The Public Investment Corporation says its newly-adopted hydrogen investment strategy aims to facilitate funding and provision of early-stage capital for the development of the hydrogen value chain. The state-owned entity announced its adoption of the strategy on Monday, saying it intends on leveraging over 200 hydrogen projects announced around the world and the more than R4.3 trillion required to develop South Africa’s hydrogen economy.
The PIC adds that hydrogen promises to be the next frontier in clean energy technology, due to its extensive value chain applications. “It can be used to industrialise and create a resultant hydrogen economy. Other benefits include job creation and localised manufacturing; and the potential of turning the country to one of the largest exports of green hydrogen in the world.
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PIC punts hydrogen as fuel of the futureThe state investor has committed to help fund about R4.3-trillion required to boost SA’s emerging hydrogen economy
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