Egypt has become one of the main leaders on the African continent in renewable energy production
Cairo, August 26 - Neftegaz.RU.
Siemens Energy has signed a MoU with the Egyptian Electricity Holding Company (EEHC) to jointly develop hydrogen
-based industry in Egypt
with export capability.
The agreement was signed by Christian Bruch, CEO of Siemens Energy and Gaber El- Dessouki, Chairman of the Board of Directors of the EEHC.
Energy and EEHC will jointly promote investment, technology transfer, and implementation of projects related to hydrogen production
, based on renewable energy in Egypt.
Christian Bruch said:
- We are proud to extend our long history of collaboration with Egypt into this emerging industry that has the capacity to significantly decarbonize industry and expand economic diversity
The development of a homegrown hydrogen ecosystem and value chain in Egypt has the potential to deliver a more sustainable and prosperous future for Egyptians
Egyptian Minister of Electricity & Renewable Energy Mohamed Shaker noted:
- This agreement will support EEHC and the Egyptian state in opportunities to localize and maximize the use of the green hydrogen industry
Together, we will seek to benefit from our human resources, our trained cadres, and our abundant natural resources of renewable energy in establishing an industrial sector based on green hydrogen in Egypt
As part of initial steps, Siemens Energy and EEHC will pursue the development of a pilot project, comprising 100 to 200 MW of electrolyzer
capacity, which will help to drive early technology deployment, establish and test regulatory environment and certification, define logistic concepts.
A few years ago, Cairo set a target of producing 42% of its electricity from renewable sources by 2035 and 20% by 2022.
Egypt is also home to the Benban solar plant, the 4th
largest solar power
plant in the world, with a total capacity of 1,650 MW