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Egypt to Invest USD 4 Billion in Green Hydrogen Gas

Egypt is injecting USD 4 billion into a massive green hydrogen project, which will generate comparatively sustainable hydrogen fuel from renewable sources instead of fossil fuels.

Egypt is embarking on a massive new sustainability project valued at USD 4 billion, generating green hydrogen using water electrolysis. Green hydrogen is a hydrogen fuel that is made from renewable energy instead of fossil fuels.

 

The project is still in its early stages, with the Ministry of Electricity and Renewable Energy currently performing feasibility studies. Over 7,000 square kilometres have been reserved for the project, which will be able to produce 90,000 megawatts.

 

The Ministry of Electricity and Renewable Energy hopes to make 42% of Egypt’s total energy sourced from renewable sources by 2035. However it looks like things are moving ahead of schedule, with the total going up to 20% by the end of 2021.