3 FAQs about Egypt Energy Storage Battery System

Will IFC support Egypt's first utility-scale battery energy storage system?

Cairo, Egypt, June 15, 2025 – IFC today announced an investment to support Egypt's first utility-scale battery energy storage system (BESS), deepening its partnership with AMEA Power, a leading renewable energy developer in Africa, the Middle East, and Central Asia, and the Government of Egypt to advance the country's clean energy ambitions.

What is a battery energy storage system?

A battery energy storage system, or BESS, is a system that uses batteries to store energy for later use. With the advent of this technology, energy usage could see a complete transformation; allowing access to energy sources when needed while reducing our dependence on traditional energy sources from fossil fuels.

What does IFC do in Egypt?

Since beginning its operations in Egypt in 1975, IFC has invested and mobilized nearly $10 billion in development projects and has an advisory portfolio of $25 million. IFC's private sector support in Egypt focuses on fintech, climate finance, manufacturing, infrastructure, renewable energy, healthcare, gender, and other sectors. About IFC

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