Oracle Signs MoU to Explore Heavy-Duty Transport & Port Infrastructure Development

Source: www.gulfoilandgas.com 6/27/2022, Location: Asia

Oracle Power PLC, the international natural resources project developer, is pleased to announce that it has signed a non-binding Memorandum of Understanding ( "MoU") with Nuvera Fuel Cells LLC ("Nuvera") to jointly explore opportunities for de-carbonised heavy-duty transport and port infrastructure in Pakistan powered by green hydrogen.

Nuvera, headquartered in Massachusetts, is enabling hydrogen vehicle adoption. Nuvera manufactures heavy-duty, zero-emission fuel cell engines for mobility applications. With teams located in the U.S., Europe and Asia, Nuvera provides clean, safe and efficient products designed to meet the rigorous needs of industrial vehicles and other transportations markets.

The MoU provides a framework in which Oracle and Nuvera will collaborate to identify and build relationships with customers in Pakistan, which may become an early adopter for zero-emission mobility. The two parties will also coordinate and work with the governments of Sindh and Pakistan to obtain required support for setting up for hydrogen mobility infrastructure. Oracle and Nuvera intend to cooperate in the demonstration of fuel cell-powered heavy-duty vehicles.

Naheed Memon, CEO of Oracle, commented:
"Building on our recent developments in the hydrogen industry, including our JV partnership supported by His Highness Shaikh Ahmed Dalmook Al Maktoum, the MoU with Nuvera provides us with a highly attractive opportunity to commercialise this ground-breaking fuel source. Working with Nuvera, a pioneer in zero-emission fuel cell engines, will equip Oracle with the technical expertise to bring the benefits of the clean, safe and highly efficient green hydrogen fuel cells to the industrial vehicle market in Pakistan.

"Oracle is now carving out a prominent position in the southern-Asian energy and power industry, supported by influential, relevant and experienced partners, to advance our ambitions to establish and commercialise the first green hydrogen facility in Pakistan."


Brazil >>  8/11/2022 - Another first for Teekay Tankers as Moscow Spirit participates in the first ship-to-ship operations at Port Sudeste, Brazil.

Moscow Spiri...

Finland >>  8/9/2022 - Berge Bulk has selected Deltamarin to carry out the ship side basic design for installing BAR Technologies WindWings by Yara Marine Technologies onboa...

Angola >>  8/8/2022 - EMAR Offshore Services BV, the independent maritime services company based in Raamsdonksveer, the Netherlands, has bought two Damen Fast Crew Supplier...
Japan >>  8/8/2022 - NYK Group company MTI Co., Ltd., Japan Marine United Corporation, Mitsubishi Heavy Industries (MHI) Group company Mitsubishi Shipbuilding Co., Ltd., F...

United States >>  8/4/2022 - ABS’ latest advisory provides best practices for creating and using metadata for managing digital information to support the growing development and a...
Japan >>  8/2/2022 - NYK and Astomos Energy Corporation have participated in a marine biofuel demonstration project launched by the Global Centre for Maritime Decarbonisat...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.