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The project was announced during a meeting in Cairo between Egyptian President Abdel Fattah al-Sissi and Sungrow Chairman Cao Renxian. The presidency stated that discussions focused on a plan to create an energy storage battery factory in Egypt with an annual production capacity of up to 10 gigawatts (GW).
Chinese renewable energy group Sungrow Power Supply plans to build an energy storage battery factory in Egypt, the Egyptian presidency's spokesperson announced in a statement Sunday. The project was announced during a meeting in Cairo between Egyptian President Abdel Fattah al-Sissi and Sungrow Chairman Cao Renxian.
Cao highlighted his company's expertise in manufacturing power plant components and energy storage batteries, adding that Sungrow is ready to cooperate with Egypt to localize the energy storage battery industry.
Energy storage batteries are considered critical for the energy transition, as they help stabilize power grids, integrate intermittent renewable energy sources, and provide backup power solutions.
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