Oman Investment Authority invests in US Electric Hydrogen, specializes in producing green hydrogen

Muscat: The Oman Investment Authority (OIA) announced its investment in the US company Electric Hydrogen, which specializes in developing and manufacturing electrolyzers using proton exchange membrane technology that is used in the production of green hydrogen.

This comes within the series of sustainable investments launched by the agency with the aim of diversifying the investments of the Generations portfolio in line with its green hydrogen strategy, and its commitment to striving towards achieving global leadership in the global transition to clean energy sector, and to contribute a pivotal role in the value chain associated with hydrogen.

The electrolyzers developed by Electric Hydrogen produce green hydrogen using renewable energy sources, as green hydrogen is a necessary element for reducing carbon emissions from some vital industrial processes. The transition from fossil fuel-based energy sources to energy based on renewable green hydrogen has been expensive and difficult to implement on a large scale.

Electric Hydrogen’s technology will allow the manufacture and operation of electrolyzers with an operating capacity of up to 100 megawatts, each of which can produce up to 50 tons of green hydrogen per day at a low cost, which will help the company’s customers achieve their goals related to reducing carbon emissions.

Alwaleed bin Saeed Al Shukaili, Senior Director of Economic Diversification Investments at the Oman Investment Authority, said: “At a time when the Sultanate of Oman is taking its first steps in its journey to produce green hydrogen, we believe that it is necessary to establish strategic partnerships with partners who have experience and advanced technical capabilities in this field. Our investment in this company is a reflection of our interest in supporting the development of the green hydrogen sector in the Sultanate of Oman.”

more recommended stories

Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.