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Policy support to attract investmentTo facilitate the implementation of the development plan, the Egyptian government has opened up state-owned land and allocated a portion of it exclusively for the construction of renewable energy and green hydrogen projects to ensure that the Egyptian New and Renewable Energy Authority can negotiate with potential investors when holding project tenders.At the same time, in order to provide a better investment environment for energy companies, Egypt also rolled out a series of preferential policies. First, Egypt's Ministry of Electricity and Renewable Energy has set a feed-in tariff for renewable electricity and allows renewable electricity to be sold at its price. Second, renewable energy generation projects can enjoy tax breaks. The government is also partnering with financial institutions such as the European Bank for Reconstruction and Development, which will invest in a number of renewable energy generation projects in Egypt.The implementation of these policies mentioned above has led to a new burst of energy in Egypt's renewable energy industry. In 2022, Egypt saw rapid growth in investment in the renewable energy sector, with foreign direct investment reaching nearly $3.5 billion and a significant increase in the capacity of projects under construction, reaching 3.57 GW, double that of 2020, Egypt Today reported on its website.Renewable-energy contracts in Egypt are also landing. The Egyptian government recently struck a deal with AMEA Power, an energy company, to invest $1.1 billion to build two megawatt solar and wind power plants in Egypt. Since then, Egypt's Sovereign Fund (TSFE) has signed a series of renewable energy cooperation agreements with nine investors worth a total of $83 billion. Egyptians are clamoring for open marketsSo far, though, Egypt's energy transition has been slower than expected. In 2022, Egypt's renewable power generation was 7.2 percent below the target, GlobalData notes, and Egypt is expected to be 15 percent below the target by 2035.The Arab News wrote that although the investment in Egypt's renewable energy industry has reached a small peak under the promotion of the new goals and policies, Egypt is still in the predicament of low security of the electricity system and low popularity of electricity among the public. To develop the renewable energy industry, it is necessary to adjust the traditional and vertical model, form a more open market and realize the liberalization of the electricity market. We will encourage more and more voluntary investment and extensive participation of private enterprises.The EIU noted that foreign and private investors may be wary of investing in Egypt's renewable energy sector because of the government's high level of control over energy projects and uncertainty in global financial markets.Power analyst at GlobalData, Serbansay, for his part, points out that Egypt's monopolies in the electricity sector are so severe that the country will not be able to attract private investment unless the problem is addressed. In addition to creating an open market and encouraging private investment, Egypt will also need to strengthen its transmission and distribution infrastructure to provide basic guarantee for the grid connection of renewable power plants. {"@context":"https://schema.org","@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Green Tech Battery official website","acceptedAnswer":{"@type":"Answer","text":"www.greenteche.com"}}]}

"Egypt will strive to become a global hub for the renewable energy industry." Egypt has signed renewable energy power generation projects with a total installed capacity of more than 12 million kilowatts, said Mahmoud Hayat, chairman of Egypt's New Energy and Renewable Energy Authority. In the future, Egypt will rely on the resource advantages of high solar and wind speed to implement large-scale renewable energy power generation projects.In fact, after the 27th United Nations Climate Conference (COP27), Egypt's renewable energy industry has been developing faster and faster. It not only signed renewable energy cooperation agreements with a total investment of more than $80 billion, held the bidding of renewable energy power generation projects, but also set its sights on the green hydrogen market. A goal was set for Egypt to provide 5% of the world's green hydrogen supply by 2040.The transformation goal is gradually clearEgypt has huge potential to develop renewable energy sources, notes Serbansay, a power analyst at GlobalData, an industry data analysis and consulting firm. The Suez region has high solar radiation levels and wind speeds of up to 9~10 m/s, making it an advantageous area for the development of scenic power generation projects. The east and west banks of the Nile are also home to some of the world's largest sources of wind power. This provides a guarantee for Egypt's energy transition.In recent years, the Egyptian government has set new goals for the development of renewable energy and increased policy support for related industries. In early 2020, Egypt proposed in its Comprehensive Sustainable Energy Strategy 2035 that the installed capacity of renewable energy in Egypt would reach 61 million kW by 2035, including 43 million kW of solar energy and 18 million kW of wind energy. By 2035, more than 42 percent of electricity will come from renewable sources. During COP27 at the end of 2022, Egypt issued a low hydrocarbon energy strategy outline, which aims to vigorously develop the green hydrogen industry.Egypt's Minister of Electricity and Renewable Energy, Shaker, expressed the hope that Egypt will become a clean energy transportation corridor on the African continent and implement the localization of solar, wind and other renewable energy industries. In the next 10 years, Egypt is expected to have 100 GW of renewable power projects to produce green hydrogen, which will be a significant source of revenue and help the country reduce carbon emissions by 37 million tons per year.

