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    IN BRIEF: Chariot signs framework deal for green hydrogen project


    May 25, 2022 - By Xindi Wei; xindiwei@alliancenews.com

     

      Chariot Ltd - Devon, England-based Africa-focused transitional energy company - Signs a framework agreement for a large-scale green hydrogen project, Project Nour, in Mauritania. The pre-feasibility study confirms that Mauritania is well-placed for green hydrogen production due to its solar and wind resources and the project has the potential to produce some of the cheapest green hydrogen in the world. Chariot says Project Nour could become one of the largest green hydrogen projects globally by 2030.

      Chief Executive Officer Adonis Pouroulis said: "Green hydrogen is a strategic priority for Chariot and will form a substantial part of the global energy transition going forward. We also believe that progressing this project will result in significant investment in Mauritania and benefit the region as a whole."

      Current stock price: 20.89 pence each

      12-month change: up sharply from 5.58p

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