Magnom Properties signs MoU with Schneider Electric and H2-Enterprises

Magnom Properties signs MoU with Schneider Electric and H2-Enterprises

Futuristic tower to be powered by Liquid Organic Hydrogen Carrier (LOHC) technology, the safest, most economic and ecological way to provide clean hydrogen to power emission free real estate developments. Cairo, Egypt: Magnom Properties, a subsidiary of Rawabi Holding, has announced that the futuristic ‘Forbes International Tower’, designed by Adrian Smith + Gordon Gill Architecture (AS+GG Architecture), will be the first-of-its-kind project in the world to run entirely on the Liquid Organic Hydrogen Carrier (LOHC) system. The LOHC technology enables hydrogen to be stored, transported and released in safe and environmentally friendly manner. In line with the sustainable vision of the zero-carbon emissions commercial tower, Magnom Properties has signed a Memorandum of Understanding (MoU) with Schneider Electric, the leader in the digital transformation of energy management and automation, and H2-Enterprises, a global hydrogen generation and energy storage solutions company, to tap into the long-term potential of clean hydrogen to accelerate the ambitious zero carbon emission goals of the Forbes International Tower. Using the proprietary technologies of H2-Enterprises to create clean hydrogen by using previously non-recyclable plastics and other organic wastes as feedstock for its energy production and Schneider Electric’s innovative digital solutions for energy management, the Forbes International Tower will