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IFC, AMEA Power launch Egypt’s 1st battery energy storage system

The International Finance Corporation (IFC) has announced a $72 million investment to support Egypt’s first utility-scale battery energy storage system (BESS), in partnership with AMEA Power and the Egyptian government, marking a major milestone in the country’s transition to clean energy.

Updated 6/16/2025 7:56:00 AM
Elsewedy Electric secures funding for Greece’s 1st large-scale battery energy storage system

Elsewedy Electric has reached a financial close on a 50MW/100MWh battery energy storage system (BESS) project in Greece through its subsidiary, Energy Bank I S.A.

Updated 1/21/2025 8:20:00 AM
Egypt partners with Global South Utilities, WEIHENG for energy storage battery factory

Egypt's Industrial Modernization Center (IMC) has signed a memorandum of understanding (MoU) with UAE's Global South Utilities and China's WEIHENG to establish an energy storage battery factory in Egypt.

Updated 11/21/2024 4:02:00 AM
Egypt’s IMC signs MoU for battery storage facility with 2 UAE-based firms

Egypt's Industrial Modernization Center (IMC) and the two UAE-headquartered companies Global South Utilities and Enercap Holdings inked a memorandum of understanding (MoU) to establish a battery storage factory.

Updated 11/21/2024 3:48:00 AM