Germany’s Siemens Energy has signed a memorandum of understanding (MoU) with the Egyptian Electricity Holding Company (EEHC) to jointly develop a hydrogen-based industry in Egypt with the capability for export. The agreement builds on a memorandum of intent signed in January by Siemens Energy and EEHC and it lays the groundwork for long-term collaboration to scale up Egypt’s hydrogen-based sector. The partnership will jointly promote investment, technology transfer, and implementation of projects related to hydrogen production, based on renewable energy in Egypt.
The partnership will pursue the development of a pilot project with 100 to 200 MW of electrolyser capacity, which will aid in driving early technology deployment, establishing a partner landscape, establishing and testing regulatory environment and certification, setting up off-take relations, and defining logistic concepts.
Egypt aims to produce 43 per cent of its power from renewable energy by 2035. In March 2021, EEHC signed in March an agreement with Belgium’s DEME group to explore the production of green hydrogen in the North African country. In July, Eni signed an agreement with EEHC and the Egyptian Natural Gas Holding Company to assess the technical and commercial feasibility of projects for the production of hydrogen in the country. The two companies will explore the production of green hydrogen from renewables and blue hydrogen through the storage of CO2 in the depleted gas fields.
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