Hydrogen and fuel cell technologies offer an alternative source of clean electricity, while hydrogen allows for energy to be stored and delivered in usable form.
Presenting his annual budget speech on Thursday , Nzimande said the Hydrogen Valley Corridor covers three hubs with a high concentration of hydrogen demand and access to green hydrogen, one in Johannesburg Hub, one in Mogalakwena/Limpopo and one in Durban/Richards Bay. South Africa’s proposed hydrogen valley will start near Mokopane in Limpopo, where platinum group metals are mined, extending through the industrial and commercial corridor to Johannesburg and leading finally to Durban.
“Jobs span the entire hydrogen value chain from R&D, engineering, maintenance, training and outreach. This job creation also has the potential to contribute to the just transition; for example, jobs requiring training the workforce will put male and female workers on equal footing.”South Africa will need to attract investment of $14 billion if it is to develop a substantial green hydrogen industry, Bloomberg reported in May, citing the head of the government’s climate finance task team.
The $8.5 billion funding package has been put together by the UK, US, Germany, France, and the European Union – designed to drive a shift to green energy.
South Africa can jump start its economy if it does the following: 1-Remove the race based BBBEE laws! 2-Remove all labour law red tape! 3-Reduce Corporate Income Tax to 22%! (This will be lowered to 27% next year tho) sabcnews