Cairo energy storage industry

In Cairo, the energy storage industry is expanding, with a recent memorandum of understanding signed to establish a battery storage factory in collaboration with UAE's Global South Utilities and China's WEIHENG1. This factory aims to enhance Egypt's energy storage capabilities, addressing the country's electricity oversupply issues. Additionally, Scatec has signed a Power Purchase Agreement for a solar power plant that includes a 100-megawatt battery energy storage system, further contributing to the growth of the energy storage sector in Egypt2. Arab Finance: Egypt's Industrial Modernization Center (IMC) has signed a memorandum of understanding (MoU) with UAE's Global South Utilities and China's WEIHENG to establish an energy storage battery factory in Egypt, as per a statement. Scatec, a Norway-based renewable energy company, has signed a 25-year Power Purchase Agreement (PPA) with Egypt Aluminium. The agreement covers a 1.1-gigawatt (GW) solar photovoltaic (PV) power plant with a 100-megawatt (MW) battery energy storage system (BESS) with 200-megawatt hours (MWh) of.