The agreement 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.
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.
“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
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.
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.