Arabia aims to become a leading global exporter of hydrogen and low-emission electricity, leveraging its competitive advantage in producing these resources. Meanwhile, France’s strategy for decarbonised hydrogen aims to significantly contribute to decarbonising industry and transportation. The strategy includes the France 2030 public investment programme, which seeks to accelerate investment and innovative solutions in sectors where France excels, promoting industry decarbonisation and the development of renewable energy. The target is to achieve a renewable installed power capacity of over 100 GW by 2050, with more than 40 GW generated from offshore wind farms.
