ENOWA
ENOWA is NEOM's wholly-owned energy, water, and hydrogen subsidiary, building the world's first at-scale 100% renewable utility platform for the NEOM megaproject in Saudi Arabia. It serves NEOM residents, businesses, and global hydrogen export markets via integrated solar, wind, HVDC transmission, desalination, and green hydrogen production assets.
- Company typePrivate
- Founded2022
- HeadquartersNEOM, Saudi Arabia
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What ENOWA does
ENOWA is the energy, water, and hydrogen subsidiary of NEOM Company, a sovereign-backed Saudi Arabian megaproject entity. The company was officially launched in March 2022 and is headquartered at Oxagon in NEOM, Tabuk, Saudi Arabia, with a workforce of approximately 359 employees. ENOWA operates an integrated platform spanning renewable electricity generation (solar, wind, HVDC transmission), water supply and treatment (desalination with zero-liquid discharge, wastewater recycling, brine processing for mineral recovery), and green hydrogen production (650 tonnes/day target, converting to 1.2 million tons/year of green ammonia for export). Its technology stack includes proprietary first-of-its-kind systems such as a 3 GW/525 kV HVDC Light transmission link, a 1MW PEM fuel cell designed for GCC ambient conditions, cryogenic carbon capture (30 tonnes CO2/day pilot), and an AI-driven Integrated Energy Management System Platform supporting the world's largest renewable-powered district cooling system.
ENOWA's business model combines regulated utility revenue within NEOM (water supply at SAR 9.00/m3 flat tariff across residential, commercial, industrial, and government sectors, plus connection fees and meter maintenance subscriptions) with export-oriented revenue from green hydrogen and ammonia through an exclusive off-take agreement with Air Products, and emerging clean industrial product revenue from brine-derived minerals and e-fuels. Customer segments include NEOM residents and businesses (target population 1,000,000+), NEOM Contractors for construction-phase water services, global hydrogen mobility markets via the Air Products channel, and transportation/mobility applications through hydrogen refueling stations and green maritime initiatives. The company pursues a B2B/B2G enterprise model, with primary commercial partnerships anchored by Hitachi Energy, SEC, ACWA Power, Aramco, Veolia, ITOCHU, and KAUST.
The company generates no public revenue today and is funded through its parent NEOM Company as part of Saudi Vision 2030. Its competitive position is structurally anchored by exclusive rights as the sole utility provider for NEOM, multi-billion-dollar capital backing, and integration across energy-water-hydrogen value chains that single-sector operators cannot replicate. ENOWA's near-term risk profile is dominated by NEOM execution timelines, sovereign capex continuity, and the speed at which operational capacity (solar/wind 2026, hydrogen 2025, full desalination 2030) translates into commercial revenue.
ENOWA firmographics
Firmographics- Name
- ENOWA
- Legal name
- ENOWA
- Website
- https://enowa.neom.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- ENOWA is NEOM's wholly-owned energy, water, and hydrogen subsidiary, building the world's first at-scale 100% renewable utility platform for the NEOM megaproject in Saudi Arabia. It serves NEOM residents, businesses, and global hydrogen export markets via integrated solar, wind, HVDC transmission, desalination, and green hydrogen production assets.
- Ownership category
- akta.pro rank
ENOWA industry classification
Industry- Product category
- Integrated Renewable Energy, Water and Hydrogen Utilities
- NAICS
- Water Supply and Irrigation Systems (22131), Steam and Air-Conditioning Supply (221330), Industrial Gas Manufacturing (32512)
- SIC
- Water Supply (4941)
- akta.pro primary industry
- Desalination Plant EPC, O&M & Performance Optimization (EUANAFAK)
- akta.pro secondary industry
- Desalination Energy Systems (Energy Recovery Devices, Power Integration, Renewables) (EUANAFAI)
Keywords
Where ENOWA is headquartered
LocationHeadquarters
- HQ city
- NEOM
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices1 record
Markets served
ENOWA business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Infrastructure, Technology or R&D, Operations, Personnel, Supply Chain, Marketing or Sales
Revenue model
- Water Supply and Services: ENOWA provides water supply, wastewater, recycled water, and water connection services to residential, commercial, industrial, and government customers within NEOM. Revenue is generated through water tariffs, connection fees, and service charges.
