ACWA Power: Building a Bridge for Green Hydrogen Between Saudi Arabia and Europe
Key Ideas
  • ACWA Power's CEO Marco Arcelli emphasizes the importance of establishing a connection between Saudi Arabia and Europe for green hydrogen production to meet climate targets.
  • The company is working on projects like the Neom project in Saudi Arabia, focusing on large-scale renewable energy production and hydrogen electrolysis.
  • Partnerships with European companies like Snam and SEFE aim to create a supply chain for green hydrogen from Saudi Arabia to Europe, ensuring stable and affordable energy sources.
  • ACWA Power's global expansion plans include investments in various countries like China, Uzbekistan, and Central Asia, with a diverse portfolio covering multiple continents.
In an exclusive interview with pv magazine, ACWA Power's CEO Marco Arcelli highlighted the potential for building a bridge between Saudi Arabia and Europe to facilitate green hydrogen production. Arcelli emphasized the benefits of utilizing the abundant renewable resources in Saudi Arabia, such as solar energy, wind conditions, and water availability, to produce green hydrogen at a lower cost and on a massive scale. He stressed the importance of transitioning from gas-based energy sources to green hydrogen to ensure stable energy prices unaffected by geopolitical shifts. Arcelli forecasted a future where Europe would rely on a mix of domestically produced and imported hydrogen, with projects like the Neom initiative in Saudi Arabia set to play a significant role. The Neom project, with a substantial electrolysis capacity, is expected to begin hydrogen production by the end of 2026, marking a milestone in large-scale green hydrogen production. ACWA Power's collaborations with European companies like Snam and SEFE aim to establish a green hydrogen supply chain from the Gulf region to Europe. These partnerships involve significant investments, with targets to supply substantial amounts of green hydrogen to European markets by 2030. Additionally, ACWA Power's global expansion strategy includes projects in various countries, with a focus on renewable energy and green hydrogen production. Overall, ACWA Power's initiatives underscore the potential for international cooperation in advancing green hydrogen technologies and achieving climate goals, while also ensuring energy security and stable industrial production across continents.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2025 AdvanceH2, LLC. All rights reserved.