The Egyptian Government plans to build a green hydrogen plant in South Sinai worth $17bn.
The Investment Opportunities Platform of the General Authority for Investment and Free Zones in Egypt has launched the project.
While details on the project are thin, local reports state it will require 127 square kilometres and could produce up to 400,000 tonnes of green hydrogen per year (tpa).
A 3.1GW solar array, supported by pumped hydro storage, would power electrolysers during the day while simultaneously pumping water to a mountain-top reservoir. At night, the stored water would flow downhill, driving electricity-generating turbines to ensure continuous, round-the-clock operations.