HDF Energy and Saigon Asset Management develop hydrogen power

July 27, 2022 | 17:00
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A signing ceremony for the corporation agreement between Hydrogène de France SA (HDF Energy) and Saigon Asset Management Corporation (SAM) for the development of a chain of hydrogen and renewable energy generation projects in Vietnam was held on July 25 at the French Embassy.

Attending the ceremony were the Ambassador of the French Republic in Vietnam Nicholas Warnery, Deputy Dead of the Economic Department Laurent Chopiton, and Director of Business France Yann de Kerlivio Frollo. On the side of HDF Energy, director for Asia Mathieu Geze and business development director Tran Khanh Viet Dzung were both present. SAM representatives included managing director Kevin Flaherty and investment director Nghiem Xuan Hoang.

HDF Energy and Saigon Asset Management develop hydrogen power
The signing ceremony for the agreement between HDF Energy and Saigon Asset Management took place at the French Embassy in Hanoi

At the ceremony, representatives of the two groups jointly signed an agreement under the witness of guests.

The two sides will coordinate to implement development and investment projects in stable renewable energy (Renewstable®), hydrogen gas power (Hypower®), and hydrogen energy projects in Vietnam to provide clean, stable, and continuous energy that will contribute to net-zero emissions in the future.

This is the foundation for the two sides to implement their next activities to effectively use the resources and advantages of each side to build, operate, and commercialise power generation projects using the proprietary technology rights of HDF in Vietnam.

During the ceremony, Ambassador Warnery emphasised the important role of hydrogen energy as well as the focus of many governments around the world – including the French government with its France 2030 framework – on the investment and development of clean energy sources.

According to the ambassador, the cooperation between HDF and SAM to commercialise power generation projects using hydrogen has great significance and potential, contributing to actualising Vietnam’s goal of achieving net-zero emissions by 2050.

HDF Energy and Saigon Asset Management develop hydrogen power
On behalf of the two units, Mathieu Geze and Nghiem Xuan Hoang signed the agreement

The signing ceremony of the agreement between HDF Energy and Saigon Asset Management is the foundation for the two sides to jointly develop a detailed cooperation plan to effectively exploit their collective resources and advantages to achieve the stated goals.

At the ceremony, the leaders of the two companies expressed their joy and believed that the signing of the memorandum of cooperation would open up opportunities for both parties. It is proposed that now the cooperation agreement is signed, the relevant affiliated units will promote the signing of contracts so that further activities can be implemented soon.

Speaking after the ceremony, Louis Nguyen, chairman and CEO of SAM said, “The cooperation with HDF Energy in projects using Renewstable technology is in line with the investment philosophy of SAM in clean and sustainable energy projects. We believe that Vietnam can accelerate progress towards net-zero emissions based on the renewable energy potential available.”

By Mai Dang

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