Agencies – The Omani Investment Authority has announced its investment in the U.S.-based company Electric Hydrogen, specializing in the development and manufacturing of electric analyzers using proton exchange membrane (PEM) technology for green hydrogen production.
The electric analyzers developed by Electric Hydrogen are designed to produce green hydrogen using renewable energy sources. Green hydrogen is considered crucial for reducing carbon emissions from vital industrial processes, as the transition from fossil fuel-dependent energy sources to renewable green hydrogen proves to be a costly and challenging shift on a large scale.
Electric Hydrogen’s technology enables the manufacturing and operation of electric analyzers with an operational capacity of up to 100 megawatts, each capable of producing up to 50 tons of green hydrogen per day at a low cost. This is expected to assist the company’s clients in achieving their carbon emission reduction goals.
Waleed bin Saeed Al-Shakily, Senior Director of Economic Diversification Investments at the Omani Investment Authority, stated, “As Oman takes its initial steps in the journey towards green hydrogen production, we believe it is essential to establish strategic partnerships with experienced partners possessing advanced technological capabilities in this field. Our investment in this company reflects our commitment to supporting the development of the green hydrogen sector in the Sultanate of Oman.”
This investment aligns with Oman’s commitment to exploring and developing sustainable energy solutions and contributes to the global effort to transition towards cleaner, greener alternatives. As the demand for green hydrogen continues to grow globally, such strategic investments position Oman to play a significant role in the emerging green hydrogen economy.
