Energy company HDF Energy teams up with EVNSPC to accelerate green hydrogen energy production in Vietnam.
In Hanoi on Tuesday, global hydrogen power solutions leader HDF Energy joined forces with Southern Power Corporation (EVNSPC), a prominent Vietnamese power distributor, to jointly develop green hydrogen energy projects. The objective of the partnership is to power remote islands in southern Vietnam where consistent electricity supply remains an issue.
The partnership, marked by a Memorandum of Understanding (MoU) signed during the state visit of French President Emmanuel Macron, signifies a significant milestone in France-Vietnam cooperation on sustainable energy. The event was graced by high-level representatives from both nations.
Under this agreement, HDF Energy and EVNSPC will collaborate on technical and feasibility studies, identify potential project sites, coordinate with local authorities, and align investment and engineering resources. The collaboration aims to provide a reliable, 24/7 electricity supply at lower costs compared to diesel-generated power, addressing the issues of complexity and cost commonly associated with fuel logistics.
The partnership also emphasizes mutual knowledge-sharing on hydrogen technologies, reflecting both parties' commitment to accelerating the clean energy transition in Vietnam.
Nguyen Phuc Duc, the General Director of EVNSPC, expressed enthusiasm about the collaboration. He noted that this partnership will facilitate Vietnam's energy transition, particularly on off-grid islands managed by EVNSPC, by offering a stable power source.
HDF Energy's Chairman and CEO, Damien Havard, expressed that the agreement signifies a pivotal moment for the company's work in Vietnam. The project is part of broader Vietnam-France energy transition cooperation, involving government agencies, state-owned enterprises, and private sector partners.
The initiative aims to reduce Vietnam's reliance on fossil fuels, cut greenhouse gas emissions, and promote sustainable socio-economic development for island communities. The model is designed to be scalable and replicable across other off-grid areas with similar challenges.
At the signing ceremony in Hà Nội on Tuesday. - Photo courtesy of the Embassy of France to Việt Nam
This partnership represents a significant stride in Vietnam's energy transition, offering a practical solution to persistent challenges in remote island areas by leveraging innovative green hydrogen technology.
- The cooperation between HDF Energy and Southern Power Corporation (EVNSPC) in developing green hydrogen energy projects aims to power remote islands in southern Vietnam, which struggle with consistent electricity supply.
- The partnership, marked by a Memorandum of Understanding (MoU) signed during the state visit of French President Emmanuel Macron, highlights a significant milestone in France-Vietnam cooperation on sustainable energy.
- Under this agreement, both parties will collaborate on technical and feasibility studies, identify potential project sites, coordinate with local authorities, and align investment and engineering resources to provide a reliable, 24/7 electricity supply at lower costs compared to diesel-generated power.
- This collaboration also emphasizes mutual knowledge-sharing on hydrogen technologies, mirroring both parties' dedication to expediting the clean energy transition in Vietnam.
- The initiative intends to reduce Vietnam's reliance on fossil fuels, cut greenhouse gas emissions, and foster sustainable socio-economic development for island communities, with the model being scalable and replicable across other off-grid areas with similar challenges.
