Namibia Hydrogen Fund Managers (Nam-H2 Fund Managers) has appointed former Standard Bank Namibia Holdings Chief Executive Officer, Mercia Geises, as its new CEO.
Nam-H2 Fund Managers, an infrastructure asset management firm, was established to spearhead the incubation of Namibia’s synthetic fuels sector.
Through its flagship initiative, the SDG Namibia One Fund, the firm recently facilitated the Namibian government’s acquisition of a 24% equity stake in Hyphen Hydrogen Energy.
Hyphen Hydrogen Energy, a joint venture between Nicholas Holdings Limited and ENERTRAG SE, was selected by the Namibian government as the preferred bidder to develop the country’s first green hydrogen project.
The landmark project, upon completion, is projected to produce two million tonnes of green ammonia annually, powered by approximately 7GW of renewable energy generation capacity and 3GW of electrolyzer capacity. The project aims to reduce carbon emissions by an estimated 5-6 million tonnes per year.
The SDG Namibia One Fund serves as the country’s dedicated green hydrogen financing vehicle, playing a central role in supporting Namibia’s green hydrogen initiatives.
The fund will oversee infrastructure projects vital to the production, transportation, transmission, storage, and utilization of green hydrogen and its derivatives.
The establishment of these projects is expected to significantly contribute to Namibia’s energy transition by creating jobs, reducing emissions, and driving sustainable economic growth while positioning the country as a key player in the global green hydrogen market.
