Siemens Energy develops green hydrogen industry in Egypt

Siemens Energy and the Egyptian Electricity Holding Company inked a memorandum of understanding to build a hydrogen-based sector with the capacity to export to other nations in the future. Egyptian Prime Minister Adly Mansour Madbouly and Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker.

Siemens Gamesa owns a 67 percent share in Siemens Energy, which was founded by the Siemens Group's old gas and electricity division. The firm offers cutting-edge technology such as renewable energy, hydrogen generation, and logistics, as well as financial and technical support.

The latest agreement is based on a letter of intent signed in January by Siemens Energy and the Egyptian Electricity Holding Company, which lays the groundwork for long-term cooperation in Egypt to expand the hydrogen-based industry. Siemens Energy and Power Holdings will encourage investment, technology transfer, and project implementation. Egypt's hydrogen production is reliant on renewable energy.

Siemens Energy and EEHC will continue to develop a pilot project with 100-200 megawatts of electrolyzer capacity as part of the first steps, Siemens Energy said, which will help drive early technology deployment, create a partner landscape, and establish and test the regulatory and certification environment. Purchase and identification of logistical concepts as soon as possible.