PIC board chairperson Dr David Masondo visited HyPlat, a Cape Town-based subsidiary of Bambili Energy, as part of the PIC Board's oversight programme aimed at assessing the impact of investments funded by public sector pension capital.
The Public Investment Corporation (PIC) has reaffirmed its commitment to South Africa's emerging hydrogen economy, with board chairperson Dr David Masondo highlighting the strategic importance of its investment in Bambili Energy as a driver of industrialisation, mineral beneficiation and long-term economic growth.
As manager of approximately R3 trillion in assets on behalf of public sector clients, the PIC said it remains focused on deploying capital responsibly to support sustainable economic development, industrial expansion and long-term value creation while delivering returns for pension fund members.
Masondo visited HyPlat, a Cape Town-based subsidiary of Bambili Energy, on Thursday as part of the PIC board's oversight programme aimed at assessing the impact of investments funded by public sector pension capital.
HyPlat manufactures membrane electrode assemblies (MEAs), a key component used in hydrogen fuel cells and electrolysers. The company, which originated from the University of Cape Town through the Hydrogen South Africa (HySA) programme, has become South Africa's first manufacturer and exporter of MEAs to European customers.
