Green energy forum helps cairo build energy storage center

How has Egypt bolstered green hydrogen ambitions?

1. Egypt bolsters green hydrogen ambitions Egypt has opened the door to $40 billion of investment in green hydrogen and renewable technology by signing seven memoranda of understanding with international developers in the fields.

Will Egypt develop green hydrogen?

Late in August, the Egyptian government signed an MoU with Globeleq and Actis, two UK-based companies specialised in renewable energy, to develop green hydrogen. The project will be developed over three phases, totalling 3.6 GW of electrolysers and around 9 GW of solar and wind power generation.

Will Egypt be able to harness renewables for hydrogen production?

The move follows Egypt’s Petroleum Minister, Tarek El Molla, saying the country planned for renewables to make up 60% of its energy mix by 2030. Its location in the global “sun belt” means it averages 9-11 hours of sunshine a day, with few cloudy days, giving it high potential for harnessing renewables for hydrogen production.

Why did Egypt sign a MoU on hydrogen and green ammonia?

Egypt recently signed a number of MoUs on hydrogen and green ammonia production with international partners as part of the country's efforts to attract foreign investments into green hydrogen production in order to become a transit route for clean energy to Europe.

What is Egypt's Green Hydrogen strategy?

Egypt’s green hydrogen strategy, implemented in cooperation with the European Bank for Reconstruction and Development (EBRD) and the Arab Union for Sustainable Development and Environment (AUSDE), seeks to help Egypt contribute to 8 percent of the global hydrogen market, the Cabinet said in a statement on Saturday.

What is a large-scale energy storage project?

The project aims at providing the scientific, technological and policy basis required for the development and implementation of large-scale energy storage in Egypt, enabling increased penetration of renewable energy sources in the Egyptian energy system.