Oman’s Hydrom Secures Impact Hydrogen Project Award 2025: Opportunities for Investors in Clean Energy
MUSCAT: Hydrom, the key player in Oman’s green hydrogen sector, has received the prestigious ‘Impact’ award for the Hydrogen Project of the Year at a recent global green hydrogen summit held in London.
In collaboration with the NEOM Green Hydrogen Company of Saudi Arabia, Hydrom was awarded the 2025 Impact Hydrogen Project of the Year during the Investing in Hydrogen 2025 forum, a two-day event that attracted over 800 senior executives, including policymakers, representatives from utilities, oil and gas firms, developers, investors, and technology leaders from more than 55 countries.
"This award recognizes extraordinary projects that are fostering significant advancements and innovation in hydrogen production and use. Both Hydrom and NEOM Green Hydrogen Company are making important strides toward establishing a thriving hydrogen economy, aiding in the acceleration of the energy transition. We celebrate their success and commitment to the future of clean energy," stated the summit organizers in a recent announcement.
Earlier, Reham al Maimani, Hydrom’s Director of Strategy and Markets, discussed the company’s strategy to position Oman as a global hub for green hydrogen production and export. She presented on the topic, “Charting the Future of Hydrogen: Oman’s Open Market Approach and Global Opportunity,” emphasizing Hydrom’s achievements in attracting approximately $50 billion in international investment commitments for nine large-scale projects. These initiatives aim to produce a combined total of 1.5 million tonnes per annum (Mtpa) of green hydrogen by 2030.
The projects represent the fruit of two successful auction rounds for land blocks, collectively planning for the installation of about 35 gigawatts (GW) of renewable energy capacity and 18 GW of electrolyser capacity.
Currently, Hydrom is seeking developers for a 300 km² land block near the Special Economic Zone at Duqm (SEZAD) as part of its third auction round. Interested parties have until October 31, 2025, to submit their Statements of Qualifications (SoQ), with final bids expected by the end of January 2026. An announcement of the award is anticipated by the end of the second quarter of 2026.
To encourage stronger investor engagement in the latest auction, Hydrom has enhanced its incentives and benefits. Notably, it has eliminated the requirement for a performance bond during the development phase, thereby reducing early financial burdens and allowing for greater participation. Additionally, there will be opportunities for matchmaking at the auction stage, facilitating visibility among registered participants to support consortium formation and early alignment.
Land fees for the development and construction phases have also been reduced, and developers will now have the option to supply surplus renewable electricity to the grid, subject to regulatory approval—an option not available in previous rounds.
Importantly, any surplus green hydrogen can be supplied to new local industries, while hydrogen derivatives may be sold domestically or exported, enhancing flexibility for investors in securing markets for their products.
In her presentation, Al Maimani detailed five potential roles for international entities in advancing Oman’s green hydrogen economy. Opportunities include investing in the manufacturing of green hydrogen equipment, participating in the construction and operation of shared infrastructure, and exploring possibilities for industrial green hydrogen offtake.
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The recent recognition of Hydrom as a leader in the green hydrogen sector positions Oman as an emerging hub for sustainable energy innovation. This creates significant opportunities for local and international investors looking to capitalize on the $50 billion in commitments and enhanced incentives for participation in the hydrogen market. Smart entrepreneurs should prioritize partnerships and strategic investments in renewable technologies and infrastructure to align with Oman’s ambitious production goals, while also preparing for the potential volatility of a growing but competitive landscape.
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