MoU Signs To Explore Green Hydrogen Supply For Pakistani Industrial Users
Oracle Energy has signed an agreement with two fuel cell companies to investigate the supply of green hydrogen from a major project in Pakistan to local industrial users.
Oracle Energy has signed an agreement with two fuel cell companies to investigate the supply of green hydrogen from a major project in Pakistan to local industrial users. To jointly explore fuel cell opportunities, the company is collaborating with Korean fuel cell and hydrogen solution provider Doosan Fuel Cell and Doosan-owned US-based HyAxiom.
Oracle Energy will ensure that there is enough green hydrogen supply for each phase of the project. The hydrogen could be converted to liquid hydrogen or ammonia, or it could be used to generate electricity in Doosan fuel cells.
The program’s goal is to provide long-term power to the region’s heavy industry, which is currently facing critical petrol shortages.
Under the terms of the agreement, the companies will assess the levelized cost of electricity generated by fuel cells and establish a joint fuel cell development programme. They will also investigate the domestic market for industrial power generation in Pakistan.
Pakistan’s green hydrogen project is being built in a “designated wind corridor” in the province of Sindh and will use 500 MW of wind power, 700 MW of solar PV, and battery storage to produce 55,000 t/y of high-purity green hydrogen.
Oracle Energy’s parent company, Oracle Power, signed a strategic Memorandum of Understanding (MOU) with China Electric Power and Technology (CET) earlier this month to expedite project development. Oracle Power CEO Naheed Memon stated that the collaboration created another potential market for the green hydrogen project.
She stated that the partners would “work towards establishing a prototype industrial power unit to provide power to large-scale industry,” describing this as a significant step towards a sustainable energy transition in Pakistan and globally.
Green hydrogen is gaining popularity as a potential source of clean energy and is frequently referred to as “the fuel of the future.” Green hydrogen is the name given to hydrogen gas produced using renewable energy sources such as wind or solar power, which emit no greenhouse gases.