Germany, Egypt agree to cooperate on building out hydrogen economy

Germany and Egypt have agreed to cooperate on building out the hydrogen economy as part of Europe’s efforts to diversify away from its current dependence on Russian gas, Reuters reports, following a meeting between German Chancellor Olaf Scholz and President Abdelfattah al-Sisi.
“For the transformation of industry in countries like Germany, electricity and hydrogen will be crucial,” Scholz said at a joint news conference.
“Much of that hydrogen will be imported,” he added, describing Germany’s need for gas imports as a “very big opportunity” for other countries. “One thing we have had to learn from this crisis is that it is important to diversify,” he added.
“You shouldn’t rely on one single partner but must have many good partners.” Egypt will host the UN climate change conference COP27 this year and has announced many projects on the green energy front.