We are pleased to announce that O&L Nexentury GmbH (Nexentury), the renewable energy and sustainable infrastructure arm of the O&L Group, signed a reimbursement contract with the KfW/DEG, the German government’s development finance institution. The KFW will pay almost € 200,000 (NAD 3.4 million) in grant funding to assist Nexentury undertake a feasibility study to explore whether Namibia can become a leading global contributor of green hydrogen to fuel a decarbonized future. The Study shall investigate the technical, institutional and commercial viability of a pilot project, comprising a large-scale PV, desalination, and electrolysis system combined to generate green hydrogen. The study will delve into the costs to produce, process and transport the hydrogen. The five main hydrogen processes the study will challenge are: liquid organic hydrogen carriers (LOHC), methanation, methanol synthesis, Fischer-Tropsch synthesis, ammonia synthesis.
This Nexentury initiated study will form the commercial and technical foundation and due diligence upon which the KFW and Nexentury will use to decide whether to enter phase two, which could very well become Africa’s first green hydrogen production facility; a proof-of-concept in Namibia.