Saudi’s future city, NEOM, launches renewable energy project
Saudi Arabia has grand plans for the city, but the endeavor’s land use and sustainability plans have faced pushback.
Saudi Arabia’s planned futuristic city, NEOM, unveiled today a new entity that will work on its renewable energy plans.
ENOWA is a subsidiary company of NEOM that will develop sustainable energy and water systems in the city. ENOWA will work toward NEOM’s vision of a city powered by 100% renewable energy and is the primary shareholder for the green hydrogen production plant being built there. ENOWA will also work on developing sustainable water in NEOM via desalination plants, the official Saudi Press Agency reported.
The green hydrogen plant is a joint venture with the Saudi power company ACWA Power and the US chemical company Air Products, according to the outlet.
NEOM CEO Nadhmi Al-Nasr said that ENOWA is seeking new investors.
