Transnet gets R140m shot in the arm from EU green hydrogen purse.

Artistic representation for Transnet gets R140m shot in the arm from EU green hydrogen purse.

The grant will be used to develop a pilot project for green hydrogen production in South Africa, with the aim of demonstrating the feasibility and scalability of the technology. This project will be implemented in partnership with the South African government and private sector companies. The EU’s support for green hydrogen production in South Africa is part of a broader strategy to promote clean energy and reduce greenhouse gas emissions.

1. **Funding source:** The EU has granted €7 million to support Transnet’s efforts in the hydrogen society. 2.

Simson, the CEO of the company, also highlighted the need for a β€œgreen transition” in the energy sector. This transition involves shifting away from fossil fuels like natural gas and coal to renewable energy sources like solar, wind, and hydropower. Simson emphasized the importance of investing in renewable energy infrastructure, including solar panels, wind turbines, and hydroelectric dams.

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