Under the Memorandum of Understanding (MoU) the companies will look to support industrial power with fuel cells utilising Oracle-produced green hydrogen, offering a solution to provide sustainable power to large-scale heavy industry.
H2 View understands Oracle Power’s parent company, Oracle Energy will undertake providing the industrial power generation requirements as well as green hydrogen supply.
Doosan and HyAxiom also plan to work together to explore and assist in setting-up a joint fuel cell development programme for industrial power generation for capacities up to 50MW.
Oracle is currently planning to develop a green hydrogen project in Pakistan which is expected to produce around 55,000 tonnes of green hydrogen per year, utilising 700MW of solar and 500MW of wind and battery storage.
Further to the MoU, Oracle says it will explore the industrial domestic market where hydrogen is available as a by-product including in chemical refineries, chlor-alkali, and similar petrochemical plants, where the hydrogen can be directly fed into the Doosan fuel cells for electrical power generation.
The partners say due to a shortage of natural gas supply within Pakistan and high import prices, green hydrogen is expected to become an attractive solution to meet the nation’s increasing energy requirements, while also assisting in its carbon emissions reduction.
“Oracle Energy’s collaboration with Doosan Fuel Cell and HyAxiom sets up yet another potential market for the 55,000 tonnes of clean energy output from our planned flagship Green Hydrogen Project in Pakistan,” said Naheed Memon, CEO of Oracle.
Memon continued, “This is a significant move towards developing a sustainable energy transition in Pakistan and globally as the world shifts to Net Zero. As a first mover in the nascent green hydrogen space in Pakistan, we look forward to working with our partners to develop innovative and cost-effective fuel cells to power the fifth Industrial Revolution.”
Just last week (March 10), Oracle revealed it has signed an MoU with China Electric Power and Technology Co. (CET) which could potentially develop, finance, construct, operate, and maintain its Pakistan project.
Read more: Chinese grid signs agreement with Oracle Energy on Pakistani green hydrogen project
A Successful Ecosystem for Green Hydrogen – London
It is becoming ever clearer that the entire green hydrogen ecosystem requires alignment. Hydrogen’s potential, performance, and safety are proven. Green hydrogen is widely accepted as a core pathway to Net Zero, yet the key levers in the transition are not yet in-sync.
At H2 View we recognise the increasingly challenging economic climate that various countries/economies are currently facing. We want to help as many companies as possible in the hydrogen space to achieve their needs as competitively and logically as possible. As a result, we felt it was a compelling decision to relocate our previously planned event in Iceland, to a venue in London.
Join H2 View in London, one of the foremost investment capitals of the world, for a 1.5-day event devoted to thought leadership, insights, and actionable takeaways in the green hydrogen ecosystem, combined with the connections and networking to deliver against those objectives.
This H2 View hydrogen summit is dedicated to dissecting the ecosystem requirements to truly realise a green hydrogen-fuelled future across industries, transport, and society. This event will tackle all sides of the energy ecosystem, from wind and solar power requirements to additionality, water sustainability, electrolyser technologies, and investment and policy climate.
You can find more information at h2-viewevents.com.