The new company formed through the collaboration of Altergy, Anglo Platinum’s Platinum gold metals Development Fund and South African government’s Department of Science and technology (DST) will use platinum in fuel cells as a catalyst for the conversion of hydrogen into electricity.
Clean Energy Investments plans to launch Altergy’s Freedom Power fuel cell products in Sub-Saharan region by establishing a distribution network and subsequently developing a fuel cell manufacturing and assembly plant in South Africa.
Altergy’s low-cost Freedom Power fuel cells are used by telecommunications companies to provide backup power at cell sites as an alternative to battery systems or diesel generators and, in some cases, the grid.
Altergy president and CEO Eric Mettler said that Africa is one of the fastest growing markets in the world and Altergy is proud to have been chosen by Anglo Platinum, PGM, the South African Government’s DST and industry to bring its fuel cell solutions to the region.
