Changing the Future of Energy

Changing the Future of Energy

Developing 100% clean energy at scale for NEOM and ultimately the entire planet. Via unrivalled wind and solar resources, and through the world's largest hydrogen plant, we will incubate and accelerate renewable solutions. Our goal is to move beyond zero carbon to a circular economy, using future thinking to drive the change.

  • Leading the world in

    Solar power

  • Leading the world in

    Wind technology

  • Leading the world in

    Green hydrogen

  • Leading the world in

    Future thinking & digital customer platform

  • Leading the world in

    Smart energy grids & AI

  • Leading the world in

    Zero-carbon approaches

  • Leading the world in

    Sharing best practice

  • Leading the world in

    Start-up acceleration

Hear from the experts

  • Peter Terium

    Peter Terium

    CEO of Enowa – NEOM's Energy & Water company

    The future of energy
    As part of its future fully-renewable grid, we have initiated the first grid infrastructure project, designing and executing substations and transmission lines spanning hundreds of kilometers.

    An interview with Peter Terium

    1. Could you map out where energy sits in the grand vision for NEOM and how integral it is to the success of the project?
      Our energy sector is part of the NEOM Energy & Water Company. It leads the development of our world-class sustainable energy and water systems. Work to develop these utilities has started to provide the critical infrastructure for NEOM's key projects – such as THE LINE and Oxagon. In fact, Oxagon is actively seeking tenants for its manufacturing hub, and supply of energy and water is essential.
    2. What are the world firsts your team is working on?
      We are powering the creation of NEOM with 100% renewable energy that will be affordable for both residents and industries. This will be the first project in the world that enables this at scale, and we will set the stage for other sustainability projects around the world. Our company also represents NEOM as the principal shareholder in the world's largest green hydrogen production plant, in an equal joint venture with Air Products and ACWA Power. Coming onstream in 2025, the green hydrogen plant is expected to be the first of several similar plants to make a hub here for green hydrogen production and innovation. The green hydrogen will be exported and used in NEOM for a variety of solutions – including fueling clean autonomous electric vehicles. As part of its future fully-renewable grid, we have initiated the first grid infrastructure project, designing and executing substations and transmission lines spanning hundreds of kilometers. This power grid infrastructure will have the objective of transmitting the solar photovoltaic and wind energy from source to demand points. This has never been accomplished anywhere else in the world and so will be a special moment.
    3. NEOM is aiming for futurist solutions – would you be able to map out what that means and how it's possible?
      Taking the expertise and know-how we are using to develop NEOM will enable us to export this wisdom – along with completely sustainable products – to the rest of the world. In doing this, we will not only help NEOM to thrive and grow, but we can also help to solve global energy and water problems. Our next-generation technology platform will enable better lives through artificial intelligence. The platform will help us to rapidly replace outdated services and user experiences, and replace them with smarter services that predict our wants and needs – instead of asking us what they are.
    4. Green hydrogen sounds like a huge challenge. In simple terms, could you explain what that will look like on the ground?
      NEOM is one of only six places on earth that has a perfect location when it comes to generating solar and wind energy. When combined with the desalinated water we produce, NEOM will be able to produce 650 tons of virgin green hydrogen per day. It will be home to the world’s largest green hydrogen plant, built in partnership with ACWA Power and Air Products. And NEOM Green Hydrogen Company is the name of the company that the partners have come together through.
    5. What new opportunities for growth are opened up by smart energy grids?
      Traditionally, the electric power system is structured in a chain of distinct, sequential phases – from generation and transmission through to transformation, distribution and consumption. Comparatively, the ring structure of an integrated smart grid allows the functions of each phase to be changed, as directed by transmitted information and service flows. Our home energy internet will help us to easily understand the electricity use of household appliances and properly utilize energy resources such as water, electricity, gas and heat. Meanwhile, the smart energy grids allow us to efficiently and appropriately allocate energy resources across NEOM for maximum emissions reduction and energy conservation. This means consumers can better manage their own energy consumption and costs because they have easier access to their own data. Utilities also benefit from a modernized grid thanks to improved security, reduced peak loads, increased integration of renewables and lower operational costs.
    6. It is an admirable goal to move beyond zero carbon. Do you expect NEOM's innovative hybrid blueprint to be followed by other nations?
      To become carbon negative, we must first minimize the power needed to construct the infrastructure for NEOM and then generate what’s left with renewable energy on site. Then, we must ensure that the living spaces we create use less energy than that of traditional ones. It also comes down to exactly knowing what emissions we create, in order to reduce them. I think the model is a good one that feeds into our narrative of the circular economy and 100% renewable affordable energy production. The world will see our way of achieving ‘beyond zero carbon’ as a blueprint of how to live a great, sustainable existence in the future – while benefiting our planet at a time when mother earth needs it the most.
    7. What is the timeline for the delivery of your energy goals and objectives?
      At NEOM, we’re building a place comparable to Belgium. When is Belgium ever done? Never right? Even though our projects have timelines, we believe innovation and development will be a constant and therefore delivery will be a constant as well.
    8. What is the legacy you want to leave for future generations?
      Our legacy will be that our future cities are designed to embrace growth – so that roads have been replaced with innovative and well-designed public spaces. Everything you need will be only five minutes away, plus we will have built it all around nature and not over it. Powering this legacy is crucial and we believe that partnering with nature is the only way forward. We are now shaping the energy transition of the future. This will be our legacy.

