Browsing: Investment Opportunities in Hydrogen

Hydrogen
  • Africa has a capacity of 125GW of hydrogen, second only to wind in terms of renewable energy.
  • The Africa Green Hydrogen Alliance (AGHA) aims to produce 30-60 million tonnes of clean hydrogen annually to add up to $126 billion to the continent’s GDP by 2050.
  • The gas is an environmentally positive fuel with low emissions when produced with electrolysis powered by renewable energy.

There’s a new powerhouse in African renewables. And it has plenty of experts talking about it. The report “The State of African Energy 2Q 2023 Outlook,” recently released by The African Energy Chamber (AEC), discusses the current and future projections for renewables on the continent. The most exciting finding is the competitive growth within the hydrogen electrolyzer space.

Africa’s current announced capacity of hydrogen, of about 125 gigawatts (GW), has overtaken solar capacity on the continent and is now second only to wind when it comes to …