Energy

πŸ‡ΈπŸ‡¦ Oil Nation invests in renewable energy and hydrogen

Saudi Arabia plans to build a new city, Neom, which will be based on, among other things, renewable energy, technology and modern architecture.

πŸ‡ΈπŸ‡¦ Oil Nation invests in renewable energy and hydrogen

More countries are increasing their investments in renewable energy and hydrogen. One of these is Saudi Arabia, a country characterized by revenues from fossil energy, which is now implementing a $ 5 billion investment in renewable energy and green hydrogen production .

At the border with Egypt and Jordan, the city of Neom, which has been described as a future futuristic megacity, will be built. A plant of four gigawatts is now being planned here in order to produce hydrogen from wind and solar energy. The plans for Neom have been to be a center for renewable energy and hydrogen and, among other things, it is planned for the production of 650 tonnes of green hydrogen per day. This is enough to run 20,000 buses on hydrogen.

The construction is carried out in cooperation between the Saudi state, a domestic company and an American gas company. Production is planned to start in 2025.

JOIN OUR PREMIUM MEMBERSHIP TODAY

By becoming a premium member, you'll have full access to all content and be supporting the Warp News non-profit foundation and our efforts to spread fact-based optimism all over the world.

You've successfully subscribed to Warp News
Great! Next, complete checkout for full access to Warp News
Welcome back! You've successfully signed in.
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info is updated.
Billing info update failed.