{"id":590998,"date":"2023-07-30T00:00:00","date_gmt":"2023-07-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/30\/smartenergy-wants-to-build-a-green-hydrogen-plant-in-egypt\/"},"modified":"2023-07-30T00:00:00","modified_gmt":"2023-07-30T00:00:00","slug":"smartenergy-wants-to-build-a-green-hydrogen-plant-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/30\/smartenergy-wants-to-build-a-green-hydrogen-plant-in-egypt\/","title":{"rendered":"Smartenergy wants to build a green hydrogen plant in Egypt"},"content":{"rendered":"

Swiss firm in talks with gov\u2019t for green hydrogen plant: <\/strong>Switzerland-based energy investment firm Smartenergy<\/a> is close to reaching an agreement with authorities to establish a USD 1 bn green hydrogen facility, Asharq Al Awsat<\/a> reports, citing sources it says have knowledge of the matter. Company CFO Rene Cotting reportedly confirmed that a green hydrogen agreement between the company and the government is \u201cimminent,\u201d without giving further details. <\/p>\n

This would be the firm\u2019s first project outside of Europe:<\/strong>Founded in 2011, Smartenergy invests in solar, wind, and hydrogen projects. The company focuses on late stage development, ready-to-build, and operational assets, and has projects in Switzerland, Germany, Italy, Spain and Portugal, according to its website. <\/p>\n

We\u2019re going big on green hydrogen: <\/strong>The government signed framework agreements for nine green hydrogen plants worth USD 83 bn on the sidelines<\/a> of last year\u2019s COP27 climate summit and has at least one more agreement<\/a> in the works. Ministers in May approved a package of incentives aimed at stimulating the nascent industry<\/a> and increasing FX inflows. <\/p>\n","protected":false},"excerpt":{"rendered":"

An agreement between the gov\u2019t and the company is reportedly \u201cimminent\u201d<\/p>\n","protected":false},"author":1,"featured_media":590999,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72,254,125,151,10907],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-590998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-green-hydrogen","tag-investment-watch","tag-renewables","tag-smartenergy","wpautop","entry"],"acf":{"mongo_id":"656ad59a-dda4-456d-9505-4f93b8434531","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/1169.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Swiss firm Smartenergy could invest USD 1 bn in Egypt green hydrogen plant","related_issue":[590991],"teaser":"An agreement between the gov\u2019t and the company is reportedly \u201cimminent\u201d","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.14a4cbdf-18c4-4abe-9521-1b8a2029e382.mp3"},"yoast_head":"\nSmartenergy wants to build a green hydrogen plant in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/30\/smartenergy-wants-to-build-a-green-hydrogen-plant-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smartenergy wants to build a green hydrogen plant in Egypt\" \/>\n<meta property=\"og:description\" content=\"An agreement between the gov\u2019t and the company is reportedly \u201cimminent\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/30\/smartenergy-wants-to-build-a-green-hydrogen-plant-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-30T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1169.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/30\/smartenergy-wants-to-build-a-green-hydrogen-plant-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/30\/smartenergy-wants-to-build-a-green-hydrogen-plant-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Smartenergy wants to build a green hydrogen plant in Egypt\",\"datePublished\":\"2023-07-30T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/30\/smartenergy-wants-to-build-a-green-hydrogen-plant-in-egypt\/\"},\"wordCount\":182,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/30\/smartenergy-wants-to-build-a-green-hydrogen-plant-in-egypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1169.jpg?fit=%2C&ssl=1\",\"keywords\":[\"energy\",\"EnterpriseAM\",\"green hydrogen\",\"investment watch\",\"renewables\",\"Smartenergy\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/30\/smartenergy-wants-to-build-a-green-hydrogen-plant-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/30\/smartenergy-wants-to-build-a-green-hydrogen-plant-in-egypt\/\",\"name\":\"Smartenergy wants to build a green hydrogen plant in Egypt - 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For those of you reading us as you head up to the North Coast, we sincerely hope the roads are significantly less crowded than they were last weekend. THE BIG STORY TODAY Switzerland\u2019s Smartenergy could invest USD 1 bn in green hydrogen facility in Egypt:\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/682.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587248,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/24\/energy-china-to-ink-framework-agreement-for-green-hydrogen-plant-by-july\/","url_meta":{"origin":590998,"position":1},"title":"Energy China to ink framework agreement for green hydrogen plant by July","author":"enterpriseam admin","date":"24 May 2023","format":false,"excerpt":"The plant will produce 1.2 mn tons of ammonia and 210k tons of hydrogen","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1326.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546932,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/sczone-signs-initial-agreement-with-h2-industries-for-waste-to-hydrogen-plant\/","url_meta":{"origin":590998,"position":2},"title":"SCZone signs initial agreement with H2 Industries for waste-to-hydrogen plant","author":"enterpriseam admin","date":"2 June 2022","format":false,"excerpt":"A step closer to our first waste-to-hydrogen plant? The Suez Canal Economic Zone (SCZone) has signed an MoU with H2 Industries to establish Egypt\u2019s first waste-to-hydrogen plant in East Port Said, according to a statement. The plant will cost USD 4 bn to establish, the statement said, without disclosing how\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/109.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577272,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/16\/egypt-signs-framework-agreements-for-green-hydrogen-ammonia-plants-worth-usd-83-bn\/","url_meta":{"origin":590998,"position":3},"title":"Egypt signs framework agreements for green hydrogen + ammonia plants worth USD 83 bn","author":"enterpriseam admin","date":"16 November 2022","format":false,"excerpt":"Another step forward to becoming a green energy hub: Egypt has signed framework agreements with international power companies to construct nine green hydrogen and ammonia facilities in the Suez Canal Economic Zone,\u00a0 a series of government statements (here, here and here) yesterday. The facilities would collectively produce up to 7.6\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/252.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546335,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/12\/total-eren-enara-capital-to-build-green-ammonia-facility-in-sczone\/","url_meta":{"origin":590998,"position":4},"title":"Total Eren + Enara Capital to build green ammonia facility in SCZone","author":"enterpriseam admin","date":"12 May 2022","format":false,"excerpt":"Another green ammonia project: Egypt inked a memorandum of understanding with an alliance that includes Total Eren and Africa-focused SME investor Enara Capital to build a green ammonia plant in the Suez Canal Economic Zone (SCZone), according to a cabinet statement. The facility will initially produce 300k tons of ammonia\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/151.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596076,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/10\/ocior-energy-to-build-usd-4-bn-green-hydrogen-plant-in-sczone\/","url_meta":{"origin":590998,"position":5},"title":"Ocior Energy to build USD 4 bn green hydrogen plant in SCZone","author":"enterpriseam admin","date":"10 August 2023","format":false,"excerpt":"The plant will take 5-6 years to build, with expected revenues of USD 1 bn annually","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/475.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=590998"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590998\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/590991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/590999"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=590998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=590998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=590998"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=590998"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=590998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}