The
Changemakers

People with passion can change our world and create a better future. Let our two experts tell you how in this thought-provoking film.

energy c changemakers

our goals & objectives

  • 01

    Build an innovative carbon-free ecosystem with the help of a residential energy grid

    NEOM will build a self-contained, low-cost grid of renewable energy, integrated seamlessly into the architecture of the community. With the help of AI, residents will be able to return excess generation back to the grid, ensuring a sustainable cycle for all.

  • 02

    Create an optimized energy mix at costs well below global averages

    Powered by solar energy and thermal winds, NEOM will supply industries, businesses and residents alike with clean, cheap energy that boasts minimal emissions and optimal reliability.

  • 03

    Shape the next frontier of clean energy by investing in green hydrogen

    Solar and wind energy will not only provide sustainable energy on their own, but they’ll also offer a singular set of conditions for developing new clean technologies such as green hydrogen — perhaps the biggest driver for the future of global decarbonization.

  • 04

    Drive leading R&D and innovation in renewable energy

    By establishing an environment for innovation to thrive in, NEOM will become a world leader in clean energy-intensive industries, setting an example for how to treat and commercialize energy.

OUR COMPANIES:

Enowa

Enowa is driven by a central philosophy to live in harmony with nature. We’re working with our surrounding environment to create a sustainable cycle, providing the resources to power a thriving, resilient economy. Our vision is being brought to life by some of the best minds in the world, pioneers in their respective fields, supported by the latest technology and innovation. It’s a journey we make collaboratively, as the challenges the world faces need global connectedness. We look forward to working with leaders around the world in the energy, hydrogen and water industries to drive innovation forward together.

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Enowa
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OUR PEOPLE.

NEOM brings together experts from around the world to develop the first region powered, at-scale, by 100% clean energy.

  • Peter Terium

    Peter Terium

    CEO of Enowa – NEOM's Energy & Water company

    With 18 years of experience in the energy industry, Peter Terium has been CEO of three different companies. He also founded Innogy – which became Germany’s most valuable energy company. Now he is building NEOM’s 100% renewable-energy system and managing its green-hydrogen expansion.

nature

Vision for the Future

At NEOM we are redefining business, livability and conservation across 15 sectors.

nature

Biotech

Our mission is to address major human and planetary health challenges by establishing a cutting-edge biotech innovation ecosystem based upon world-class infrastructure  and global partnerships.

Design and Construction

As the world’s most significant construction project, our mission is to become a global showcase for capital project execution, with world class examples of performance, efficiency and automation.

Education, Research & Innovation

A mission to create a new model for education, research and innovation that transforms learning and inspires discovery to improve our world.

Energy

Through our company Enowa, NEOM is building the world’s first at-scale and fully-integrated renewable energy system.

Entertainment and Culture

NEOM is building a global cultural capital and leading entertainment destination, a place to create and experience the future of culture and next-generation entertainment for audiences of the future.

Financial Services

Changing the future of financial services through inclusion, innovation and green financing.

Food

Through our food company Topian, NEOM provides high-quality, sustainably sourced food products and innovative services that empower individuals to make food choices that improve their health and protect our planet.

Health and Well-being

NEOM aims to transform the lives of our residents and visitors through accessible innovative health solutions powered by the latest technologies.

Manufacturing

NEOM will advance beyond traditional methods to enable Industry 4.0 with cutting-edge solutions – to shape the sustainable industries of tomorrow.  

Media

NEOM’s Media Sector is operational and building a fully integrated media hub – bringing together screen production, gaming and digital publishing – enabled through industry learning.  

Mobility

NEOM’s Mobility Sector connects people and services, aiming to create a smart, shared and sustainable public transport system – powered by renewable energy.

Sport

NEOM is championing livability and contributing to a dynamic economy through sport, physical wellbeing and adventure sport.

Technology and Digital

NEOM aims to harness the power of cognitive technology to build an ecosystem of disruptive and sustainable solutions that touch every aspect of life.

 

Tourism

Tourism aims to enrich a new society, vibrant economy and way of life through sustainable tourism.

Water

NEOM aims to be a global water reference, focused on improving water performance sustainably, through world class, smart and connected infrastructure, utilizing the latest innovation and future technology.