Energy storage policy cairo

How can Egypt store electricity?

Egypt has been looking at a number of ways to store electricity as part of its ambitions to grow renewable energy capacity to cover 42% of the country’s electricity needs by 2030. These include upgrading its power grid and incorporating pumped-storage hydroelectricity stations to help store electricity for future use.

Does Egypt need EEHC & Scatec?

The Egyptian Cabinet has already approved the cooperation agreement between EEHC and Scatec. This decision aligns with the government's commitment to increasing the country's renewable energy capacity. By embracing projects like the solar and battery storage initiative, Egypt aims to diversify its energy sources and reduce its carbon footprint.

Can batteries solve Egypt's Electricity oversupply problem?

Egypt is exploring the potential of energy storage through batteries to combat our electricity oversupply problem: As Egypt continues to suffer from a major oversupply of electricity, the country is in need of new ways to tackle the issue.

Will EGP 2 trillion be needed in Egypt's energy sector?

The International Finance Corporation (IFC) believes that EGP 2 Trillion are required to brought into Egypt’s energy sector in climate-smart investments by 2030. Egypt is expected to overtake South Africa in the next decade to become the largest electricity market in Africa.

How can Egypt facilitate future exchange of electricity across the Mediterranean?

Egypt continues to work with the European Union to evaluate feasible options to facilitate future exchange of electrical power across the Mediterranean, particularly from renewable energy sources, through possible interconnections between Tunisia and Italy, and potentially between Egypt, Cyprus and Greece.

How much energy will Egypt need by 2030?

Egypt will need significant investment in energy capacity by 2030 in order to meet the rising energy needs of the country, with demand expected to increase by almost 120% over the period. The Reference Case sees investment in renewable energy capacity averaging USD 2.5 billion per year to 2030.