Hydrogène De France : HDF Energy inks MoU with PESTECH to collaborate on green hydrogen production from hydro plants in Cambodia and Malaysia.
Hydrogène de France (“HDF Energy” or the “Company”) – Euronext Paris: HDF – has signed a memorandum of understanding (“MOU”) with PESTECH International Berhad (“PESTECH”) to collaborate on green hydrogen production from hydro power plants in Cambodia and Malaysia in order to address multi sectors decarbonation such as, grid services and industrial application projects (“Projects”).
Under this MOU, PESTECH, a Malaysian integrated electrical power technology company, will initiate its commitment towards contributing sustainable development through participation in green renewable initiatives.
Hydrogen is one of the leading options for storing renewable energy in power generation and can become an alternative fuel or sustainable transportation by providing clean, reliable, safe, convenient and affordable energy.
HDF Energy is accelerating its development in Asia, this MOU recognizes its know-how in hydrogen production while its HyPower projets® could utilize the hydrogen in some markets.
Mr. Paul Lim Pay Chuan, Managing Director and Group Chief Executive Officer of PESTECH, said:
The collaboration with HDF Energy on green hydrogen production is expected to complement and align with the global transition for sustainable energy and net zero emissions in the power supply industry.
Mr. Damien HAVARD, CEO at HDF Energy, said:
HDF Energy is glad to collaborate with PESTECH on hydrogen production while accelerating its development in Asia to accompany sustainable development.
In addition, aNew Energy Pte. Ltd. (“aNew”), a Singapore based green energy specialist firm, who acts as an advisor to PESTECH, played a pivotal role in bringing the parties together and working towards collaboration on the Projects.
aNew sees the benefits of such collaboration on Hydrogen projects starting with Malaysia and Cambodia as a key step to achieving decarbonisation, promoting green employment and investment for South East Asia.
Hydrogène De France : HDF energy inks MoU with PESTECH to collaborate on green hydrogen production from hydro plants in Cambodia and Malaysia, Bordeaux, Kuala Lumpour, May 24, 2022
