Botala Energy Limited and Pure Hydrogen Corporation Limited have renewed their Memorandum of Understanding (MOU) to progress early-stage assessment and development of potential hydrogen projects within Southern Africa. Pursuant to the MOU with Pure Hydrogen, the parties have agreed to modify certain project milestones to enable the parties to further investigate and develop hydrogen projects in Southern Africa, leveraging the expertise and technology of both companies. The revised steps are as follows: Phase 1 - design, finance and build an electrolyser Micro Hub as a commercial demonstration of a standalone H2 manufacturing and filling station.

Phase 2 - to design, finance and build the core of a hydrogen highway for the region. Supply Commencement - first production of commercial production of Hydrogen. The MOU is aimed at establishing a hydrogen and renewables joint venture to manufacture, store, market and distribute hydrogen and renewable energy in Southern Africa, based in Botswana.

The renewal emphasises the continuation of the Botswana H2 joint venture, aimed at assessing and developing a potential hydrogen highway and infrastructure that includes hydrogen production via solar electrolysis and the establishment of micro hubs. This MOU positions Botala at the forefront of the hydrogen economy in the region. The joint venture (subject to a finalised joint venture agreement) will pursue renewable energy solutions focused on Hydrogen.