Clean, dependable Energy for All Africans

8 Rivers Capital and Monetizing Gas Africa Inc. to collaborate on development of innovative clean energy solutions in South Africa

11/10/21 (10 November, 2021) US clean energy innovation firm 8 Rivers Capital, LLC (8 Rivers), and Monetizing Gas Africa (Pty) Ltd. (MGA), have this week signed an initial agreement for the collaboration on projects to deploy innovative clean technology in South Africa based on the 8 Rivers’ technology suite to provide clean, efficient, and low-cost carbon-free hydrogen, power and fuels.

8 Rivers and MGA will consider the potential decarbonizing of Liquified Natural Gas (LNG) imports in South Africa, whereby the resulting CO2 from the use of LNG is fully captured and disposed of to assist South Africa to further mitigate its over-dependence on emitting coal-fired power, and to help meet its expected COP26 emissions reduction NDCs (Nationally-Determined Contributions) while also alleviating its severe energy crisis. The initial step in the process will be for the parties to assess the viability, siting, and funding for a zero emissions LNG project, a process which is expected to commence early in 2022.  

MGA and 8 Rivers both recognize the opportunity to deploy clean hydrogen, power and fuels projects given the global energy transition amidst efforts to decarbonize the global energy sector, and are pleased to be able to work together to achieve this important goal, and recognize that bringing decarbonized projects to Africa will also serve as a critical vector for social and economic development for the region, helping Africa to ‘leap-frog’ into a low-emissions future.

Cam Hosie, Chief Executive of 8 Rivers Capital commented: “8 Rivers has been driving the energy transition for over a decade, developing best-in-class net zero solutions across sectors. We look forward to working closely with Monetizing Gas Africa to help South Africa and the broader region to utilize advanced technologies to cost effectively move to a low-carbon economy and a sustainable future.”

 Rodney MacAlister,  CEO of Monetizing Gas Africa. commented: “MGA is a South Africa born and bred energy project development company eager to assist the country with its Just Energy Transition in the cleanest of ways. 8 Rivers’ carbon-neutral technologies and development experience will enable South Africa to balance its generation supply dependability while ensuring zero carbon escapes into the atmosphere. We very much welcome this collaboration and look forward to jointly progressing major project developments.” 

 

MEDIA CONTACTS

Adam Goff Rod MacAlister

8 Rivers Capital Monetizing Gas Africa (Pty) Ltd.

E: adam.goff@8rivers.com E: rmacalister@monetgas.com

 

NOTES TO EDITORS

ABOUT 8 RIVERS CAPITAL LLC 8 Rivers Capital, LLC is a Durham, NC-based firm leading the invention and commercialization of sustainable, infrastructure-scale technologies for the global energy transition.  8 Rivers Capital is the inventor of the Allam-Fetvedt Cycle, a paradigm-changing net zero power solution. 8 Rivers is also focusing on developing and deploying technologies for clean hydrogen and ammonia (8RH2), direct air capture, retrofit carbon capture, sour gas sweetening, and other advanced energy systems.  www.8Rivers.com.

ABOUT MONETIZING GAS AFRICA (PTY) LTD Monetizing Gas Africa was conceived and incorporated in Cape Town in 2014, with a US affiliate incorporated in 2015. Originally established as a midstream gas infrastructure operator for Sub-Saharan Africa, the firm and its team have evolved over the years into a power project developer, since power is the anchor usage for gas, with much upside available through its many other applications. www.monetgas.com  

 

Monetizing Gas Africa has evolved since its creation in 2014 as a standard midstream gas infrastructure developer and operator into a more diversified power and energy infrastructure company. In step with the entire world’s pursuit of a “net zero” carbon energy economy by 2050, we help reduce coal, oil, diesel and HFO-based power with gas, providing the benefit of a two-thirds emissions reduction and a boost to renewables through balancing intermittency. 

Our team is composed of Africans and career “Africanists”, headquartered in South Africa. Our preferred role is as Project Developer in collaboration with IPPs, fuel providers, EPCs, banks and equity investors. We also seek partnership with renewable energy developers who agree on the sense of working synergistically, through hybrid project design or other forms of association. We are as comfortable working on water as we are on land, and in most respects prefer marine technologies. 

On the Energy Transition page of this site, please read our analysis of this global project from an African perspective. We call for a balanced understanding of the development needs across Africa in the climate change context. Approximately two-thirds of Africans do not enjoy access to electricity – reliable or otherwise. This energy poverty is a source of disease, malnutrition, unemployment and social ills. Further, the equivalent of 10 million barrels a day of oil are consumed by Africans burning wood for cooking and heating, with fire risk and resulting smoke inhalation a major health detriment. Simply moving from burning wood to gas is a huge step in cleaning the African energy system {source: International Gas Union}.

The MGA enterprise consists of two companies: one US (Delaware) corporation and one a South African Pty Ltd. This enables us to work in and through whichever entity is best suited to a given context. The South African company was recently acquired by The MacAlister Group & Associates, a consulting and advisory company which has done work for various clients since 2014, and shares will soon be made available to B-BBEE investors for the co-ownership of Monetizing Gas Africa (Pty) Ltd. 

While enjoying a wide network and industry recognition, we are always seeking fresh contacts and the exploration of common interests.