A German engineering company has won a deal for the world's largest green hydrogen project at Saudi Arabia's future city, Neom, Trade Arabia reports.
According to the report, German company, Thyssenkrupp Uhde Chlorine Engineers, has signed an agreement with Saudi Arabia to supply and install a 2GW-plus electrolysis plant for one of the world's largest green hydrogen projects.
"As a world market leader in electrolysis, we bring in two decisive factors to realise such gigawatt projects: With our large-scale standard module size and gigawatt cell manufacturing capacity per year, together with our joint venture partner, De Nora, we are able to deliver large capacity projects today," said Denis Krude, Chief Executive of Thyssenkrupp Uhde Chlorine Engineers.
"With this gigawatt project, we are committed to invest into ramping up our manufacturing capacities further."
Saudi Arabia is to build $500bn Neom development by the Red Sea.
The country plans to build a mega city by the Red Sea, powered by up to 40GW of renewable energy and an eco-tourism paradise.