Harmony Gold Looks to Green Hydrogen, LNG to Reduce Reliance on Eskom

Harmony Gold.

Eskom’s coal-fired power plants, however, frequently break down and thus put pressure on miners in the country to find alternative sources of energy generation.

As such, Harmony Gold has begun to implement a pipeline of renewable and alternative energy projects to reduce operating costs and cut dependence on Eskom. As part of the firm’s first phase of its decarbonization plans,

Harmony Gold concluded the power purchase agreement for three 10 MW solar photovoltaic plants to power its operations in South Africa’s Free State in mid-2022, with the second phase poised to see the company develop an additional 137 MW of renewable energy at its longer life mines.

“We are really keen to see what’s happening as far as hydrogen power is concerned,” stated Harmony Gold CEO, Peter Steenkamp in Cape Town on 6 February.

As part of Harmony Gold’s current strategy to source a minimum of 30% of its energy mix from renewable energy by 2027 and reach net-zero emissions by 2045, the third phase of the company’s renewable power target will cover the requirement for baseload power. As such, the intermittent nature of renewable energy sources such as wind and solar will require Harmony Gold to implement a more resilient baseload generating option, such as LNG or green hydrogen.

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Energy Capital & Power

Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.