Appointment of Chief of Technology - Hydrogen

RNS Number : 7391P

Oracle Power PLC

21 October 2021

 

21 October 2021

Oracle Power PLC

("Oracle", the "Company" or the "Group")

Appointment of Chief of Technology - Hydrogen

Oracle Power P LC (AIM:ORCP), is pleased to announce the appointment of Dr Naveed Akhtar as an adviser on h ydrogen technology, following Oracle's recently announced non-exclusive co-operation agreement (the " Agreement") with PowerChina International Group Ltd ( " PowerChina") , with the aim of jointly developing a green hydrogen production facility in Pakistan.

Dr Akhtar is an expert in the h ydrogen e nergy   / f uel c ells field with more than 20 years' experience .

Dr Akhtar   is the founder and CEO of Hy-Hybrid Energy Limited , a specialised fuel cell service provider which advises hydrogen application businesses across Europe. Dr Akhtar will join the Company on an advisory basis as Chief of Technology - Hydrogen , a non-Board position, as Oracle progresses its hydrogen strategy in Pakistan with PowerChina.

Dr Akhtar holds a B.Eng in Mechanical (Pak), M.Sc. in Renewable Energy (Germany) and PhD in Chemical Engineering (UK). He has received many prestigious awards and fellowships such as the Hermann Göhr Award ,  Marie Curie Fellowship, UNESCO Fellowship, Grove Fuel Cell Symposium Student Bursary, Universitas 21 Scholarship, DAAD Scholarship, amongst others. He has published 28 papers in scientific journals/proceedings and 11 patents in the field of fuel cells.

Naheed Memon, CEO of Oracle, commented :

" The appointment of Dr Akhtar, an expert in Hydrogen fuel cells, is an important step towards   advancing the development of a green hydrogen production facility in Pakistan, with PowerChina as our partner. Green hydrogen is a crucial fuel source in the global transition to decarbonisation and is therefore an incredibly important addition to our growing portfolio of assets. We look to Naveed to advise us on the technological aspects of this development as well as to assist us in commercialisation and building an application market. His connections in Europe and his access to technical resource will be highly beneficial. I look forward to working very closely with him in this important project."

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For further information:

Oracle Power PLC Naheed Memon	[phone]
Strand Hanson Limited (Nominated Adviser) Rory Murphy, James Harris, Rob Patrick	[phone]
Brandon Hill Capital Limited (Joint Broker) Oliver Stansfield	[phone]
Shard Capital (Joint Broker) Damon Heath Isabella Pierre St Brides Partners Limited (Financial PR) Susie Geliher Catherine Leftley	[phone] [phone]

About Oracle Power PLC:

Oracle Power PLC is an international natural resource and power project developer quoted on London's AIM market.  The Company holds two highly prospective gold assets in two globally significant gold regions of Western Australia.  The Northern Zone Project is located 25km east of the major gold mining centre of Kalgoorlie, the home of the 'Super Pit' mine, the second largest gold mine in Australia, and the Jundee East Gold Project is located ~9km east of Northern Star's Jundee Gold Mine, one of Australia's largest gold mines.

The Company is also active in the power industry in Pakistan and is working to establish a green hydrogen production facility in association with PowerChina.  The Company's initial project is the Thar Block VI Project in south-east Pakistan where the Company is advancing plans for a combined lignite coal mine, a 1,320MW mine mouth power plant and a proposed coal gasification to urea project.

 

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