Siemens Energy has signed a memorandum of understanding with the Egyptian Electricity Holding Company to jointly develop the hydrogen-based industry in Egypt with export capability, the company has said in a statement.
The agreement is said to build on a letter of intent signed in January between Siemens Energy and EEHC.
It apparently provides the basis for establishing and developing long-term cooperation to scale up hydrogen-based industry in Egypt.
Siemens Energy and EEHC are expected to jointly promote investment, technology transfer, and implementation of projects related to hydrogen production based on renewable energy in Egypt.
As part of initial steps, Siemens Energy and EEHC will apparently pursue the development of a pilot project, comprising 100-200 MW of electrolyzer capacity.
This is expected to drive early technology deployment, establish a partner landscape, establish and test regulatory environment and certification, set up off-take relations, and define logistic concepts.
Siemens Energy said in its statement that Egypt has a rich mix of renewable energy resources, a strong industrial base, developed infrastructure, and access to markets.
This, it explained, provide a solid foundation on which to develop a robust green hydrogen industry.
The agreement was signed by Siemens Energy President and CEO Christian Bruch and EEHC Board of Directors Chairman Gaber El-Dessouki.
Bruch was quoted in the statement as saying: “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.”