Scores recomputed 4 days ago

Hydrogen and Innovation Development Centre (HIDC)

Construction✓ Source-checked

ENOWA (NEOM) with Aramco; thyssenkrupp Uhde manages the e-methanol/MTG plant

Project Overview

Country: Saudi Arabia
Region: Tabuk
Capacity: 20 MW
Technology: Alkaline Electrolysis
Investment: —
Subsidy Status: —

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Development Timeline

Announced2023

FID—

Construction—

Operational2024planned date · already passed

Readiness Score

45/ 100

Developing

Weighted checklist of public info. Not a prediction of success.

Development

✓Final Investment Decision(implied)+15

✓EPC Contract signed(implied)+10

✓Permits obtained(implied)+8

✓Grid connection secured(implied)+7

Commercial

✗Binding offtake agreement+15

✓MOU / offtake letter of intent(implied)+5

✗Confirmed price / tariff+5

✗Applied to government program+5

Financing

✗Project finance / debt secured+10

–Subsidy (not recorded)+0

Track Record

✗Developer has completed H2 project+5

✗Developer has completed RE project+3

✗Developer has energy experience+2

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