EGYPT – Siemens Energy, an energy company formed by the spin off of the former Gas and Power division of Siemens Group, has signed a memorandum of understanding with the Egyptian Electricity Holding Company to jointly develop hydrogen-based industry in Egypt with export capability.
The agreement builds on a letter of intent signed in January between Siemens Energy and EEHC and provides the basis for establishing and developing long-term cooperation to scale up hydrogen-based industry in Egypt.
Siemens Energy and EEHC will jointly promote investment, technology transfer, and implementation of projects related to hydrogen production, based on renewable energy in Egypt.
It was signed by 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), at a ceremony in Cairo, witnessed by H.E. Mostafa Madbouli and H.E.Mohamed Shaker.
“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,” said Christian Bruch.
“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.”
“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.”
As part of initial steps, Siemens Energy and EEHC will pursue the development of a pilot project, comprising 100 to 200 MW of electrolyzer capacity, 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.
“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,” said H.E. Mohamed Shaker.
“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.”
Egypt has a rich mix of renewable energy resources, a strong industrial base, developed infrastructure and access to markets, providing a solid foundation on which to develop a robust green hydrogen industry.
As a leading energy technology solutions provider, with a long legacy of supporting Egyptian development, Siemens Energy is able to provide innovative technologies spanning renewable energy, hydrogen production, and logistics, as well as financial and technical assistance.
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