Pakistan thinks its first green hydrogen plant would help it overcome its energy problem and provide a clean, renewable source of electricity.
The South Asian country is suffering from a serious electrical crisis as the summer season sees peak demand that the present supply can’t satisfy, forcing the government to turn off electricity for extended hours, restrict government working days, and down commercial marketplaces early.
According to statistics from a specialist energy platform, Pakistan’s supply of power is 21,000 megawatts and its demand is 25,600 megawatts.
Pakistan hydrogen storage
Oracle Energy has signed a non-binding memorandum of understanding with Jiangsu Gufu Corporation to explore hydrogen storage and fueling infrastructure for its 400-megawatt green hydrogen project in Pakistan.
This is a huge step forward in Oracle Energy’s 400MW green hydrogen project in Pakistan and lays the door for hydrogen to be marketed in South Korea, Japan, China, and Europe.
Maimon stated, “With Sheikh Ahmed Dalmook Al Maktoum’s assistance, we’re well-positioned to implement the project’s technical, financial, and commercial components.”
“This initiative helps Pakistan build a source of green energy at cheap rates,” she said.
Oracle Energy’s carbon approach in Pakistan will be complemented by worldwide hydrogen storage.
Pakistan’s green hydrogen
Oracle Power and Power China partnered in October 2021 to develop Pakistan’s first green hydrogen factory.
Green hydrogen is made by separating water into hydrogen and oxygen using renewable energy.
According to Renewables Now, the Chinese state-owned corporation planned a pre-technical feasibility assessment.
In February 2022, Oracle Corporation claimed Power China finished the analysis. The results showed that cutting wind and solar energy prices in Pakistan can allow the project to supply green hydrogen for less than $2 per kilogram.
The project will cost around $2 billion and produce 150,000 kg of green hydrogen each day.
Pakistan wants to expand renewable energy output from 6% to 25% by 2025 and 30% by 2030.
Hydroelectric power and renewable hydrogen energy will boost this proportion by 2030.
Established firms
Oracle Energy, a joint venture with Oracle Power, a London-listed natural resources and energy project developer, focused on Western Australia and Pakistan.
In Australia, it focuses on the Northern Gold Project, which is 25 kilometers east of Kalgoorle, home of Australia’s second-biggest gold mine, Super Pete.
Sheikh Ahmed bin Dalmouk Al Maktoum is partnering with the firm to build a green hydrogen factory in Pakistan.
Oracle Energy proposes to produce brown coal for a 1,320-megawatt plant and coal gasification for a urea manufacturing project at its Thar Block Fai project in southeast Pakistan.
Jiangsu Gufu Company makes hydrogen canisters, compressors, and refueling stations.
