Oxagon's Innovations in NEOM: A Green Hydrogen Boost
Key Ideas
  • Oxagon's collaboration with DataVolt and NEOM's green hydrogen initiative has attracted $14 billion in investments, focusing on AI-driven data centers and renewable energy projects.
  • The first phase involves a $5 billion investment in a 1.5-GW smart data center with plans for a 300-MW facility by 2028, aiming to establish Oxagon as a global hub for innovation.
  • Oxagon's strategy includes developing NEOM's industrial city as a leader in digital infrastructure and sustainable energy, with a strong focus on end-to-end data center solutions and renewable energy plans.
  • Future plans for Oxagon entail expanding renewable energy projects, announcing manufacturing initiatives in 2025, constructing a new warehouse at NEOM's port, and starting green hydrogen production by late 2026.
Howard Wu, the Executive Director of International Investments and Manufacturing at Oxagon, highlighted the company's significant investments driven by the collaboration with DataVolt and NEOM's green hydrogen initiative. The project aims to develop an AI-powered data center with a total capacity of 1.5 GW, attracting around $14 billion in investments. This initiative, along with the construction of a 300-MW facility by 2028, is part of Oxagon's strategy to establish NEOM's industrial city as a global hub for innovation and advanced technologies. Oxagon's focus on end-to-end data center development covers various aspects such as power generation, cooling, operations, and application layers. Additionally, Oxagon is accelerating its renewable energy plans, with upcoming announcements on manufacturing projects in the sector expected in 2025. The company also plans to build a new warehouse at NEOM's port and commence green hydrogen production by late 2026. The partnership between NEOM and DataVolt further emphasizes the commitment to sustainable energy solutions and the advancement of digital infrastructure in the region, showcasing a positive outlook towards innovation and environmental sustainability.
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