(MENAFN- Daily News Egypt) Egypt is set to establish an international green hydrogen centre following an agreement signed between Nile University and the Green Hydrogen Organization (GH2) on the sidelines of the Egypt-EU investment Conference.
The signing was witnessed by Prime Minister Mostafa Madbouly and Minister of Higher Education and Scientific Research, Ayman Ashour.
The centre, a collaboration between Nile University and GH2, aims to strengthen Egypt's position in the renewable energy and green hydrogen economy.
Key objectives include building capacity in the field, providing technical assistance to Egypt and other African countries, and accelerating financing for relevant projects.
These efforts are expected to contribute to establishing Egypt as a leading hub for green hydrogen production and attracting foreign direct investment.
Wael Akl, President of Nile University, highlighted the main work streams of the agreement, which include accelerating project financing, engaging multilateral development banks, and organising forums to establish a financial advisory group.
The centre will also focus on ensuring compliance with international standards, developing a green hydrogen manufacturing standard in Egypt, and aligning Egyptian standards with global benchmarks.
Furthermore, the agreement aims to support market access strategies, facilitate regional cooperation through the African Green Hydrogen Alliance (AGHA), and enhance cooperation with major export markets.
The development of training programs will strengthen partnerships with local industries, create jobs, and enhance technical skills in the green hydrogen sector.
“This centre represents a significant step forward in Egypt's commitment to the green hydrogen economy,” said Ashour.“It will foster innovation, collaboration, and growth in this critical field, ultimately contributing to a more sustainable future for Egypt and the region.”
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