Tuesday, September 27, 2022
HomeGreen Technology$10 billion Namibian hydrogen venture selects developer for locomotive

$10 billion Namibian hydrogen venture selects developer for locomotive



Hyphen

Namibian-headquartered Hyphen Hydrogen Power (Hyphen) says it’s making constructive progress on its discussions with the Namibian Authorities because it strikes in direction of signature of the Implementation Settlement earlier than the top of the yr for its deliberate US$10 bn Namibian inexperienced hydrogen venture.

At full scale improvement, the Hyphen venture is predicted to supply ~350,000 tons of inexperienced hydrogen each year earlier than the top of the last decade for regional and international markets, from 5-6 GW of renewable era capability and ~3 GW of electrolyser capability. Hyphen and Authorities are focusing on the graduation of development in January 2025, with commissioning of the primary part by the top of 2026. The overall funding in over each phases is ~US$10 billion, roughly the equal of Namibia’s annual GDP.

Hyphen’s sister firm, Hyphen Technical, along with companions TransNamib, CMB.TECH and the College of Namibia was chosen in August to develop a hydrogen-powered locomotive with two hydrogen-diesel twin gas locomotive prototypes with a hydrogen gas tender wagon. The H2 locomotive conversion venture, at a price of €7.63 million, is being half funded by grant funding from the German Federal Ministry of Training and Analysis (BMBF), via the Namibian Authorities, supported by Southern African Science Centre for Local weather Change and Adaptive Land Administration (SASSCAL). That is supposed to behave as step one within the journey of the conversion of TransNamib’s locomotive fleet, that makes use of 11 million litres of diesel a yr, to finally function on inexperienced, carbon-free gas and demonstrates the dedication by the Namibian Authorities to develop your entire inexperienced hydrogen worth chain within the nation, together with hydrogen use functions.

Marco Raffinetti, CEO of Hyphen Hydrogen Power, stated: “We’re very happy on the dedication and speedy tempo of progress that the Namibian Authorities has proven as we transfer in direction of concluding the Implementation Settlement to allow us to begin the subsequent part of the venture. It demonstrates the Authorities’s perception in Hyphen’s imaginative and prescient and functionality to execute this bold and transformative venture. Our venture will put Namibia’s inexperienced hydrogen trade firmly on the worldwide vitality and decarbonisation map and place Namibia for speedy inexperienced hydrogen scalability. I want to thank the Authorities for his or her assist to this point as we transfer ahead collectively to ship this essential venture for the nation.

Hyphen’s final announcement was on the World Financial Discussion board (WEF) in Might, when it laid out “an bold timeline to understand this transformative venture”.



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