The European Union has committed ~$35 MM in grants to South Africa to boost its green H₂ initiatives. Green H₂, produced using renewable energy, is crucial for decarbonization and can be used in various industries.

The first grant of ~$140 MM rand ($7.8 MM) will support South African state company Transnet with infrastructure needs like railways and ports. The second grant of €25 MM ($27.6 MM) aims to develop South Africa's green H₂ value chain. This investment aligns with both South Africa's and Europe's strategic goals for industrialization and energy transition.

Source: Reuters