Collaboration to accelerate the development of NEOM in Saudi Arabia with up to 9 gigawatts of power transmission capacityZurich, Switzerland, May 30, 2023 Hitachi Energy, a global technology. | May 30, 2023
Saudi Arabia's NEOM Green Hydrogen Company (NGHC) has signed financial documents with 23 local, regional and international banks and investment firms on a green hydrogen production facility at a total investment value of $8.4 billion, according to Reuters
This project comes as part of Saudi Arabia’s efforts to shift to clean energy and meet the growing demand for energy globally. Green hydrogen represents one of the most prominent investments for the Kingdom as it leads a new chapter into the future.