NEOM GREEN HYDROGEN

ESTABLISH A LOCAL HYDROGEN ECONOMY IN NEOM

Link to website

LEAD DEVELOPER

ENOWA - HYDROGEN AND GREEN FUELS BUSINESS UNIT

PROJECT PARTNERS

NEOM GREEN HYDROGEN COMPANY ( JOINT VENTURE BETWEEN: NEOM, ACWA POWER AND AIR PRODUCTS) FOR NEOM GREEN HYDROGEN PROJECT

AIR PRODUCTS QUDRA FOR FIRST PHASE OF HYDROGEN LAND MOBILITY ACTIVATION

INTERNAL NEOM PROPONENTS (LAND, SEA, AIR MOBILITY, CONSTRUCTION) AND EXTERNAL PARTNERS (E.G. ARAMCO)

MAIN POLITICAL SPONSORS

NEOM HYDROGEN VALLEY IS PART OF AN OVERALL STRATEGY OF THE KINGDOM OF SAUDI ARABIA TO BECOME A LEADING SUPPLIER OF CLEAN ENERGY (INCLUDING GREEN AND BLUE HYDROGEN)

MAIN LOCATION

Saudi Arabia

OTHER LOCATIONS

Project details

H2 PRODUCTION VOLUME

[T/year]:

1,000,000

INVESTMENT VOLUME

[M€]:

40,000.00

FUNDING

VALUE CHAIN COVERAGE

PRIMARY ENERGY SOURCING

Electricity from solar PV
Electricity from onshore wind
Hydropower

H2 PRODUCTION

Water electrolysis with ALK electrolyser

H2 STORAGE

H2 TRANSPORT

Pipeline - Compressed H2
Trucking - Compressed H2
Trucking - Liquid H2
Trucking - Methanol
Ship - Ammonia

H2 DISTRIBUTION FOR MOBILITY

END USES

MOBILITY

Buses
Trucks
Forklifts
Ships

ENERGY

Stationary fuel cells for distributed generations - Back-up or off-grid applications
Hydrogen supply to gas-fired power plants

INDUSTRIAL FEEDSTOCK

Supply to chemical industry (e.g. fertilizer production)
Supply to refineries
Supply to steel industry
Supply to other industries

Project timeline

CURRENT STATUS:

Under construction

2014

2019

Start of project development

2026

Project finalization

2035

KEY SUCCESS FACTORS

PROJECT DEVELOPMENT PHASE

Business model/business case development
Technological readiness/technological performance (e.g. availability, efficiency, duration/lifetime)
Funding
Stakeholder cooperation
Risk sharing mechanisms between project partners
Project's governance model

COMMERCIAL AND FINANCING PHASE

Securing private investors
Building a financial model
Putting a de-risking framework in place
Securing customer commitments to de-risk the financial model

Go back to Hydrogen Valleys Contact

N.A.: Not available. This is possible due to two reasons: a) the Hydrogen Valley chose to not publicly display the data or b) the Hydrogen Valley did not answer the specific question in the associated survey.