Browsing: REGIONAL

While startups in the United States, Australia, and Spain have already embarked on drilling projects to uncover naturally occurring hydrogen reserves, Switzerland is the latest entrant in the race, and early surveys indicate promising results on its home turf.

Egypt’s Minister of Electricity and Renewable Energy, Mohamed Shaker, recently sat down with Andreas Matthe, CEO of Siemens Smart Infrastructure’s Electrical Products Business Unit. The meeting, attended by Mostafa El-Bagoury, CEO of Siemens Egypt, and Mohamed Badran, Head of Siemens Egypt’s LV and MV business, aimed to explore collaboration opportunities in Egypt’s electricity and renewable energy sector and potential investments.

AM Green, a hydrogen and ammonia producer, has set its sights on a monumental expansion, and it’s attracting significant financial backing. Owned by the founders of India’s renewable energy giant, Greenko Energy Holdings, AM Green is in the midst of raising an impressive $1 billion to fuel its ambitious growth.

The International Renewable Energy Agency (IRENA) projects that hydrogen and its derivatives could constitute a substantial 14% of the world’s total final energy consumption by 2050. With the urgent need to limit global temperature increases to 1.5 degrees Celsius, green hydrogen is seen as a key player in achieving this ambitious goal.