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Introducing Mito At the core of Mito’s genesis, which started in 2007, is the idea that Africa needs to use its rich mineral resource base to participate in global value chains that also assists it to meet the basic needs of its people. A case in point is the minerals such as the platinum group metals (PGMs) and vanadium which are energy critical elements used in energy generation and storage technologies. South Africa and Zimbabwe are home to the largest deposits of these metals and are renowned for being the largest producers and exporters of these metals. Their participation in the high-end value adding part of their global value chain is minimal.

South Africa has been going through an energy crisis since 2008 while the rest of the continent is energy poor. It is within this context that Mito was conceived and established in 2012 with a quadruple imperative of energy services provision, resource-based industrialisation, new industry development in which, by virtue of the technologies we are working with, the development of the PGMs market is central; and climate-change mitigation. Mitochondria Energy Company is a technology agnostic (gas to power, energy storage etc), customer-centric and service-dominant business which is committed to contributing to a future in which sustainability (defined by Wikipedia as “the capacity of a system to endure and remain functional and productive over time”) will become the de facto standard of how people live and conduct their business. Nature is replete with energy generation technologies that use many different forms of energy resources such as nuclear fission in stars, wave energy from the oceans, chemical energy from cellular organisms such as mitochondria. A comparative analysis of these energy resources is provided below. The graphic shows how renewable energy resources are by far the most abundant. In fact, our name, is borrowed from the biological organelle which provide energy in animal and plant cells. It reflects our commitment to providing value-adding energy solutions which mimic the ebb and flow of the direction in which the global energy system is moving. This is a trend toward cleaner, less carbon-intensive, decentralised, distributed, on-site and at-point-of-use systems in smart, networked environments. In other words, intelligent energy networks—the power generation and delivery systems of the emerging future.

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Our Purpose, Vision & Mission

We exist to ensure that sustainable energy services – which are fundamental to life, to social and economic institutions, and to socio-economic development – are available to all.

The vision that fuels our business is the provision of affordable, reliable and sustainable renewable energy services to all, all the time, anywhere, where and when they are needed.

Our mission is to power Africa through smart energy-ecosystems and sustainable partnerships.

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Our values Sustainability: We are committed to a future in which sustainability will be the de facto standard of how business and people conduct themselves. Service dominant logic: The fundamental basis of economic and social exchange is

service and not goods.

Integrity, Accountability and Ethics: We believe that Integrity = accountability +

competence + ethics, in the so-called old values of “our word is our honour”.

The Business Ecosystem: At the core of who we are is the recognition and appreciation of

the business ecosystem within which we operate - the network and web of co-evolving and interacting stakeholders without whom our business would not exist.

Reciprocity: Tshanda Iya, Tshanda Vhuya, which means reciprocity in the Venda

language. More easily understandable in Sanskrit as “Ka me Ka thee” principle of mutuality and reciprocity.

Courage and Resilience: We are committed to the conscious pathway of choice and

resilience expressed in the courage to be and to affirm who we are and to venture out and go beyond the limit of the possible and to avoid operating our business in uncreative stagnation.

Ubuntu, Namaste, Metta’ and loving kindness: We recognise, respect, bow and adore

the humanity in others without regard to race, colour, sex or creed in the true spirit of Namaste and interact with all on the basis of Metta’ and ubuntu- loving kindness and friendship.

Wabi Sabi Passionate Learning Organization: We are committed to the Japanese

philosophy of wabi sabi. In this life everything is impermanent, incomplete and imperfect. We must therefore be a learning organisation that will make mistakes but will passionately be improving all the time.

Wu Wei and Emergence: We believe in action with no action, naturalness, spontaneity,

“going along with the flow” and what may be termed the pathless way.

The Social Responsibility of Business and Datong: Business can be used to promote

international understanding and peaceful co-existence.

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The Work We Do Off-Grid and Decentralized Energy Solutions

We create customised energy-services ecosystems for mission-critical, energy-intensive and mobile (motive) end-users such as those in the telecommunications, mining, chemicals, cement, hospitality, logistics and materials-handling sectors. The solutions we design are off-grid, decentralised, distributed, on-site and at-point-of-use, as well as grid-connected, value-adding systems. Mito is hard at work to unlock new energy-services markets and to leverage these market-development activities in order to promote the life-enhancing beneficiation of Africa’s mineral resources.

