Author: Anela Dokso

Green Hydrogen H2 News

According to a financial update from co-developer Air Products, the Neom green hydrogen mega-budget project’s has increased by 70% to $8.5 billion. This project will tap significant amounts of green electricity capacity. The US industrial gases company, which is developing the project in the desert of northwest Saudi Arabia with partners ACWA Power, the Saudi renewables developer, and Neom, claimed that inflation, spare parts, upfront fees for land, and $1 billion in interest on loans have all contributed to the $3.5 billion budget increase. The latter is the state-owned firm building the incredibly ambitious city of the same name, which…

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