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 12 months 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 world markets, from 5-6 GW of renewable era capability and ~3 GW of electrolyser capability. Hyphen and Authorities are concentrating on the graduation of development in January 2025, with commissioning of the primary section by the top of 2026. The whole 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 gasoline locomotive prototypes with a hydrogen gasoline 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), by 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 12 months, to finally function on inexperienced, carbon-free gasoline and demonstrates the dedication by the Namibian Authorities to develop your complete inexperienced hydrogen worth chain within the nation, together with hydrogen use purposes.
Marco Raffinetti, CEO of Hyphen Hydrogen Power, stated: “We’re more than 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 following section 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 power and decarbonisation map and place Namibia for speedy inexperienced hydrogen scalability. I wish to thank the Authorities for his or her help thus far 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 Could, when it laid out “an bold timeline to understand this transformative venture”.
