Business
Oracle Power joins Dii Desert Energy Organization
Oracle Power joins Dii Desert Energy Organization.
About this update from Oracle Power Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n Close\n \n \n \n \n \n \n \n \n \n 24 February 2023\n \n \n \n \n \n \n Oracle Power PLC\n \n \n \n \n (\"Oracle\", the \"Company\" or the \"Group\")\n \n \n \n \n \n \n \n Oracle Power joins Dii Desert Energy Organization\n \n \n \n \n \n \n \n \n \n \n \n Oracle Power PLC (AIM: ORCP), a developer of green hydrogen production through its subsidiary, Oracle Energy Limited (\"Oracle Energy\"), is pleased to announce that Oracle Energy has joined the Dii Desert Energy (\"Dii\") as an Associate Partner. Dii, an organization whose mission is to harness emission-free energy from the desert areas of the Middle East and North Africa (\"MENA\"), is an exclusive and highly influential independent network, which includes leading global energy-related businesses, including Shell, EDF, Siemens Energy, Thyssenkrupp, E.ON, China Electric Power, and ACWA Power, as well as investor groups including EBRD, Investcorp, and other groups such as the National Hydrogen Council, the GCCIA, and the League of Arab States.\n \n \n \n \n \n Oracle Energy's involvement will be specifically targeted at Dii's MENA Hydrogen Alliance, launched in 2020, which brings together private and public sector companies, and science and academic bodies, to kick-start local hydrogen economies and explore export revenue opportunities, substituting fossil fuels and leveraging existing infrastructure including gas pipelines. Oracle Energy's strategy is to further build on its existing relationships with blue chip companies including Thyssenkrupp and Emirates Global Aluminium, and leverage its membership of Dii with financiers, policy makers, technology companies and offtakers, to accelerate the commercialisation of Oracle Energy's flagship Green Hydrogen Project in the province of Sindh, Pakistan, which when constructed, is expected to produce 55,000 tonnes of green hydrogen per annum. \n \n \n \n \n \n Naheed Memon, Chief Executive Officer of Oracle Energy, will be a key participant on the Structuring Contracts & Securing Bankable Offtake Agreements panel on Wednesday 01 March at the second annual World Hydrogen MENA Forum in Dubai (27 February to 2 March 2023), a conference which is co-hosted by Dii, which will bring together key stake...