South Africa is gearing up for a green revolution. In recent news, the Cabinet has officially stamped its approval on the Green Hydrogen Commercialisation Strategy (GHCS).
The Big Announcement
Minister in the Presidency, Khumbudzo Ntshavheni, was effusive about the strategy’s potential, confidently predicting:
“Government has identified possible funding for green hydrogen projects and the draft Green Paper received extensive feedback from stakeholders.”
Let’s dive into what this means.
Hydrogen Strategy: A Look Back
Interestingly, this isn’t the nation’s first rendezvous with hydrogen ambitions. The GHCS is a revival of the Hydrogen South Africa Strategy introduced in 2007. This earlier initiative laid the foundation for a hydrogen-focused economy. Fast forward to 2021, and the strategy now aligns with the Hydrogen Society Roadmap, a product of the Department of Science and Innovation.
Celebrating the Green Hydrogen Summit
Capetonians recently celebrated the second South Africa Green Hydrogen Summit. Highlighting the importance of such a summit, Ntshavheni stated,
“Green hydrogen has the potential to add additional renewable energy generation capacity and to support the local development of renewable energy.”
The summit also unveiled an exciting collaboration: South Africa’s intent to launch the SA-H2 Fund. With hopes to entice a whopping $1 billion in funding, the hydrogen economy’s potential contributions are staggering. The Minister dropped some jaw-dropping numbers, estimating a 3.6% boost to the GDP by 2050, possibly creating 370,000 job opportunities!
The Electricity Scene: How’s Eskom Doing?
But green hydrogen wasn’t the only item on the Cabinet’s agenda. They also tackled electricity concerns, with recent data painting a brighter picture. Eskom’s power generation capacity now stands at 28,615 MW, a commendable jump from May’s 27,410 MW. Ntshavheni cited effective plant maintenance as the cause of this uptick and reduced unplanned outages. She cheerily noted:
“Cabinet welcomed the addition of another 800 MW to the grid with the return of Kusile Unit 1 ahead of schedule. The additional capacity will help reduce higher levels of load shedding.”
It seems South Africa is strategically positioning itself on both the green energy and electricity fronts, signaling an exciting future for its inhabitants. Stay tuned to see how these green ambitions unfold!