After achieving self-sufficiency in natural gas, Egypt is aiming for more sustainable energy consumption. The country is stepping up efforts to produce green hydrogen and attract leading players in this context.
On August 24, the German engineering company Siemens announced that it will develop green hydrogen projects for potential export from Egypt. This is part of a memorandum of understanding signed with the public energy company Egyptian Electricity Holding (EEHC).
Under the terms of the cooperation, the two sides will promote investment, technology transfer and project implementation. They also agreed on a pilot project capable of generating between 100 and 200 MW of energy. The green hydrogen production platforms will operate from the electrolysis of water powered by renewable energies.
“The development of a hydrogen ecosystem and value chain in Egypt has the potential to provide a more sustainable and prosperous future for Egyptians,” said Christian Bruch, CEO of Siemens Energy. Mohammed Shaker, Egypt’s Minister of Electricity, said the deal will support EEHC and the Egyptian state in the possibilities of developing and maximizing the use in the green hydrogen industry.
The two partners did not insist on the aspect linked to the export of the green hydrogen that will be produced. A few months ago, Egypt and Eni announced that they would examine the possibilities of jointly investing in green hydrogen in the North African country.