Siemens Energy and the Egyptian Electricity Holding Company have signed a memorandum of understanding to collaboratively create a hydrogen-based business in Egypt with export potential.
At a ceremony in Cairo observed by H.E. Mostafa Madbouli and H.E. Mohamed Shaker, Christian Bruch, President and CEO of Siemens Energy, and Gaber El- Dessouki, Chairman of the Board of Directors of the Egyptian Electricity Holding Company (EEHC), signed the agreement.
The deal builds on a memorandum of intent inked by Siemens Energy and EEHC in January and lays the groundwork for long-term collaboration to scale up Egypt’s hydrogen-based sector. Siemens Energy and EEHC will work together to increase investment, technology transfer, and project implementation in Egypt for hydrogen production using renewable energy.
Siemens Energy and EEHC will develop a pilot project with 100 to 200 MW of electrolyzer capacity as part of the first steps, which will help to drive early technology deployment, establish a partner landscape, establish and test regulatory environment and certification, setup off-take relations, and define logistic concepts.
Egypt has a diverse range of renewable energy resources, a strong industrial base, well-developed infrastructure, and market access, all of which provide a strong foundation for the development of a thriving green hydrogen economy.
Siemens Energy can deliver innovative technologies encompassing renewable energy, hydrogen generation, and logistics, as well as financial and technical assistance, as a leading energy technology solutions supplier with a long history of supporting Egyptian growth.
“We are proud to extend our long history of collaboration with Egypt into this emerging industry that has the capacity to significantly decarbonize industry and expand economic diversity. The development of a homegrown hydrogen ecosystem and value chain in Egypt has the potential to deliver a more sustainable and prosperous future for Egyptians,” said Christian Bruch.
“This agreement will support EEHC and the Egyptian state in opportunities to localize and maximize the use of the green hydrogen industry. With a track record of jointly delivering projects of strategic importance for Egypt, Siemens Energy is the ideal partner. Together, we will seek to benefit from our human resources, our trained cadres, and our abundant natural resources of renewable energy in establishing an industrial sector based on green hydrogen in Egypt,” said H.E. Mohamed Shaker