Saudi’s Neom launches new subsidary company Enowa

Saudi’s Neom launches new subsidary company Enowa

PHOTO

Saudi Arabia - Mega Saudi project Neom has announced the launch of its subsidiary company Enowa, which will lead the development of its world-class, sustainable energy and water systems.

Work to develop these utilities has begun to provide the critical infrastructure for Neom's key projects: The Line, its revolutionary urban development; Oxagon, its reimagined industrial city; and Trojena, its sustainable mountain tourism destination.

Oxagon is actively seeking tenants for its manufacturing hub, and supply of energy and water is essential.

Neom said its goal is to ensure all residents and industries within the mega city are powered by affordable 100% renewable energy.

This will be the first project in the world that enables this at scale, and Neom will set the stage for other sustainability projects around the world.

Enowa represents Neom as the principal shareholder in the world's largest green hydrogen production plant in an equal joint venture with Air Products and Acwa Power.

Coming onstream in 2025, the green hydrogen plant is expected to be the first of several similar plants to make Neom a hub for green hydrogen production and innovation. The green hydrogen will be exported and used in Neom for a variety of solutions, including fueling clean, autonomous electric vehicles.

Neom's water