By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Democrat NewsThe Democrat NewsThe Democrat News
0

No products in the cart.

Notification Show More
Font ResizerAa
  • Energy
  • Sports
Reading: ACWA Power signs green hydrogen supply agreement with Germany.
Share
Font ResizerAa
The Democrat NewsThe Democrat News
0
  • Energy
  • Sports
Search
  • Home
  • Categories
  • Customize Interests
  • My Bookmarks
  • Blog View
Have an existing account? Sign In
Follow US
The Democrat News > Blog > Uncategorized > ACWA Power signs green hydrogen supply agreement with Germany.
Uncategorized

ACWA Power signs green hydrogen supply agreement with Germany.

Esther Udoh
Last updated: February 4, 2025 10:02 pm
Esther Udoh
Published February 4, 2025
Share
SHARE

ACWA Power has signed an agreement with Securing Energy for Europe (Sefe) to supply 200,000 tonnes of green hydrogen annually by 2030. ACWA Power will lead the development and operation of production assets, while Sefe will co-invest and market the hydrogen in Germany and Europe.

CEO Marco Arcelli stated the deal marks a major step for Saudi Arabia in becoming a top global hydrogen producer and advancing Europe’s green hydrogen economy.

Hydrogen is a clean energy source that only emits water vapor when burned, leaving no pollutants in the air, unlike coal and oil. While hydrogen production requires significant energy, using renewable energy for production eliminates the associated emissions, creating “green” hydrogen.

ACWA Power is expanding its green hydrogen portfolio. Construction is underway for the Neom Green Hydrogen Project, a joint venture with Air Products and Neom, which aims to be the world’s first utility-scale green hydrogen plant, producing 1.2 million tonnes of green ammonia annually.

Additionally, ACWA Power is progressing on its second green hydrogen project in Uzbekistan, with the first phase set to produce 3,000 tonnes of green hydrogen annually.On Monday, ACWA Power shares were down around 2.5%, trading at SAR394.

Green hydrogen is produced through carbon-neutral water electrolysis, while turquoise hydrogen comes from methane pyrolysis of natural gas.

Blue hydrogen is made via steam reforming of natural gas, and grey hydrogen is produced through steam reforming of fossil fuels like coal or natural gas.

Other types include red, pink, and violet hydrogen, which use nuclear power for electrolysis.

Yellow hydrogen from a mix of renewables and fossil fuels, white hydrogen as a waste byproduct, and brown hydrogen from coal.

You Might Also Like

NCDMB Promises Increased Local Industry Involvement in Oil and Gas Projects.

Brentford Closing In on Fiorentina’s Micheal Kayode

Brazil Calls Up Fabricio Bruno to Replace Injured Militão

Jhon Durán Joins Al Nassr in Blockbuster €77m Deal – Set to Partner with Cristiano Ronaldo

Renaissance acquires 30% in SPDC JV.

TAGGED:Oil and gasRenewable energy
Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recipe Rating




Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
Popular News
Uncategorized

Éderson Breaks Premier League Record for Goalkeeper Assists

Fakayejo Paul
Fakayejo Paul
April 12, 2025
Vinicius Jr. Out for Three Weeks
Asisat Oshoala Absent from 2024 CAF Women’s Player of the Year Nominees
Brazil’s World Cup hopes hang by a thread after a 1-0 defeat to Paraguay
Borussia Dortmund Aim to Extend Carney Chukwuemeka Loan from Chelsea
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?