- Renewable Energy Supply: ENOWA supplies 100% renewable electricity to NEOM communities through its integrated energy system, featuring solar, wind, and HVDC transmission infrastructure.
- Green Hydrogen and Ammonia Production and Export: ENOWA produces 650 tonnes of green hydrogen per day (converting to 1.2 million tons of green ammonia per year) for export to global H2-mobility markets through its partnership with Air Products. This represents a significant revenue stream from international clean energy exports.
- Clean Industrial Products: ENOWA extracts high-value chemicals and minerals (magnesium metals, high-purity salts) from brine left by the desalination process, creating new industries and revenue streams in a true sustainable circular economy.
- District Cooling Services: ENOWA operates the world's largest 100% renewable-powered centralized District Cooling System, providing cooling services to NEOM developments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Zone 1: 0-10 km distance |
| Unit Pricing | Pay-as-you-go | Zone 2: 10-20 km distance |
| Unit Pricing | Pay-as-you-go | Zone 3: 20-40 km distance |
| Unit Pricing | Pay-as-you-go | Zone 4: 30-40 km distance |
| Unit Pricing | Pay-as-you-go | Zone 5: 40-50 km distance |
| Unit Pricing | Monthly | Residential Water Supply - Land ≤350 m2 |
| Unit Pricing | Monthly | Government, Commercial, Industrial Water Supply |
| One time/ perpetual license | Pay-as-you-go | Residential Connection - 15-25mm, Land ≤350m2 |
| One time/ perpetual license | Pay-as-you-go | Residential Connection - 15-25mm, Land >350m2 |
| One time/ perpetual license | Pay-as-you-go | Government/Commercial/Industrial Connection - 20-40mm |
| Subscription | Monthly | Water Meter Maintenance - 15-20mm |
| Subscription | Monthly | Water Meter Maintenance - 25-40mm |
| Subscription | Monthly | Water Meter Maintenance - Over 50mm |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels10 records
ENOWA product offering
Product offeringCore offering
ENOWA is the energy, water, and hydrogen utility subsidiary of NEOM, providing 100% renewable electricity generation and supply, water desalination with zero-liquid discharge, water recycling, district cooling, and green hydrogen/ammonia production and export. It operates an integrated digital energy platform that orchestrates generation, storage, and demand across the NEOM ecosystem and to international off-takers, with its own dedicated hydrogen refueling network and an e-fuels program.
Product overview
ENOWA is NEOM's energy, water, and hydrogen sector subsidiary offering an integrated sustainable infrastructure platform. The core products include the NEOM Energy Operating System and Digital Energy Platform (DEP) that connect all energy assets across the region. ENOWA provides complementary sub-products across three domains: Energy (HVDC transmission systems, green hydrogen production, district cooling, e-fuel production, cryogenic carbon capture); Water (selective desalination plant, Al Bada Water Recycling Plant, Water Innovation Center, smart water networks); and Hydrogen (Hydrogen Innovation and Development Center). These products work together as an integrated system to deliver 100% renewable energy, sustainable water management with zero liquid discharge, and green hydrogen production for export and local mobility applications.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 98% wastewater recovered and treated for recycled water use at Al Bada Water Recycling Plant
- +7 more outcomes
Companies that use ENOWA
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles4 records
ENOWA technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature8 records
ENOWA partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core, flagship and minor.
- AramcocoreENOWA and Aramco joined forces to create e-fuel demonstration plant at HIDC in Oxagon. Plant will produce 35 barrels/day of low-carbon synthetic gasoline using circular carbon economy approach, potentially reducing CO2 emissions by 70%+ vs conventional fuels.
