IFC Grants $3 Million for Fuel Cell Project in South Africa

[RenewableEnergyAccess.com] The International Finance Corporation (IFC), the private sector of the World Bank Group, awarded a $3 million grant to IST Holdings and Plug Power to install 400 fuel cells in remote locations and cities of South Africa over the next three years. The fuel cells will provide a reliable source of electricity and replace polluting technologies such as diesel generators. The 5 kW fuel cell systems will be produced by Plug Power and will be imported, distributed, installed, and maintained by IST Holdings, a South African company based in Pretoria. IST is recently on record for already having placed the order for 80 GenCore backup Fuel Cell Systems, which represents Plug Power’s largest purchase order of its kind to date. The project is worth a total of $14 million.
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