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Browsing: Kenya’s Green Hydrogen potential
- Globally, the hydrogen market exceeds $130 billion, and the World Bank is projecting an annual growth rate of over 9 per cent.
- The rising global demand for clean energy is opening doors for African nations to establish themselves as green hydrogen exporters.
- Across Africa, green hydrogen initiatives are taking root in Egypt, Niger, Morocco, South Africa, Namibia, and Mauritania.
Green hydrogen, derived from a clean process of electrolysation, can potentially transform the energy landscape in developing nations. Unlike traditional hydrogen production methods, which rely on fossil fuels, green hydrogen is produced using renewable energy sources like solar and wind power.
This innovation opens up new possibilities for decarbonisation and sustainable energy solutions. South Africa, Morocco, Mauritania, Namibia, Niger and Egypt are trailblazing the way for African economies, albeit with financing challenges. Recently, Kenya outlined its broad plan to tap into this industry, too.
Globally, the hydrogen market exceeds $130 billion, …
- EIB Vice President confirms EIB support for green hydrogen engagement with President Ruto
- New agreement to develop and unlock investment to produce green hydrogen using renewable energy
- EIB and Kenya to identify potential green hydrogen investment projects
The European Investment Bank (EIB) has committed to support and strengthen green hydrogen investment in Kenya.
Thomas Östros, European Investment Bank Vice President and Professor Njuguna Ndung’u, Cabinet Secretary, National Treasury and Economic Planning signed the Joint Declaration on Renewable Clean Hydrogen following discussions on green hydrogen investment with Kenya’s President William Ruto.
“Kenya has some of the best renewable energy sources in the world if the storage components were equally developed. The route to storage has the potential to develop green hydrogen to deliver sustainable, green and inclusive growth. Today’s agreement builds on decades of close cooperation with the European Investment Bank to support renewable energy across Kenya. Together we will develop …