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Moshesh achieves first close on renewable energy, clean infrastructure fund

Asset management company Moshesh Partners has reached a first close for its first renewable energy and clean infrastructure fund, and is targeting R2-billion in assets under management in the next 18 months, said Moshesh Partners co-founding member and CEO Sifiso Shongwe on April 9. This goal was in addition to the more than 2 000 MW pipeline of solar, wind and storage projects it has already secured.
April 9, 2021 by

Bank of America triples environmental funding goal to $1tr by 2030

Financial institution Bank of America on April 8 announced its goal of deploying and mobilising $1-trillion by 2030 in its Environmental Business Initiative to accelerate the transition to a low-carbon, sustainable economy. This commitment will anchor a broader $1.5-trillion sustainable finance goal by both environmental transition and social inclusive development purposes, spanning business activities across the globe, said Bank of America vice-chairperson Anne Finucane.
April 9, 2021 by

Global net zero ambitions

Creamer Media’s Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the global push for net zero, what this means for the future energy system and whether South Africa is on the same net zero pathway as other countries.
April 9, 2021 by

Double Troika Summit orders ‘immediate technical deployment’ to Mozambique

The Extraordinary Double Troika Summit of Heads of States and government of the Southern African Development Community (SADC) has directed an immediate SADC Organ on Politics Defence and Security technical deployment to Mozambique following insurgent attacks in northern town of Palma. Recent reports revealed that twelve people, possibly foreigners, were found beheaded after an Islamic State-claimed attack on Palma, near natural gas projects worth $60-billion.
April 9, 2021 by

New PEM generators launched

Renewable-energy and hydrogen supply company Nel Hydrogen launched the MC250 and MC500 containerised large-scale proton exchange membrane (PEM) electrolysers. The PEM electrolysers represent automated megawatt-class on-site hydrogen generators, using a modular containerised design for ease of installation and integration.
April 9, 2021 by

Maintenance knowledge key in generator functionality

Customers should be made aware about the care and maintenance required to keep a generator in good working order, and the type of generator most suited to their needs, says construction equipment hire and sales company Hire It director Richard Fraser. He explains that the maintenance requirements are similar to that of a car, in that the generator will need to be serviced regularly.
April 9, 2021 by

Second generation UPS launched

Power management company Eaton has launched the second generation of its market-leading Eaton 93PM G2 three-phase uninterruptible power supply (UPS) in South Africa. The modular and scalable design of the 93PM G2 enables data centre operators to grow capacity and power protection in line with business demand, while providing the industry’s lowest total cost of ownership in its class.
April 9, 2021 by

New gensets developed

Vertical manufacturer HIMOINSA developed a gas-powered generator set with maintenance periods that stretch for up to 10 000 hours, or 14 months of continuous work, highlights HIMOINSA Southern Africa senior sales engineer Warrick Taylor.

The generator’s estimated service life of 30 000 hours until overhaul is much longer than the average life of diesel equipment of the same size, potentially requiring only two services throughout its entire working life.

April 9, 2021 by

Cylinder market expected to grow

The global liquified petroleum gas (LPG) cylinder manufacturing market is projected to reach a market size of about $4.7-billion by 2026, with an average growth rate of about 3.6% during the forecast period, according to a report issued by market intelligence provider Transparency Market Research last month. LPG, sometimes also referred to as simply propane or butane, is typically stored in gas cylinders or tanks, which are pressure vessels that keep the LPG at above atmospheric pressure.
April 9, 2021 by