Public Investment Corporation (PIC) chairperson Dr David Masondo on June 24 visited HyPlat, a Cape Town-based subsidiary of emerging South African hydrogen technology company Bambili Energy.
The PIC is a shareholder in Bambili Energy and the visit formed part of an ongoing oversight programme showcasing how pension capital is being deployed to support South Africa’s long-term economic development.
HyPlat is said to be pivotal to Bambili Energy’s hydrogen technology platform. The company manufactures membrane electrode assemblies (MEAs). It was incubated through South Africa’s Hydrogen South Africa programme and is a spin-out from the University of Cape Town.
These MEAs form the core of hydrogen fuel cells and electrolysers and represent one of the highest-value applications of South Africa’s platinum group metals, with the country hosting the majority of the world’s resources.
HyPlat is highlighted as the first South African manufacturer and exporter of MEAs to European customers.
