Norwegian company Scatec is making significant strides in Egypt’s renewable energy landscape as it seeks partners for four groundbreaking hydrogen projects. The aim is to produce hydrogen and its derivatives, with a focus on sustainability and environmental responsibility.
Egypt is on the verge of securing a game-changing investment deal worth $16 billion with two prominent Indian companies, ACME Group and Ocior Energy.
Hydrogen Egypt is eyeing expansion into the Saudi Arabian market. Engineer Khaled Naguib, Chairman of the Board of Directors of Hydrogen Egypt, revealed that the company views the Saudi market as exceptionally promising for hydrogen, particularly in the context of supplying clean energy to the growing Asian market.
Dubai-based renewable energy firm, AMEA Power, has unveiled ambitious plans to construct a groundbreaking green hydrogen facility in Mombasa, Kenya.
Kenya has secured a groundbreaking deal with the European Union (EU) to receive approximately Sh1.9 billion (€12 million) in grants for its budding green hydrogen industry.
Rabah Arezki, the director of research at the French National Center for Scientific Research (CNRS), warns that the focus on hydrogen could potentially divert attention from pressing domestic social issues, particularly those linked to the migration crisis.
Ahmed Rizk, a representative of the United Nations Industrial Development Organization (UNIDO), highlighted that Egypt’s journey into green hydrogen dates back to the 1960s when it embarked on this sustainable path with the establishment of the Aswan High Dam. This pioneering approach positions Egypt as one of the earliest adopters of green energy initiatives globally.
A recent report from Deloitte, a global professional services firm, underscores the potential of green hydrogen to revolutionize our energy landscape. From its role in slashing emissions-intensive sectors to its projected market value surpassing liquid natural gas trade, the journey to a cleaner, sustainable energy future seems promising, albeit requiring substantial investments.
In a bid to strengthen bilateral cooperation and foster sustainable development, Egyptian Minister of Petroleum and Mineral Resources, Tarek El-Molla, engaged in discussions with South Korean Ambassador to Cairo, Kim Young Hyun.
Nedbank Namibia’s resolute investment of N$350,000 into the national Green Hydrogen Project has set the stage for Namibia’s foray into the burgeoning green hydrogen economy.
