HDF Energy to Invest $1.5 Billion in Green Hydrogen Infrastructure in the Philippines
Key Ideas
- HDF Energy plans to invest $1.5 billion in establishing 15 hydrogen power projects in the Philippines, with a focus on Mindanao.
- A joint memorandum of understanding with the Department of Energy and Mindanao Development Authority aims to drive research in efficient green hydrogen technologies.
- The partnership will accelerate the deployment of Renewstable hydrogen power plants, providing clean and non-intermittent energy by combining renewables with green hydrogen storage.
- The collaboration with Reurasia highlights HDF Energy's commitment to sustainable development across Southeast Asia through innovative renewable energy solutions.
Hydrogène de France (HDF Energy) has unveiled a plan to invest $1.5 billion in hydrogen power facilities in the Philippines, focusing on Mindanao. The company aims to establish 15 projects and has signed a memorandum of understanding with the Department of Energy and Mindanao Development Authority for research and development in green hydrogen technologies. This initiative is part of a comprehensive energy transition strategy to decarbonize the Philippines' power sector. The partnership will boost the deployment of Renewstable hydrogen power plants, offering clean and reliable energy through a combination of renewable sources and green hydrogen storage. Additionally, HDF Energy is collaborating with Reurasia to drive sustainable development in Southeast Asia. Energy Secretary Raphael Lotilla emphasized the importance of harnessing hydrogen technologies to achieve national energy goals, marking a significant step towards a sustainable energy future.