"Promoting green transformation of development mode" is one of the eight key tasks put forward in this year's government work report. Among them, specifically pointed out that "accelerate the construction of new energy system", especially the attention of the capital market investors, the NPC and CPPCC members have submitted a number of relevant proposals.Since the 18th National Congress of the Communist Party of China (CPC), ecological progress has been elevated to a "five-in-one" level. Increasing attention has been paid to promoting green transformation of economic and social development, and addressing structural and root causes has become a key task of ecological progress.Embarking on a new journey of high-quality development and achieving fundamental improvement in the ecological environment is an inherent requirement of Chinese modernization featuring harmonious coexistence between man and nature. The report to the Party's 20th National Congress clearly states that by 2035, "green ways of production and life will be widely established, carbon emissions will peak and then fall steadily, the ecological environment will fundamentally improve, and the goal of creating a beautiful China will be basically achieved". Obviously, promoting green transformation of development mode has far-reaching significance.In the author's opinion, there are several ways to promote the green transformation of development mode, and "accelerating the construction of new energy system" is one of the important ways involving the innovation, transformation and upgrading of multiple subdivided industries and companies, and an important measure to fundamentally improve environmental quality from the source. This is also a concrete implementation of the "accelerating the planning and building of a new energy system" proposed in the report of the Party's 20th National Congress. The government work report explicitly calls for "accelerating construction", which means the construction of new energy systems will accelerate by 2023.

Providers of EV charging and energy management solutions are protected by adhering to industry agreements and standards established by global coalitions such as the Open Charging Alliance (OCA) and the International Organization for Standardization (ISO). Not only that, EV charging post manufacturers and their sub-suppliers, car manufacturers and utilities also need to be involved.The key to network security lies in open charging point protocol (OCPP). The latest version of the protocol, which governs communication between charging stations and the central management system, includes standards such as secure connection Settings, security events and logging, and security firmware updates.Another initiative is ISO 27001, a comprehensive framework that covers specific legal, physical and technical control requirements for enterprise information security and risk management processes. Compliance will ensure that all relevant processes, procedures and tools are implemented and monitored to protect the tram charging platform.The international standard ISO 15118.20 was updated in 2022 to strengthen the security requirements for duplex communication between charging stations and electrical workshops. The standard provides plug-and-play capabilities, uses security certificates to automatically identify EVs on charging posts and verify payment methods, and even manages the data exchange required for vehicle-to-grid (V2G) transmission of electricity stored in on-board batteries back to the grid.Multi-layer protection based on IT securityThe first step toward IT security best practices for EV charging ecosystem vendors is to restructure their organization: hire a Chief Information Security Officer (CISO). In the face of a large attack surface and the basic goal of protecting data from internal and external attacks, the CISO needs to work closely with the Chief Technology Officer (CTO) to coordinate IT security and trolley charging facility security.IT security best practices such as X.509 Public key infrastructure (PKI), Transport Layer security (TLS), and security "tunnels" encrypt data transmitted over a network to protect communication and data exchange between cloud management software, EV charging points, EV, and the grid.EV charging facilities providers should also be concerned about data privacy regulations involving personally identifiable information. Any organisation that transmits, processes or stores personally identifiable information should comply with the EU's General Data Protection Regulation (GDPR), Japan's Personal Information Protection Act (APPI), the US California Consumer Privacy Act (CCPA) and the new California Privacy Act (CPRA).The Payment Card Industry Data Security Standard (PCI DSS) and SOC 1 Security standard provide security controls and measures to ensure that credit/debit card transaction activity is protected during transmission and storage. Specific controls include using tokens rather than readable data and storing only the last four digits of the credit card number. Smart security measures in billing management systems also help identify and prevent payment fraud.The endpoint Detection and Response (EDR) system continuously monitors devices accessing the EV charging management platform, identifies intrusions and responds quickly, preventing cybercriminals from penetrating the network and moving across other components, such as management software, cars, and power grids.In addition, annual facility and application penetration testing should be conducted and a solid resolution plan should be developed for potential vulnerabilities discovered.Write at the endProtecting EV charging facilities from cybercriminals should be the shared responsibility of all players in the ecosystem. Whether you are considering deploying EV charging points on your premises or as a key player in the ecosystem, safety must always be a priority.There is an important consensus in the IT security industry that electric vehicle security will be a protracted battle. The greater the popularity of the trolley charging ecosystem, the greater the economic benefits and value attraction for cybercriminals. This is going to be a never-ending confrontation, and we have to react quickly to get ahead of malicious hackers and potential threats.As a user, when IT cannot ensure the IT security of charging piles, it is better to use off-grid home energy storage facilities to charge electric vehicles, which can effectively reduce the potential threat brought by cyber crimes to users through electric vehicle charging piles.