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NEOM Green Hydrogen Project

Tabuk, Saudi Arabia

2020 - 2027

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Project Description

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The NEOM Green Hydrogen Project is a flagship renewable energy initiative located in Oxagon, Saudi Arabia’s NEOM region.¹ ² Designed to become one of the world’s largest utility-scale, commercially based hydrogen facilities, it will be powered entirely by renewable energy.³ The project was launched in July 2020, when a partnership agreement was signed between the lead stakeholders.⁴

It envisions “to establish one of the world’s largest factories for producing green hydrogen”.⁵ It aims to produce up to 600 tonnes of carbon-free hydrogen daily by 2026, generate more than 4 GW of renewable electricity,⁶ ⁷ and position Saudi Arabia as a global leader in green hydrogen. The initiative aligns with Vision 2030 and NEOM’s broader ambition to accelerate renewable solutions and spearhead the global hydrogen revolution.⁸ ⁹ ¹⁰

To achieve the vision, the project covers an area of over 300 square kilometers¹¹ and incorporates several key components:¹²

A green hydrogen facility producing 600 tonnes per day via electrolysis using thyssenkrupp technology¹³
A wind garden and a large-scale solar farm generating dedicated renewable energy¹⁴
An integrated transmission grid connecting renewable assets and hydrogen systems¹⁵
Electrolysers, hydrogen storage vessels, and supporting infrastructure¹⁶
Green ammonia production facilities with a capacity of 1.2 million tonnes per year¹⁷

In terms of sustainability, the facility will operate entirely on 4 GW of renewable electricity generated from wind and solar resources.¹⁸ It is expected to avoid up to 5 million tonnes of CO₂ emissions annually and create around 300 new jobs.¹⁹ The project also integrates proven large-scale renewable and storage technologies for reliability and scalability assurance.²⁰

The initiative is managed through a joint venture between NEOM, Air Products, and ACWA Power, each holding equal shares.²¹ ²² The financial structure totals USD 8.4 billion, of which USD 6.1 billion was secured as non-recourse financing from 23 local, regional and international banks and financial institutions.²³ Air Products has been appointed as the engineering, procurement, and construction (EPC) contractor and system integrator, with an EPC valued at USD 6.7 billion.²⁴

Implementation follows a phased approach:

Phase 1 (2023-2025): Construction of the hydrogen facility, wind garden, solar farm, and grid, with 80% completion achieved by Q1 2025.²⁵ ²⁶
Phase 2 (mid-2026): Completion of 4 GW of renewable power generation assets.²⁷ ²⁸
Phase 3 (2027): Commissioning of electrolysers and start of green ammonia production.²⁹ ³⁰

Currently, the project is in advanced construction, with significant progress across all sites. Upon completion, the NEOM Green Hydrogen Project will be a landmark in global green energy across Saudi Arabia.³¹

