Oracle Power, a developer of green H₂ production through its joint venture Oracle Energy Limited announced the acquisition by Oracle Energy of State land by way of a long lease for 30-yr with the Government of Sindh, for a land package of 7,000 acres (approximately 28.3 km²) located in the Thatta district, Sindh, south-east Pakistan, where its flagship green H₂ project will be located. The company's partner, His Highness Sheikh Ahmed Dalmook Al Maktoum, who owns 70% of Oracle Energy through Kaheel Energy FZE, is an active investor and developer of several power generation projects across the Middle East, Asia and Africa.

Oracle Energy's green H₂ project would be Pakistan's first producer of green H₂, with an initial capacity to produce 55,000 tpy, and be one of the largest H₂ projects in the Middle East and Asia. 

Green H₂ is differentiated from other types of H₂ as it is powered exclusively by renewable energy sources and is produced through water electrolysis. H₂ and its by-product ammonia are key constituents for critical sectors including manufacturing, transportation, power generation and agriculture.

Oracle Energy's flagship green H₂ project is targeting annual production of 55,000 tons of green H₂ (equivalent to the production of 150,000 kg of H₂ per day). Oracle Energy intends to supply its production to local industries supporting manufacturing, fertilizer production, gas utilities, transport and power generation, and to export to European and Asian markets.

The project plans the development of solar and wind power facilities with a combined output of 1.2-GW hybrid power from proposed capacity 700-MW solar and 500-MW wind plants, along with a battery storage park of up to 450 MW, to ensure the continuous production of H₂ throughout the year. Application for the renewable hybrid plant to be connected to the grid would be made, fulfilling two specific objectives: for the sale/exchange of surplus/shortfall renewable energy into the grid, and the supply of energy to power Oracle Energy's green H₂ and green ammonia production facility.

“The signing of the 30-year lease in Pakistan's most advanced region for the development of renewable energy marks a critical milestone in the development of Oracle Energy's green hydrogen project. The sizeable site provides all the key ingredients needed to build a hydrogen project of this significant scale: access to unlimited renewable energy and water sources, as well as excellent transportation and transmission infrastructure,” said Naheed Memon, CEO, Oracle Power.

"Oracle Energy is moving rapidly towards its next phase of development with the securing of an ideal location for the Green Hydrogen Project in the Gharo-Jhimpir corridor.  The Project addresses one of the most important issues facing the planet at the moment. The provision of Green Hydrogen is rapidly gaining recognition globally as one of the solutions to transitioning from fossil to zero carbon energy generation," said His Highness Sheikh Ahmed Dalmook Al Maktoum.