Leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide ACWA Power has finalised a partnership agreement with Austria’s leading electricity company VERBUND to jointly explore the potential development of green hydrogen projects in the Middle East region to produce hydrogen to be used by Verbund as a renewable energy source to Central Europe with a primary focus on Austria.Although the collaboration between ACWA Power and VERBUND has only just begun, the two parties are well-positioned to drive project progression quickly, partly due to ACWA Power’s ongoing green hydrogen activities and involvement.VERBUND is Austria’s leading energy company and one of the largest producers of hydroelectricity in Europe. With our portfolio of renewable energy production, transportation of electricity and gas as well as energy trading and services we cover the whole energy value chain. Green hydrogen is a logical next stepThe NEOM Green Hydrogen Company, an equal joint-venture between ACWA Power, Air Products and NEOM, is developing the world’s first at scale green hydrogen project. Scheduled for completion in 2026, the project will produce up to 600 tonnes per day of carbon free green hydrogen in the form of green ammonia to be utilised as a cost-effective solution for transportation globally.
Leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide ACWA Power has finalised a partnership agreement with Austria’s leading electricity company VERBUND to jointly explore the potential development of green hydrogen projects in the Middle East region to produce hydrogen to be used by Verbund as a renewable energy source to Central Europe with a primary focus on Austria.Although the collaboration between ACWA Power and VERBUND has only just begun, the two parties are well-positioned to drive project progression quickly, partly due to ACWA Power’s ongoing green hydrogen activities and involvement.VERBUND is Austria’s leading energy company and one of the largest producers of hydroelectricity in Europe. With our portfolio of renewable energy production, transportation of electricity and gas as well as energy trading and services we cover the whole energy value chain. Green hydrogen is a logical next stepThe NEOM Green Hydrogen Company, an equal joint-venture between ACWA Power, Air Products and NEOM, is developing the world’s first at scale green hydrogen project. Scheduled for completion in 2026, the project will produce up to 600 tonnes per day of carbon free green hydrogen in the form of green ammonia to be utilised as a cost-effective solution for transportation globally.
