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$3B plan to boost battery storage
Egypt plans to invest 3 billion dollars to increase electricity storage battery capacity by 408%, through adding 5 gigawatts/hour of solar energy to the grid by 2027. This investment aims to raise the total storage capacity to approximately 6.2 gigawatts/hour, up from the current 1.22 gigawatts/hour, in order to enhance reliance on clean energy and address challenges related to the intermittency of renewable generation. Additionally, Egypt has launched extensive projects across multiple regions to support this approach and has joined a global alliance to support battery storage technology. Remarkably, Egypt has already surpassed its 2030 target, increasing storage capacity to around 3.32 gigawatts/hour ahead of schedule.
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