The Hong Kong and China Gas Company Limited (Towngas) and Chi Shing New Energy Technology Company Limited, a subsidiary of Chi Shing (Hong Kong) Group, have recently signed a memorandum of understanding to collaborate on developing low-carbon and renewable energy utilization, including hydrogen power generation business, in Hong Kong. Through this partnership, the two parties will work together to promote green construction sites and buildings in the region by offering integrated new energy power generation solutions, with a focus on hydrogen energy. Towngas, with its extensive experience in gas operations, will contribute its mature hydrogen extraction and storage technology to ensure safe and efficient hydrogen supply solutions. The collaboration is expected to provide hydrogen energy applications for construction equipment, combining Towngas' expertise with Chi Shing Group's position as a leading construction equipment supplier in Hong Kong and mainland China. Together, they aim to drive the development of hydrogen power generation business while also supporting Hong Kong's green energy industry chain. This initiative is in line with the HKSAR Government's carbon reduction policies, emphasizing green energy applications and construction industry development. The partnership seeks to inject new vitality into Hong Kong's efforts towards sustainable and environmentally friendly practices. By joining forces, Towngas and Chi Shing Group are looking to leverage their strengths to propel the adoption of hydrogen energy and contribute to a greener future for Hong Kong.