Actis has signed a deal with the Egyptian government for green hydrogen development, giving the company an entry point into what could be one of the largest hydrogen markets in the region.
Hydrogen is widely used globally in commercial industry, such as in the production of ammonia for fertilizer, methanol for plastics and in oil refining. Currently, nearly all of the world’s hydrogen is produced using fossil fuels, with a significant amount of carbon dioxide emitted as a byproduct of the process. Green hydrogen is far superior from a sustainability perspective because it is generated by electrolyzing water using renewable electricity and has zero emissions.
The production cost of green hydrogen depends on two factors — the cost of renewable power and the cost of the electrolysis equipment — and is currently more expensive than fossil fuel–based hydrogen production, according to Actis. With an expected decrease in the cost of both renewable electricity and elec