SOURCES OF ENERGY
PIC keeps faith in future of fuel cells
The Public Investment Corporation (PIC) will continue investing in developing fuel cells in SA although it still has questions about several aspects, Monique Mathys-Graaf, the PIC’s head of investment projects development, said on Friday. Hydrogen fuel cells use platinum as a catalyst and the market potential has been identified as a possible game changer for the industry, which has been in decline for a number of years as its main markets — vehicle autocatalysts, jewellery and investment — have shrunk. Almost 80% of the world’s platinum deposits are in SA. Mathys-Graaf told a panel discussion on fuel cells at the Council for Scientific and Industrial Research (CSIR) that whether there was an investment case for fuel cells depended on whether they could deal with SA’s energy needs, had compelling benefits in combating climate change and could create a sufficiently large market to help the platinum industry. The global listed fuel cell sector had not delivered good returns, she said....
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