South Africa must make green hydrogen investment decision in next 12 months

For South Africa to take full advantage of the opportunities presented by the growing global demand for green hydrogen, management consulting firm McKinsey managing partner of South Africa Kannan Lakmeeharan believes swift action is needed to move from feasibility to investment decisions. Speaking to Engineering News on March 7 at a McKinsey-hosted event focusing on green hydrogen, which ran alongside the African Energy Indaba, in Cape Town, he said that derisking green hydrogen projects by securing some form of uptake was crucial.