Egypt and China explore work on energy storage: Egypt’s Electricity and Renewable Energy Minister Mohamed Shaker signed an MoU with state-owned China Energy Engineering Corporation — also known as Energy China — to undertake a feasibility study on the establishment of a 2 GW pumping and energy storage facility in Egypt, according to a statement released on Thursday. The Chinese firm would build the plant under a build, own, operate (BOO) framework if the study proves the project viable, the statement notes. There are no further details on the nature of the project or its location.

Part of Energy China’s wider plans for Egypt and MENA: The company signed a framework agreement for its USD 6.75 bn green hydrogen plant that will span 500k square meters and generate 210k tons of green hydrogen annually. The green hydrogen will serve as feedstock to generate 1.2 mn tons of green ammonia per annum. Aside from Egypt, China Energy also inked an agreement with Morocco’s Gaia Energy and Saudi Arabia’s Ajlan & Bros to build a green hydrogen production facility in Morocco that would be powered by a 2 GW solar energy farm and a 4 GW wind power plant to produce 1.4 mn tons and 320k tons of green hydrogen annually.

AND- Germany agrees to expand cooperation on green energy: Egypt’s Trade Minister Ahmed Samir and Germany’s Federal Minister for Economic Affairs and Climate Action Anja Hajduk signed an agreement to expand cooperation on climate action and renewables, according to a statement released on Friday. Samir noted that Egypt wants to increase its production capacity from renewables and green hydrogen under targets to source 42% of its power from clean energy by 2035, and several companies participating in the Egyptian-German Economic Committee meeting last week said they are currently eying development projects in Egypt’s green hydrogen sector, according to a separate statement. Samir also expressed Egypt’s interest in attracting German automakers to the Egyptian market to help localize EV production. Germany and Egypt are currently undertaking studies on the establishment of a German industrial zone in Egypt’s Suez Canal Economic Zone, the statement notes.