At heart Mito is a visionary company that co-inspires a change in paradigm from seeing energy as a cost to seeing it as a value-adding component of our clients’ business offering.

Emergency Power Solutions

In partnership with a Turkish Gas Engines and Independent Power Producer, Aksa Energy, Mito is able to assist customers with emergency energy solutions. Established in 1997, Aksa operated Turkey’s first Biogas Plant in Bursa in 1998. Later, to resolve the issue of energy supply in Turkey, Aksa constructed and started operating energy plants of various capacities across the country. Over time Aksa Energy diversified its investments and has now become the largest independent power producer (IPP) in Turkey withover 2.5GW of installed capacity in natural gas, coal, fuel oil,diesel, hydro-electric power plants and wind parks operating domestically and abroad.

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Electric Power Train Development (Project Prophit)

Mito also develops electric power trains for the mobility industries and to convert vehicles running on internal combustion engines such as buses, cars etc into electric vehicles.

Just Transition to a Sustainable Energy Future Solutions

One of the biggest challenges facing governments and business today is how to minimise the potential disruptive effects of transitioning to a low carbon energy future. In partnership with Ensight Energy, a multi-award winning energy design practice delivering transformational energy cost reduction programs to energy intensive industry, particularly in the mining and resources sectors we offer energy cost optimisation and sustainable energy system design, incorporating advanced energy efficiency using The Ensight’s Energy Leadership Program flagship service

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- a customised on-site program for companies looking to reduce carbon emissions, save costs and boost profits.

Our Technology Solutions Fuel Cells

A fuel cell is an electrochemical device which use low-to-zero carbon-content fuels to generate electricity. Fuel cells are the ultimate decentralising technology and are scalable from watts to multi-megawatt capacity. The fuel cell technology is over 160 years old and in the last 60 years has been developed and adapted for industrial and commercial applications. Mito is in the final advances of developing its own intellectual property in the Solid Oxide Fuel Cells technology which is most suitable for stationary energy generation applications.

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Energy Storage

Mito has the capability to develop its own Lithium Ion Batteries. Mito also has partnered with world leading storage technology companies such as Kokam Energy based in South Korea. Kokam manufactures over 100 different types of batteries for various applications. For customers who need high quality power for their most demanding applications.

Other Technologies

We also provide solutions that incorporates Gas Engines and Photovoltaic or PV cells (Solar power).

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Mito’s Ownership Structures Mito is a majority black owned company (60%) owned by Terracotta Resources and 40% owned by the Industrial Development Corporation.

Partners

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TERRACOTTA RESOURCES: Terracotta Resources is a South African investment holding company founded in 2002 with a vision to invest in sustainable solutions in the energy, water, materials and food sectors, as well as developing downstream beneficiation opportunities in the South African and African markets, specifically with the development of the hydrogen and fuel cell technologies market in mind. As a result of this vision, through the labours of Mashudu Ramano – co-founder and chairman of the company – Terracotta has succeeded in being instrumental in laying a foundation for the hydrogen and fuel cell industry in South Africa.

IDC: The IDC was established in 1940 and is owned by the South African government. It is a development finance institution with over $17 billion in assets. The corporation has a wide range of custom financial products to suit the needs of various projects. These include debt, equity and guarantees, or a combination of these instruments.

Our Team

Mashudu Ramano | CEO

The co-founder of Terracotta Resources and Mitochondria Energy Company, Mashudu is an entrepreneur and director with extensive experience in listed and unlisted companies in South Africa. With over ten years of experience in the energy sector, he serves on the board of Legend Power Solutions, a company which in partnership with International Power GDF Suez and Mitsui has built the Dedisa Peaking Power Project in Coega, Port Elizabeth and is busy completing the Avon peaking station just north of Durban— facilities which have power generation capacities of over 1000MW. He is also a director of Chevron South Africa. In the past he has served as Chairman of the boards of the Airports Company of South Africa, Johnnic Communications, African Harvest, Trade & Investment Limpopo and the Platinum Trust of South Africa, as well as a Non-Executive Director of Transnet, Johnnic Industrial Holdings, Coronation Holdings and Delta Electrical Industries. He was and is still active in the transformation of several sectors of the South African economy. These include: the accounting profession where he was an Executive Director of the Association of Black Accountants and the South African representative of the Chartered Association of Certified Accountants; the small business development sector where he has served the National Federated Chamber of Commerce and Industry (Nafcoc) as Gauteng region’s Secretary General and President, and also nationally as the chamber’s Secretary General, as well as both the Sunnyside Group and the Intsika Enterprise Development Agency (now government’s Small Enterprise Development Agency) as Chairman; notwithstanding the labour market where, in 1996, President Nelson Mandela appointed Mashudu to be a Commissioner of the Presidential Labour Market Commission. In the PGMs sector, among other things he has also been active in the Platinum Valley Development Initiative.

