South Africa is set to receive approximately R628 million in grant funding from the European Union to advance its green hydrogen initiatives. The announcement was made during a media briefing attended by key officials from South Africa and the EU. The grants, totaling close to R100 million and almost half a billion Rand respectively, will be allocated towards the implementation of strategies for Transnet and the development of infrastructure in the green hydrogen value chain. The focus of the grants is to enhance the local economy, promote industrial growth, and support the knowledge economy in South Africa. Ministers emphasized the strategic importance of green hydrogen for the country's reindustrialization efforts. They highlighted South Africa's rich mineral resources, local beneficiation capabilities, and the potential to tap into lucrative markets like the European Union. The EU's willingness to pay a premium for green hydrogen presents a valuable opportunity for South Africa to capitalize on its resources for economic growth and to assist the EU in meeting its clean energy targets. Furthermore, the grants are expected to contribute to South Africa's net zero targets by facilitating the greening of key industries and regions. The collaboration with the Industrial Development Corporation will play a crucial role in the commercialization of green hydrogen, guided by the Ministry of Energy and Electricity. The support from the EU grants is seen as a significant step towards decarbonization, economic development, and strategic partnerships in the green energy sector.