Oracle Power signed a non-binding Memorandum of Understanding with Jiangsu Guofu Hydrogen Energy Equipment (Guofuhee) to explore hydrogen storage and hydrogen refuelling infrastructure opportunities in Pakistan.
Guofuhee is a specialist in liquid hydrogen vessels, hydrogen pressure devices and hydrogen refuelling stations and the collaboration is part of Oracle Energy's 400MW green hydrogen project.
"This is another big leap forward in our journey to bringing our 400MW green hydrogen project to fruition and lays the foundations for a route to the commercialisation of hydrogen on the international market," Naheed Memon, Oracle's chief executive, said.
“With the continued backing of His Highness Shaikh Ahmed Dalmook Al Maktoum, our 70% joint venture partner, we are well-positioned to move forward with the technical, financial and commercial aspects of the project.”