In an exclusive interview with pv magazine, ACWA Power CEO Marco Arcelli said the Saudi energy giant is currently exploring opportunities to build a hydrogen corridor between Europe and the Middle East and North Africa. He spoke about the company’s current 2 GW hydrogen project in NEOM and presented the company’s plans for renewable energy and desalination.

According to Arcelli's forecasts, Europe will use a combination of locally produced and imported hydrogen in the future. He underlined that the NEOM project has a 2,000 MW electrolysis capacity, adding that hydrogen production should start at the end of 2026. The NEOM project is 65-70% complete, said Arcelli.

ACWA Power has ongoing agreements in North Africa to explore the potential of exporting its North African hydrogen production capacity. But with NEOM nearing completion, Arcelli said the company is now focusing on linking its Saudi-based hydrogen capacity to European markets.

Read the full story at pv magazine