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Acwa Power plans to 'replicate' $5bn NEOM green hydrogen project abroad

Acwa Power, which is developing a $5 billion green hydrogen-based ammonia production plant in Saudi Arabia’s smart city NEOM, plans to "replicate" the project elsewhere, a top executive said. “Huge capacities” of the fuel are required to meet an anticipated growth in demand, Andrea Lovato, global head of hydrogen at Acwa Power, told The National at the CEBC Annual Summit in Dubai on Tuesday.

The green hydrogen scheme at NEOM will use 4 gigawatts of renewable power from solar, wind and storage to produce 650 tonnes a day of hydrogen from electrolysis, using technology supplied by German company Thyssenkrupp, the companies said at the time.

The project, expected to come on stream in 2025, will produce about 1.2 million tonnes of green ammonia a year.

Read the full story at The National News

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