- Hitachi EnergycoreENOWA signed agreement with Hitachi Energy for supply of three HVDC transmission systems totaling 9 GW capacity. Hitachi Energy will provide 3 GW, 525 kV HVDC Light transmission system connecting Oxagon with Yanbu area (650+ km). Additional early works and capacity reservation agreements for two more 3 GW HVDC projects.
- Saudi Electricity Company (SEC)coreSEC acts as ENOWA's EPCM (engineering, procurement, construction management) partner for HVDC transmission systems. SEC will build and operate the cryogenic carbon capture pilot plant at Dubay. SEC and ENOWA jointly partnered with KAUST for cryogenic carbon capture technology.
- Pennsylvania State UniversitycoreFive-year master research agreement signed with Penn State for smart water technologies, desalination, and rare earth mineral/metal recovery research. Physical testing will be conducted at Water Innovation Center in NEOM.
- King Abdullah University of Science and Technology (KAUST)coreMoU signed to integrate AI-driven technologies in energy systems. Collaboration includes computational modeling, high-performance computing frameworks, climate reanalysis models, data assimilation, weather forecasting, renewable energy optimization, and digital twin capabilities development.
- Monaco Hydrogen AllianceflagshipENOWA is strategic partner for Monaco Hydrogen Alliance, promoting use of green hydrogen in mobility for land, maritime, and aviation. Roland Kaeppner and Dr. Yasmeen Najm represented ENOWA at annual forums. ENOWA participates in judging Monaco Hydrogen Prize.
- KAUST and SECcoreThree-way partnership to build pilot cryogenic carbon capture plant at Dubay - one of world's largest demonstrations of this technology. Plant will capture 30 tonnes CO2 daily from SEC's Green Duba ISCC power plant. Carbon captured for food/beverage applications and e-fuel production.
- Extreme EflagshipMulti-year partnership making ENOWA the official green hydrogen power partner of the electric racing series. ENOWA implements hydrogen-based fuels and technologies to power race sites and cars, showcasing hydrogen as sustainable solution for climate action.
- ITOCHU and VeoliacoreMoU signed with ITOCHU and Veolia to develop first-of-its-kind selective desalination plant at OXAGON, powered by 100% renewable energy. Plant will achieve zero-liquid discharge and produce early-water in 2024.
- Hydrogen Innovation Development Center (HIDC)coreHIDC is the first of its kind in the region, part of NEOM's plan to accelerate innovation in hydrogen and green fuel production, utilization, and transport. Supports Kingdom's aim to become global clean energy hub.
- Air ProductsflagshipAir Products has exclusive off-take agreement for all green ammonia produced from NEOM Green Hydrogen Company (650 tonnes/day hydrogen, 1.2 million tons/year ammonia) for global H2-mobility markets. Projects under development targeting 2025 operational.
- ACWA PowercoreJoint venture with ACWA Power and Air Products for development of first solar and wind farm sites in NEOM. Part of the NEOM Green Hydrogen Project (NGHP).
- Delft UniversityminorJoint feasibility study with Delft University on using brine from desalination in 3D printing of sustainable concrete materials. Results published in scientific journal.
- tk UhdecoreProprietary technology provider for e-fuel demonstration plant, contributing to the first-of-its-kind synthetic electro-fuel production showcasing technical feasibility and commercial viability.
- ExxonMobilcoreProprietary technology provider for e-fuel demonstration plant, part of the joint development agreement between ENOWA and Aramco for producing low-carbon synthetic gasoline.
- Saudi Electricity Company, Al Sharif Group Holdings, Helicopter Express, Inc., Al Rushaid GroupminorPartners for helicopter-aided construction project installing high-voltage transmission line towers in mountainous areas - a Saudi first. Helicopter Express provided helicopter services; others provided construction and project management services.
Scale indicators21 records
Recent moves6 records
Expansion highlights6 records
ENOWA competitors and assessment
Company assessmentBroad incumbents
- Iberdrola: Global renewable utility leader with significant wind, solar, and hydrogen investments. Comparable scale of renewable buildout and net-zero infrastructure ambitions, though operating across many mature markets rather than a single greenfield city.