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Fana Marivate | CFO

Mitochodria’s CFO, Fana holds a BCompt (Hons) degree and a Diploma in Computer Auditing, and is a Chartered Accountant (SA). Spanning twenty years, his work experience is diverse and has encompassed development finance, fund management, tax consulting, consulting on business incentives, internal auditing and computer auditing. His previous experience includes: fund management at the IDC where he managed third-party donor funds administered by the IDC, as well as on-balance sheet, ring-fenced, concessionary IDC funds; Internal Audit Manager at Deloitte; later Business Development Manager in the Indirect Tax Division of Deloitte, specialising in international trade, customs and excise duties, and business incentives; Director at Xhikhova Advisory, a professional business consultancy specialising in various aspects of international trade; and Principal at The Access & Lobby Corp., a professional business consultancy which specialised in enabling industry to access government incentives programmes.

Jan van der Merwe | CTO Jan finished first in his electrical/electronic engineering faculty class at the North-West University, winning the South African Institute for Electrical Engineers top student award in 2009. He continued his studies and obtained a master’s degree in 2012, specialising in hydrogen energy. His previous work experience includes: working as a research engineer at HySA Infrastructure and as a system integration engineer at Hydrogenics in 2014, a leading hydrogen fuel cell developer on the international stage based in Toronto, Canada. His work on hydrogen energy has been presented in Germany, Canada and Switzerland, and has led to several internationally published papers. Jan is passionate about establishing and developing sustainable energy solutions in and around South Africa.

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Luvo Vanyaza | Project Development Engineer

Luvo holds an MSc in Sustainable Energy Engineering from the University of Cape Town which was a combination of coursework and a dissertation. His previous studies included BTech & MTech degrees in Chemical Engineering from the Cape Peninsula University of Technology (formerly known as Cape Technikon). Following his studies, Luvo worked for Fine Chemicals Corporation in the pharmaceutical industry and for Afrox Ltd in the industrial gasses industry. A concern for energy security and climate change in South Africa – but also throughout the world – kindled his passion to see the energy sector make the transition to low-carbon energy development. Luvo’s core values include respect for others, integrity and being assertive in a way that is not obstinate. He strives to improve our society by finding sustainable ways to use the resources we have. He enjoys working in intellectually-stimulating, innovative and challenging environments, and to have the freedom to initiate, develop and run with creative ideas.

Nkosikhona Nzimande | Project Development Engineer

Nkosikhona holds an MSc in Chemistry by dissertation from the University of the Witwatersrand. His research project was based on the synthesis and fabrication of manganese-based materials and their application in rechargeable aqueous sodium-ion batteries, the project was awarded a distinction. His previous studies include an Honours degree in Chemistry, where he worked on two projects; photodegradation of wastewater using Zinc Oxide, Palladium and Platinum as catalysts, and high-performance supercapacitor materials.  

He is a member of the International Society of Electrochemistry, served as a member of the Wits chemistry Society and Whizzbang. During his studies at the university, he was appointed as a lab waste management officer, lab demonstrator, student mentor, and research assistant. Apart from research, he has worked as a Music Director and Editor of ctrl-magazine. Nkosikhona is passionate about accelerating sustainable energy, manufacturing, industry 4.0 projects, and utilization of African resources within the energy mix.

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Mitochondria Energy Company (PTY) Ltd Reg. No. 2012/21594/07

w: +27 11 486 1555 f: +27 86 581 0694 e: info@mitochondria.co.za

www.mitochondria.co.za

94 Jan Smuts Avenue, Saxonwold, 2196, SouthAfrica | P.O Box 4769, Johannesburg, 2000

Winner of the Highly Commended SANEA (South African National Energy Association) Energy Project Award 2015 for innovation, initiative, role model, visionary qualities, international recognition and impact in South Africa

Credits:

1 Cover Photo by Hal Gatewood, ‘Nucleus’2 Sustainabe Energy Resources table sourced from the European Renewable Energy Council3 End Photo by Dominik Qn, ‘Bangkok Lightning Storm’