Sterlite Power, an Indian infrastructure giants, is reportedly aiming to invest $6 billion in an ambitious green hydrogen grid project in Egypt, according to recent reports from Zawya.
The global demand for hydrogen, projected to reach 87 million metric tons by 2030, underscores the potential scale of the industry’s growth. Given that green hydrogen could account for up to 10% of this total, initiatives such as the one proposed by Sterlite Power are pivotal. Hydrogen, especially when produced using renewable energy, offers the possibility of reducing unfavorable carbon emissions on a significant scale.
In Egypt, the potential for renewable energy is remarkable. The nation aims to raise the share of its energy coming from renewables to 42% by 2035. With its extensive sun-drenched deserts and strong wind currents, Egypt provides a strategic location for such a green hydrogen project. Sterlite Power’s plan suggests not only producing green hydrogen but potentially establishing a distribution grid that could supply both domestic needs and export demands, particularly to energy-hungry European markets.
To turn this vision into a reality, collaboration between government bodies, technology companies, and financiers is crucial. Partnerships could help lower initial costs, share technological expertise, and ensure regulatory frameworks support and expedite development.
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