Electricity minister meets Amazon-backed nuclear company with South African ties

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 67%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The company in question counts at least two South Africans in its scientific and engineering leadership as well as a South African-owned venture capitalist firm as one of its biggest investors.

Minister of Energy and Electricity Kgosientsho Ramokgopa recently met with a nuclear reactor company that has received a $300-million funding injection from Amazon, RapportRamokgopa’s office told the publication that the minister visited US-based X-energy’s facility on Friday to assess its capabilities.

These spheres generate heat, which is transferred by helium to boil water and generate steam to turn a turbine, which produces electricity. The involvement of Amazon will be key to streamlining and ramping up SMR production, according to South African venture capitalist André Pienaar.Pienaar previously said that C5 Capital was working to raise a further R9 billion to build a 320MW power plant in the Western Cape.

Mulder was also the North-West University Potchefstroom Post Graduate School for Nuclear Sciences and Engineering director and a professor in the School of Mechanical and Nuclear Engineering. However, the power utility has been experiencing significant delays with the plant’s 20-year life extension programme.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 11. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

How South African companies can slash their electricity bill with MetSolarMetSolar is a leading South African solar power solutions provider, and through professional engineering and installation, the company helps businesses save big on their electricity bills.
Källa: mybroadband - 🏆 11. / 67 Läs mer »