NAMIBIA GREEN HYDROGEN INVESTMENT FORUM IN PARIS

Namibia Focuses on Green Hydrogen Expansion in 2022, Secures Critical Capital for Economic Growth 

Message from the President of the Republic of Namibia 

H.E. Dr Hage G. Geingob, President of the Republic of Namibia, has announced that the country is set to receive approximately $6.3 million in concessional fees from Hyphen Hydrogen Energy. The fee will enable the country to fast track its green hydrogen development while ensuring economic growth is not only maintained but accelerated. 

Speaking during his New Year Presidential address, H.E. Geingob noted that in order “to turn opportunities into tangible outcomes, and to catalyze a rapid and sustainable growth trajectory, we must refocus our attention to maximize Namibia’s investment potential.” Specifically, the President emphasized the role that green hydrogen will play in driving Namibia’s economic growth. 

“In 2022, we shall secure the first 100 million Namibian dollars in concession fees from the preferred bidder, bringing immediate relief to the fiscus and translating the vision of a synthetic fuels industry into immediate Foreign Direct Investment flows. We shall deliver Namibia’s Green Hydrogen strategy, outlining a clear pathway to unlocking even greater investments and to establishing Namibia as a regional and global decarbonization champion,” stated the President. 

Green hydrogen is, thus, a once-in-a-lifetime opportunity for Namibia.

MAXIMIZE THE NATIONAL BENEFITS

The Government will put in place a competitive and transparent process, designed to maximize the national benefits and lay the foundation for long-term participation in a growing green. By 2030, Namibia could produce green hydrogen as low as 1.5 USD/kg hydrogen and ammonia market.

With hydrogen now a central part of many nations’ decarbonisation plans there remains an elephant in the room; how do we produce truly clean green hydrogen at the volumes needed to support this burgeoning Hydrogen ecosystem, at comparable prices to grey or blue Hydrogen?

Without a route to green hydrogen at scale, efforts to transition to hydrogen will not contribute to the 2050 target of net zero. 

With this in mind, The Green Hydrogen Summit will examine every aspect of achieving cost- competitive green hydrogen at scale. 

The Summit will provide a comprehensive view of the entire Namibian green hydrogen ecosystem, including the regulations and incentives countries are deploying, the business models to deploy electrolysis projects, the infrastructure upgrades needed to transport and store hydrogen at scale, and the industrial applications for the hydrogen being produced. 

This forum will bring an audience made up of government officials, energy suppliers, project developers, debt providers and investors, utilities, gas TSOs and off-takers the forum will bring together delegates with leading experts to share the latest case studies, inspire action, and make the connections to realise the potential of green hydrogen in Namibia.

WHO WILL BE ATTENDING?

The Forum invites experts and senior executives across the whole Hydrogen and fuel cells industry interested in meeting potential partners with Namibian Stakeholders, creating business opportunities and gaining knowledge on the latest advancements to aid growth in Namibian markets. These include Presidents and Vice Presidents, Managers, Directors, Portfolio Managers, Heads of Production, Business Development Managers, Industry Expert Advisors, Partners and Stakeholders of:

Hydrogen Producers and Suppliers

Fuel Cell Companies

Automotive OEMs

Hydrogen Storage Companies

Regulatory Bodies & Government Officials

Technology Providers

Component Manufacturers Industrial End-users

Financial Stakeholders and Investors

Sustainability and Mobility Technology Providers

Energy Companies

Integrated Oil & Gas Companies

Industry we Cover

INFRASTRUCTURE

AGRO PROCESSING

INDUSTRY

ICT

Industry we Cover

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Namibian and National Strategies Towards Hydrogen Market Integration

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Investment opportunities in the Namibian Hydrogen Market

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Hydrogen Production Strategies and Joint Venture Projects

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Expanding Key Hydrogen Business Applications and Market Use in Energy Sector

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Mobility Transformation of the Future: Hydrogen and Fuel Cell Vehicles Applications

Cutting Edge Technology Advancements: Linking Together the Hydrogen Value Chain Player

For a more detailed agenda on this event, please download the Programme.

GREEN HYDROGEN IS A TRANSFORMATIVE OPPORTUNITY FOR NAMIBIA

There is widespread acknowledgement that hydrogen will play a pivotal role in decarbonising the economy. Volumes could reach 500-800 Mt H2 by mid-century. The world is moving.

Certain “downstream” hydrogen products are well suited to international trade; these represent c.50% of target H2 economy. For these products, there is particularly high confidence that hydrogen-solutions will be the leading clean solutions.

In target off-takers sectors – e.g., fertilizer, shipping, aviation, chemicals – early movers are already taking steps to consume clean hydrogen. At the same time, globally competitive suppliers – e.g., Chile, Australia, Saudi Arabia – are moving to meet these markets.

  • Namibia is positioned to be able to achieve highly competitive green hydrogen production costs. – That value can be unlocked by exporting green ammonia at highly competitive prices: ~$400/t NH3 by 2030, and ~$350/t NH3 by 2040. Exporting excess clean power further improves the economics. – Potential to export additional H2-related products (e.g., synfuels, HBI/steel) longer term.
  • Potential economic benefits to Namibia would accrue over time and by 2040 could reach and surpass: GDP boost of $15bn- $19bn/year1 , well over 100,000 domestic jobs, $6bn-$8bn contribution to trade balance2 and national energy independence.
  • Successfully capturing this opportunity will come down to execution in achieving globally competitive LCOA – Achieving lowest LCOA will come through, e.g.: attracting competitive cost of capital, coordinated procurement to negotiate early electrolyser discounts, intelligent phasing and build out of core infrastructure, integrating power exports to improve economics – Namibia should seek to establish itself as a relevant player in the 2020s to de-risk scale-up in the 2030

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