Right now, green hydrogen doesn’t get larger than NEOM’s 2.2GW project in Oxagon – the industrial city located in the south of Saudi Arabia’s Project 2030 crown jewel development.
As with everything NEOM, the hydrogen development is bold, ambitious and inspiring. And for a hydrogen industry now licking its wounds after a year of challenges, many will look to the development as a guiding light and for proof
that large-scale green hydrogen can become a reality.
Even the joint venture behind the project oozes ambition, with NEOM wholly owned by Saudi’s sovereign wealth fund, by the utility ACWA Power, and of course by Air Products. The trio together form the NEOM Green Hydrogen Company (NGHC), which in 2023 reached an $8.4bn financial close on the project.
Last November, NGHC officials said the plant’s construction had reached 60% completion and was on track for full-scale start-up at the end of 2026. So far, around l.lGW of thyssenkrupp nucera’s alkaline electrolysers have been delivered to Oxagon.
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