On January 16th, Cornex New Energy signed a strategic cooperation agreement with Egypt-based partners WeaCan and Kemet.
The agreement was signed by Dai Deming, chairman of Cornex New Energy and Ahmed Salaheldin Abdelwahab Elabd, Chiarman of the Board of Kemet. The signing ceremony was witnessed by Moustafa Kamal Esmat Mahmoud, minister of Egypt’s Ministry of Electricity and Renewable Energy, along with other government officials and senior executives from relevent enterprises.
Under the agreement, Weacan and Kemet will serve as the core facilitator for project implementation. Leveraging their extensive local industrial resources and proven project execution experience in Egypt, the two partners will take full charge of services including scenario alignment, coordination of government approvals, grid connection support, and localized operation and service delivery, providing solid guarantee for the large-scale implementation of Cornex’s energy storage products. As the core technology and product supplier, Cornex will deliver high-quality energy storage systems in phases, with a total supply capacity of up to 6GWh, ensuring the safe and stable operation of its products in Egypt’s power system and providing full life-cycle technical support services.
Located on the eastern edge of the Sahara Desert, Egypt is endowed with abundant solar and wind resources, offering uniquely favourable conditions for the development of “solar power, wind power+energy storage” solutions. In recent years, Egypt has actively advanced its energy transition, setting a clear target to raise the share of renewable energy generation to 42% by 2030. The country has commissioned several hundred-megawatt-scale energy storage demonstration projects and plans to add over 10GWh energy storage capacity on the grid side to date. As market demand continues to accelerate, Egypt’s energy storage industry is entering a phase of rapid growth.
The 6GWh cooperation on energy storage procurement marks not only an important breakthrough for Cornex in the North African market but a concrete example of green energy cooperation between China and Egypt within the framework of the Belt and Road Initiative. Once commissioned, the project will effectively increase the local grid’s peak-shaving and frequency-regulation capability, facilitate the large-scale grid connection and integration of clean energy like solar power so as to help Egypt built a more flexible, reliable and low-carbon new-type power system.
At present, Cornex has built four major regional service centers with China, Europe, North America and Australia as a core, forming a globalized service network. This system enables full life-cycle services from product delivery to technical consulting, installment and operation and maintenance support. Backed by its independently developed core technologies, high-safety system designs and accurate response to diverse market demand, Cornex has achieved mass commission and landmark projects deployment in more than 60 countries and regions with its brand influence and customer recognition continuing to grow.
Looking ahead, Cornex will continue to uphold an open and win-win cooperation, deepen collaborations with international strategic partners across technology, channels, and ecosystem resources, and accelerate the expansion of its global business footprint through complementary strengths and localized integration.
Cornex New Energy has confirmed ins participation in the 14th Energy Storage International Conference and Expo (ESIE 2026), register now to attend Asia’s Largest Energy Storage Trade Show for free:
What: The 14th Energy Storage International Conference & Expo
When: Conferences: March 31 - April 2, 2026
Exhibitions: April 1-3, 2026
Where: CIECC Beijing, China
Address: No. 55 Yudong road, Shunyi District, Beijing China
