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Government and the Private Sector to Partner in the Manufacture and Distribution of Fuel Cells in South Africa.
The Department of Science and Technology (DST) has partnered with Anglo Platinum and Altergy Systems (Altergy), an American fuel cell company, to establish a new company in South Africa that will initially market and distribute its products and ultimately manufacture fuel cells for the sub-Saharan African market.
The DST through its Technology Innovation Agency (TIA); Anglo Platinum through its Platinum Group Metals Development Fund (PGMD Fund); and California-based Altergy have agreed to establish a fuel cell marketing, distribution and manufacturing entity, Clean Energy Incorporated, under a license arrangement.
Both the DST through the TIA and the PGMD Fund will
invest in the transaction, and along with Altergy, will each receive an equity
position in Clean Energy. The equity allocation creates a “partnering model”
that aligns all shareholder objectives in Clean Energy to be channeled for
success. Read more
The MeerKAT - SKA Schools competition
