Hanoi, July 25, 2022
– Hydrogène de France SA (“HDF Energy”) – Euronext Paris: HDF – announces the signature of a
Memorandum of Understanding
(MoU) with Saigon Asset Management (“SAM”) for the development of Renewstable® power plants in Vietnam.
Invented and developed by HDF Energy, Renewstable® multi-megawatt power plants produce renewable, stable, guaranteed electricity that can be controlled 24 hours a day without any greenhouse gas emissions, thanks to massive energy storage using hydrogen.
The signing took place in the presence of prominent Vietnamese authorities, including the Ministry of Industry and Trade (MOIT) and the Vietnam Petroleum Institute (VPI), and the Ambassador of France to Vietnam, Mr. Nicolas Warnery, with the support of Business France. This MoU illustrates HDF Energy’s interest in Vietnam, with the aim of expanding its presence in Southeast Asia, following its developments in Indonesia, Malaysia, Cambodia and the Philippines this year. For SAM, this signature underlines its continued commitment to the development of projects with a positive social and environmental impact in the energy sector, as well as the expansion of its investment portfolio to the production of electricity from of hydrogen.
Under this MoU, both parties will combine their technical know-how, market knowledge and financial capacity to develop a portfolio of Renewstable® and hydrogen projects in Vietnam to provide clean, stable and continuous energy. , day and night to the electrical network.
“The collaboration with HDF Energy for Renewstable® projects is in line with our philosophy of investing in sustainable and responsible energy. We believe that Vietnam can accelerate its net zero emissions goal by using its own available renewable resources. »
declares Mr. Louis NGUYEN, CEO and founder of Saigon Asset Management.
”
Vietnam has shown strong ambition to decarbonize its power grid. HDF Energy’s Renewstable® and Hypower® power plants will support this desire. We are proud to partner with SAM to make green hydrogen a reality in Vietnam.
says Mr. Damien HAVARD, Chairman and CEO and founder of HDF Energy.
ABOUT HYDROGEN DE FRANCE (HDF ENERGY)
Hydrogène de France, a world pioneer in hydrogen-electricity, develops power plants
Hydrogen-Power
of large capacity and participates in their operation. These plants will provide continuous or on-demand electricity from renewable energies (wind or solar), combined with high-power fuel cells supplied by Hydrogène de France.
Hydrogène de France is developing two power plant models
Hydrogen-Power
:
-
Renewstable
®
(
POWER-TO-POWER
)
: Multi-megawatt power plants, producing stable electricity, consisting of an intermittent renewable source and a hydrogen chain including on-site energy storage. -
HyPower
®
(
GAS-TO-POWER
)
: Multi-megawatt power plants producing on-demand electricity from carbon-free hydrogen from gas transmission networks.
Hydrogène de France integrates the key know-how of the fuel cell, within the framework of a memorandum of understanding with Ballard (exclusive license agreement of 7 years) and develops in France (Metropolis of Bordeaux) its manufacturing plant in series of high-power fuel cells which will be commissioned in 2023. Through this activity, Hydrogène de France will also address the mobility, maritime and rail, and data center markets.
Hydrogène de France is thus positioned as a powerful accelerator of the energy transition by supplying non-intermittent and competitive renewable electricity, perfectly adapted to the networks and to demand.
HDF shares are listed on the regulated market of Euronext Paris compartment B.
For more information: https://www.hdf-energy.com
ABOUT SAIGON ASSET MANAGEMENT (SAM)
Established in 2007, Saigon Asset Management (SAM) is a fund management, capital advisory and energy development company based in Ho Chi Minh City and Hanoi, Vietnam. Funds managed by SAM outperformed their peers, Vietnam Index, MSCI EM, MSCI Frontier; and our top 10 investments generated an IRR of 33% to 481% across financial services, real estate, energy and infrastructure, logistics, and more.
SAM invests in well-managed, undervalued companies with strong fundamentals. We seek to invest in growing businesses that contribute to measurable positive social, economic or environmental impacts in sectors such as financial services, renewable energy, healthcare, education, agriculture and technology, while seeking to optimize returns.
For more information: www.saigonam.com
contacts
For inquiries regarding HDF Energy:
|
HDF Energy |
Investor Relations |
Press relations |
Tran Khanh VIET DUNG, PhD, Eng | Margaux ROUILLARD | Amaury DUGAST |
For inquiries regarding Saigon Asset Management (SAM):
SAT
Hoang NGHIEM
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Full and original press release in PDF format:
https://www.actusnews.com/news/75682-hdf_20220725_vietnam-fr.pdf
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