PRIESKA Power Reserve, an emerging company within the green hydrogen arena, on Tuesday announced a partnership with the Industrial Development Corporation (IDC, which will invest in its green hydrogen project in Prieska Northern Cape, South Africa.
The Prieska Power Reserve is a catalytic project that will begin producing green hydrogen and ammonia using a combination of high-yielding renewable solar and wind energy resources, as well as other natural resources of water and air.
The initiative is ideally positioned to become a major participant in the worldwide green hydrogen and ammonia markets.
Cobus Vermeulen, a Prieska Power Reserve director, said: ‘’With this agreement, we look forward to creating jobs, establishing and growing new enterprises, particularly for women and youth, to fulfil the increasing demand for this new industry.”
The IDC’s…
