Developer’s stock plummets after proposal to issue extra billion shares to advance green hydrogen project

Oracle Power aims to raise £350,000 to progress development of a plant in Pakistan — but questions remain over whether it will ever reach financial close

Oracle Power CEO Naheed Memon (right) at site in Pakistan purchased for green hydrogen project development.
Oracle Power CEO Naheed Memon (right) at site in Pakistan purchased for green hydrogen project development.Photo: Oracle Power
Published 5 October 2023, 12:23Updated 5 October 2023, 12:28
Green H2PakistanChinaAsiaThyssenkrupp