- NextEra Energy: Largest US renewable utility (Florida Power & Light and NextEra Energy Resources). Comparable scale of renewable generation development and grid integration expertise, though operating in mature US markets rather than greenfield city buildout.
- ENGIE: Global utility with major renewable energy and green hydrogen portfolios spanning power generation, district heating/cooling, and water services. Comparable integrated utility model with explicit decarbonization pivots and hydrogen ambitions.
Direct peers
- ACWA Power: Saudi-based developer and operator of power generation and desalination plants with a growing green hydrogen portfolio. The most direct peer given geographic overlap, business model overlap (renewable IPP and water desalination EPC), and existing joint-venture partnership with ENOWA on the NEOM Green Hydrogen Project.
- Masdar (Abu Dhabi Future Energy Company): UAE state-backed clean energy developer investing across renewable power, green hydrogen, and sustainable urban development. Closely comparable mandate to ENOWA as a sovereign-backed integrated renewable/hydrogen platform targeting global clean energy leadership.
Others
- Veolia: Global water and environmental services leader partnering with ENOWA on the selective desalination plant at OXAGON. Strategic technology partner in water treatment rather than a direct competitor in NEOM utility services.
- Hitachi Energy: Global grid technology vendor supplying ENOWA's HVDC Light transmission systems (9 GW total across three links). Strategic technology partner rather than competitor; comparable in scale of HVDC systems being deployed globally.
- Aramco: Saudi national oil company partnering with ENOWA on the e-fuel demonstration plant and broader clean energy initiatives. Strategic partner rather than direct competitor; comparable in scale and Saudi strategic positioning.
- Air Products: Global industrial gas and hydrogen leader and ENOWA's exclusive green ammonia off-taker. Strategic commercial partner rather than direct competitor; comparable in green hydrogen production scale and global hydrogen market positioning.
Emerging players
- Ørsted: Former oil and gas company transformed into a global offshore wind leader with growing green hydrogen portfolio. Comparable strategic pivot toward 100% renewable energy and hydrogen production.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
ENOWA social profiles
Digital presenceENOWA financial estimates
Financial estimateRevenue estimate
Valuation estimate
ENOWA leadership team
Management profileNumber of profiles
Profiles17 records
ENOWA subsidiaries and ownership
Company hierarchySubsidiaries3 records
ENOWA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ENOWA M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ENOWA
What does ENOWA do?
ENOWA is the energy, water, and hydrogen utility subsidiary of NEOM, providing 100% renewable electricity generation and supply, water desalination with zero-liquid discharge, water recycling, district cooling, and green hydrogen/ammonia production and export. It operates an integrated digital energy platform that orchestrates generation, storage, and demand across the NEOM ecosystem and to international off-takers, with its own dedicated hydrogen refueling network and an e-fuels program.
Is ENOWA a public or private company?
ENOWA is a private company. It is classified as state government owned and is currently operating.
When was ENOWA founded?
ENOWA was founded in 2022. It employs 251 to 500 people.
Where is ENOWA based?
ENOWA is headquartered in NEOM, Saudi Arabia, in the Middle East region.
How does ENOWA make money?
Five revenue lines are on record. Water Supply and Services are the primary driver. The others are renewable Energy Supply, green Hydrogen and Ammonia Production and Export, clean Industrial Products and district Cooling Services.
Who are ENOWA's main competitors?
Broad incumbents on record are Iberdrola, NextEra Energy and ENGIE. Direct peers are ACWA Power and Masdar (Abu Dhabi Future Energy Company). Others are Veolia, Hitachi Energy, Aramco and Air Products. Ørsted is listed as an emerging player.
Does ENOWA have an API?
No public API is recorded for ENOWA.
What industry is ENOWA in?
ENOWA's product category is Integrated Renewable Energy, Water and Hydrogen Utilities. Its primary akta.pro industry code is EUANAFAK, Desalination Plant EPC, O&M & Performance Optimization, with a secondary code of EUANAFAI, Desalination Energy Systems (Energy Recovery Devices, Power Integration, Renewables). Its NAICS code is 22131 and its SIC code is 4941.