Oracle power and Doosan14 Mar 2023 09:17
This is an interesting connection, even though a long term one.
Oracle Power PLC (AIM: ORCP), a leading developer of Green Hydrogen, is pleased to announce that its subsidiary, Oracle Energy, has signed a non-binding Memorandum of Understanding (MoU) with industry leaders Doosan Fuel Cell Co., Ltd ("Doosan Fuel Cell"), the Korean fuel cell and hydrogen company, and HyAxiom Inc. ("HyAxiom"), a leading global fuel cell and hydrogen solution provider, to jointly explore fuel cell opportunities for industrial power generation in ****stan.
Oracle is to develop a Green Hydrogen production project (the "Project") in ****stan, which is expected to produce approximately 55,000 tonnes of high purity green hydrogen annually. Located in the designated wind corridor in the province of Sindh in southern ****stan, the Project is expected to deploy 700MW solar, 500MW wind power and battery storage to produce green hydrogen.