Project Link, Endnotes and References

Project Link

https://nghc.com/

Endnotes

References

NEOM Green Hydrogen Company. (2025). NEOM Green Hydrogen Company: NGHC. Retrieved September 30, 2025, from <https://nghc.com>
Saudipedia. (2025). NEOM Green Hydrogen Project. Retrieved September 30, 2025, from <https://saudipedia.com/en/article/411/economy-and-business/projects/neom-green-hydrogen-project>
ACWA Power. (2025). NEOM Green Hydrogen Project. Retrieved September 30, 2025, from <https://acwapower.com/en/projects/neom-green-hydrogen-project/>
Saudipedia. (2025). NEOM Green Hydrogen Project. Retrieved September 30, 2025, from <https://saudipedia.com/en/article/411/economy-and-business/projects/neom-green-hydrogen-project>
Saudipedia. (2025). NEOM Green Hydrogen Project. Retrieved September 30, 2025, from <https://saudipedia.com/en/article/411/economy-and-business/projects/neom-green-hydrogen-project>
Saudipedia. (2025). NEOM Green Hydrogen Project. Retrieved September 30, 2025, from <https://saudipedia.com/en/article/411/economy-and-business/projects/neom-green-hydrogen-project>
NEOM Green Hydrogen Company. (2025). NEOM Green Hydrogen Company: NGHC. Retrieved September 30, 2025, from <https://nghc.com>
NEOM. (2025). NEOM Green Hydrogen Company completes financial close. Retrieved September 30, 2025, from <https://www.neom.com/en-us/newsroom/neom-green-hydrogen-investment>
NEOM Green Hydrogen Company. (2025). NEOM Green Hydrogen Company: NGHC. Retrieved September 30, 2025, from <https://nghc.com>
Saudipedia. (2025). NEOM Green Hydrogen Project. Retrieved September 30, 2025, from <https://saudipedia.com/en/article/411/economy-and-business/projects/neom-green-hydrogen-project>
NEOM Green Hydrogen Company. (2025). NEOM Green Hydrogen Company: NGHC. Retrieved September 30, 2025, from <https://nghc.com>
ACWA Power. (2025). NEOM Green Hydrogen Project. Retrieved September 30, 2025, from <https://acwapower.com/en/projects/neom-green-hydrogen-project/>
ACWA Power. (2025). NEOM Green Hydrogen Project. Retrieved September 30, 2025, from <https://acwapower.com/en/projects/neom-green-hydrogen-project/>
NEOM Green Hydrogen Company. (2025). NEOM Green Hydrogen Company: NGHC. Retrieved September 30, 2025, from <https://nghc.com>
ACWA Power. (2025). NEOM Green Hydrogen Project. Retrieved September 30, 2025, from <https://acwapower.com/en/projects/neom-green-hydrogen-project/>
NEOM Green Hydrogen Company. (2025). NEOM Green Hydrogen Company: NGHC. Retrieved September 30, 2025, from <https://nghc.com>
ACWA Power. (2025). NEOM Green Hydrogen Project. Retrieved September 30, 2025, from <https://acwapower.com/en/projects/neom-green-hydrogen-project/>
NEOM Green Hydrogen Company. (2025). NEOM Green Hydrogen Company: NGHC. Retrieved September 30, 2025, from <https://nghc.com>
NEOM Green Hydrogen Company. (2025). NEOM Green Hydrogen Company: NGHC. Retrieved September 30, 2025, from <https://nghc.com>
ACWA Power. (2025). NEOM Green Hydrogen Project. Retrieved September 30, 2025, from <https://acwapower.com/en/projects/neom-green-hydrogen-project/>
ACWA Power. (2025). NEOM Green Hydrogen Project. Retrieved September 30, 2025, from <https://acwapower.com/en/projects/neom-green-hydrogen-project/>
NEOM. (2025). NEOM Green Hydrogen Company completes financial close. Retrieved September 30, 2025, from <https://www.neom.com/en-us/newsroom/neom-green-hydrogen-investment>
NEOM. (2025). NEOM Green Hydrogen Company completes financial close. Retrieved September 30, 2025, from <https://www.neom.com/en-us/newsroom/neom-green-hydrogen-investment>
NEOM. (2025). NEOM Green Hydrogen Company completes financial close. Retrieved September 30, 2025, from <https://www.neom.com/en-us/newsroom/neom-green-hydrogen-investment>
NEOM Green Hydrogen Company. (2025). World’s Largest Green Hydrogen Plant Reaches 80% Construction Completion Across All Sites. Retrieved September 30, 2025, from <https://nghc.com/news/worlds-largest-green-hydrogen-plant-reaches-80-construction-completion-across-all-sites/>
Saudi Gulf Projects. (2025). NEOM Green Hydrogen Project Reaches 80% Completion. Retrieved September 30, 2025, from <https://www.saudigulfprojects.com/2025/06/neom-green-hydrogen-project-reaches-80-completion/>
ACWA Power. (2025). NEOM Green Hydrogen Project. Retrieved September 30, 2025, from <https://acwapower.com/en/projects/neom-green-hydrogen-project/>
NEOM Green Hydrogen Company. (2025). World’s Largest Green Hydrogen Plant Reaches 80% Construction Completion Across All Sites. Retrieved September 30, 2025, from <https://nghc.com/news/worlds-largest-green-hydrogen-plant-reaches-80-construction-completion-across-all-sites/>
ACWA Power. (2025). NEOM Green Hydrogen Project. Retrieved September 30, 2025, from <https://acwapower.com/en/projects/neom-green-hydrogen-project/>
NEOM Green Hydrogen Company. (2025). World’s Largest Green Hydrogen Plant Reaches 80% Construction Completion Across All Sites. Retrieved September 30, 2025, from <https://nghc.com/news/worlds-largest-green-hydrogen-plant-reaches-80-construction-completion-across-all-sites/>
Saudipedia. (2025). NEOM Green Hydrogen Project. Retrieved September 30, 2025, from <https://saudipedia.com/en/article/411/economy-and-business/projects/neom-green-hydrogen-project>
NEOM Green Hydrogen Company. (2025). NEOM Green Hydrogen Company: NGHC. Retrieved September 30, 2025, from <https://nghc.com>
NEOM Green Hydrogen Company. (2025). NEOM Green Hydrogen Company: NGHC. Retrieved September 30, 2025, from <https://nghc.com>
NEOM Green Hydrogen Company. (2025). NEOM Green Hydrogen Company: NGHC. Retrieved September 30, 2025, from <https://nghc.com>
ACWA Power. (2025). NEOM Green Hydrogen Project. Retrieved September 30, 2025, from <https://acwapower.com/en/projects/neom-green-hydrogen-project/>
ABL Group. (2022). Longitude to support Saudi green hydrogen project. Retrieved September 30, 2025, from <https://abl-group.com/abl/all-media/news/longitude-to-support-saudi-green-hydrogen-project/>
ESG Today. (2023). Saudi Green Hydrogen Megaproject NEOM Secures $6.1 Billion Green Loan. Retrieved September 30, 2025, from <https://www.esgtoday.com/saudi-green-hydrogen-megaproject-neom-secures-6-1-billion-green-loan/>
KfW IPEX-Bank. (2023). Financing for the world’s largest green hydrogen project. Retrieved September 30, 2025, from <https://www.kfw-ipex-bank.de/Presse/News/Pressemitteilungsdetails_764672-2.html>
ACWA Power. (2025). NEOM Green Hydrogen Project. Retrieved September 30, 2025, from <https://acwapower.com/en/projects/neom-green-hydrogen-project/>
NEOM. (2025). NEOM Green Hydrogen Company completes financial close. Retrieved September 30, 2025, from <https://www.neom.com/en-us/newsroom/neom-green-hydrogen-investment>
Energy Utilities. (2022). Contractor selected for Saudi Arabia’s NEOM hydrogen project. Retrieved September 30, 2025, from <https://energy-utilities.com/contractor-selected-for-saudi-arabia-s-neom-news117738.htm>

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