Switzerland’s Smartenergy eyes Egypt for a green hydrogen investment opportunity worth USD 1 billion. The expansion would be the firm’s first outside Europe.
The company is at the later stages of negotiations with the Egyptian government to build a green hydrogen plant, a source confirmed to Asharq Al-Aswsat.
According to Smartenergy’s Chief Financial Officer René Cotting, the agreement between both parties will soon be ratified. However, he did not provide any additional information on the matter.