focusIR Fireside Chats podcast - FTSE 250 Fund Manager Reveals Hidden Emerging Market Gems | Infrastructure. Watch here

Less Ads, More Data, More Tools Register for FREE

IN BRIEF: Chariot completes feasibility study at Nour hydrogen project

Mon, 11th Mar 2024 16:40

Chariot Ltd - Africa-focused transitional energy company - Completes feasibility study at its "Project Nour" large-scale green hydrogen venture in Mauritania. Nour is a 50:50 joint venture between Chariot's subsidiary Chariot Green Hydrogen and TE H2, a company owned by TotalEnergies SE and Eren Group SA. The next steps for the project include the completion of an investment framework, an engineering conceptual study, and offtake negotiations.

A 2022 pre-feasibility study indicated that, with up to 10 gigawatts of electrolysis installed, Nour could become "one of the largest green hydrogen projects globally", Chariot says. The company intends to execute a phased development, beginning with an initial renewable capacity of 3 gigawatts, to produce up to 150,000 tonnes of green hydrogen annually. The project's proximity to Europe and the deep-sea port at Nouadhibou also provides Nour with "favourable export options", Chariot adds.

Current stock price: closed down 4.9% at 7.38 pence per share in London on Monday

12-month change: down 51%

By Hugh Cameron, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Chariot

Shares in this article

Related News

DIRECTOR DEALINGS: Jardine CEO buys more; Agronomics chair ups stake
13 Mar 2026

DIRECTOR DEALINGS: Jardine CEO buys more; Agronomics chair ups stake

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and Friday and n...

Chariot launches open offer, notes solar deal for subsidiary
23 Feb 2026

Chariot launches open offer, notes solar deal for subsidiary

(Alliance News) - Chariot Ltd on Monday reported a new deal for an electricity trading company in which it holds interest, alongside plans to raise up...

Chariot notes Etana Energy signs power purchase deal with Sibanye
6 Feb 2026

Chariot notes Etana Energy signs power purchase deal with Sibanye

(Alliance News) - Chariot Ltd on Friday noted that Etana Energy Pty Ltd signed a power purchase agreement with Sibanye-Stillwater Ltd, a Roodepoort, G...