Prieska Power Reserve partners IDC to further South Africa’s green hydrogen ambitions - News Summed Up

Prieska Power Reserve partners IDC to further South Africa’s green hydrogen ambitions


JOHANNESBURG (miningweekly.com) – Emerging green hydrogen company Prieska Power Reserve on Tuesday announced a partnership with the State-owned Industrial Development Corporation (IDC) to advance a green hydrogen project in Prieska, in South Africa’s Northern Cape province. AdvertisementPrieska Power Reserve’s energy expertise and the IDC’s investment platform and infrastructure financing have been connected to deliver technologies that produce green hydrogen and ammonia. “Some of the completed milestones include the chemical plant, the wind, solar and microgrid feasibility studies, which indicate a huge potential for the project,” Prieska Power Reserve director Martin Walzer stated. Prieska Power Reserve, in the words of Prieska Power Reserve director Makole Mupita, will catalyse a collaborative approach between business, the province and national government in achieving the country’s hydrogen goal and positioning the Northern Cape as a hydrogen hub. The initiative is described as being ideally positioned to become a major participant in the worldwide green hydrogen and ammonia markets.


Source: The North Africa Journal June 14, 2022 13:17 UTC



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