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Electricity Minister signs energy storage deals
Egypt has signed two agreements to establish separate energy storage stations with battery systems, each with a capacity of 1,500 megawatt-hours in Zafarana and Benban. Additionally, an agreement was signed to establish a factory for producing battery systems with an annual capacity of 3,000 megawatt-hours. These projects aim to enhance the stability of the electric grid, support renewable energy sources, and reduce reliance on fossil fuels, as part of an ambitious plan to reach energy storage capacities of 14,320 megawatt-hours by 2028. The signing took place concurrently with the country's move toward energy transformation and the localization of renewable energy battery manufacturing.
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