Speaking at the fifth Innovation Summit in Johannesburg, Lennon said that the power sector has been "on a roller coaster for many decades." He also believes that there's a "big gap in access to advanced forms of energy across the African continent. So - do we accept or address the situation?"
The Innovation Summit is a two-day annual event that seeks to bring together entrepreneurs and creative thinkers from academia, private companies and government to network, share ideas, and pitch concepts to potential funders. Lennon said that South Africa's power sector presents a number of challenges and opportunities. Since 1994 the economy has grown by 70% while the power supply has not kept pace, growing by just 17% in comparison.
In addition, the world has to adapt to a changing climate, and companies, big and small, are under pressure to reduce their carbon footprint and impact on the environment. In addition, he said, "there are 2.5-million people who have no access at all to any form of electricity - we need to bridge that gap, because poverty holds people back from success," ESI-Africa reports.
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