Minister in the Presidency responsible for Electricity, Dr Kgosientsho Ramokgopa, and German Vice Chancellor Robert Habeck have signed a joint declaration of intent to establish the South African-German Hydrogen Task Force.
South Africa holds approximately 80% of the world’s platinum group metals (PGMs) and 40% of the world’s platinum and palladium supplies which are key components in the production of hydrogen.
The cooperation between the two countries aims to link South African developers in the Green Hydrogen market with off takers in Germany looking at additional funding for projects and cooperation in creating projects in South Africa that are commercially viable, to meet international green hydrogen demand and supply.
Business to business opportunities between South African companies and their German counterparts will also be created through the task force. Government has already drawn up plans for a Hydrogen Valley which is expected to run from Limpopo, through Johannesburg to Durban.
The valley will establish opportunities for projects which will kick-start hydrogen initiatives in hubs with the aim of boosting economic growth and job creation.
The green hydrogen economy has been billed as a new frontier for clean energy as it emits low carbon emissions with a global potential of about $300 billion in exports.
1 Comment
Pingback: Shivambu warns govt about EU’s role in green hydrogen agenda - Sociopolitical Discourse Agency