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Mitochondria Energy

Making use of African platinum

Tue, 04/14/2015 - 14:14 -- Anonymous
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South Africa's Trade and Industry Minister, Dr Rob Davis.
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Africa’s first 100- kW platinum- natural gas fuel cell was switched on at the Chamber of Mines in Johannesburg, South Africa last week, where it will provide baseload power to the building.

The Platinum Power Fuel Cell is a joint project between South Africa’s Department of Trade and Industry (dti) and Johannesburg-based Mitochondria Energy.

The project is funded through a ZAR 7.5 million (nearly $618 000) injection by the dti, and a loan financing obtained by Mitochondria of ZAR 3.25 million (about $260 000) from the Industrial Development Corporation.

Speaking at the event, South Africa’s Trade and Industry Minister Dr Rob Davis set a target of 1000 MW of platinum fuel cell-generated electricity supply by 2020.

Davis also said that being home to 80% of the world’s known platinum reserves puts South Africa at the forefront of developing fuel cell technology, and that there is no reason why South Africa should not become a major player in the manufacturing of platinum fuel cells.

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