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Browsing: green hydrogen investment in South Africa
By 2030 alone, between 6,000 and 10,000 megawatts of dedicated renewable energy plants would need to be built to power 3,000 to 5,000 megawatts of electrolyzer capacity, according to figures shown in the presentation. Electrolyzers use electricity to make hydrogen from water.
Green hydrogen production technologies are seeing a renewed wave of interest. This is because the possible uses for hydrogen are expanding across multiple sectors, including power generation, manufacturing processes in industries such as steelmaking and cement production, fuel cells for electric vehicles, heavy transport such as shipping, green ammonia production for fertilizers, cleaning products, refrigeration, and electricity grid stabilization, according to the World Bank.
South Africa possesses exceptional conditions for the development of a competitive green hydrogen industry due to its geographical and institutional environments, giving it the potential to become a development pole at the national and regional levels.…