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Electricity Minister announces energy storage projects
Egypt's Minister of Electricity and Renewable Energy signed two agreements to establish battery-based energy storage stations in Zafrana and Benban, with a total capacity of up to 1,500 megawatt-hours. Additionally, an agreement was signed to build a factory producing battery systems with an annual capacity of 3,000 megawatt-hours. The projects aim to enhance grid stability, support renewable energies, and reduce dependence on fossil fuels, as part of Egypt's energy transition plan and its goal to increase energy storage capacity to 14,320 megawatt-hours by 2028. The contracts were signed in the presence of officials and representatives from international companies, reflecting the government's commitment to energy storage technology projects and the localization of industry in Egypt.
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