Masdar signs deal for major green hydrogen projects in Egypt

Masdar says Egypt’s abundance of solar and wind will “allow generation of renewable power at a highly competitive cost – a key enabler for green hydrogen production.”Ute Grabowsky | Photothek | Getty ImagesThe UAE’s Masdar and Egypt’s Hassan Allam Utilities have signed agreements with state-backed Egyptian organizations that will see the parties work together on the development of large-scale green hydrogen projects.In an announcement Sunday, Masdar — which is owned by Abu Dhabi state fund Mubadala — said the two agreements related to facilities earmarked for the Mediterranean coast and Suez Canal Economic Zone.The projects in Egypt are aiming for an electrolyzer capacity of 4 gigawatts by the year 2030, with production of as much as 480,000 tons of green hydrogen annually.Described by the International Energy Agency as a “versatile energy carrier,” hydrogen has a diverse…

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