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Collaboration between Heliex Power & Egyptian Renewable Energy Technologies (EGYREN) signals UK new-tech company's intent to sell in Africa’s 2nd largest economy.
A spokesperson for Heliex Power, said: “Egypt is a really interesting new market for us. Spurred on by severe shortages in electricity supply and rising energy prices, Egypt is making the shift towards a greener future.
“There’s currently a focus on wind and solar but Heliex and EGYREN can offer industry clients a cost effective, innovative, steady supply of electricity and beat price hikes, while boosting efficiency. The management team at EGYREN are forward thinking, have vast engineering experience and are well positioned to deliver our patented technology.”
Khairy Arsanios, CEO, EGYREN, said: “Industries are urgently exploring energy efficiency and it’s our responsibility to offer technologies that really make a difference and are profitable from an investment perspective.
“Heliex's technology ticked all of the boxes, from applicability, to ease of installation and management, and investment profitability. The team behind Heliex has shown great support and we strongly believe that this will be a very strong partnership moving forward.”
Heliex has recently embarked on an intelligent, expansive growth plan and is currently growing sales channels globally, including distributors, marketing partners and original equipment manufacturers.