HDF Energy sign MoC with Mindanao Development Authority

HDF Energy (Hydrogène de France) – Euronext Paris: HDF – has announced the signing of a Memorandum of Cooperation (MoC) with the Mindanao Development Authority, the Zamboanga Sibugay Provincial Government, a group of municipalities on the island of Olutanga and the Zamboanga del Sur II Electric Cooperative (Zamboanga Sibugay Province) in the Philippines for the study and development of Renewstable® power plant projects.

Fully focused on enhancing its project portfolio, HDF Energy is expanding its footprint in Asia, one of its five priority regions. The signing of this agreement in the online presence of the French ambassador to the Philippines formalises HDF’s first partnership with local authorities, illustrating the development model implemented by the Company in close cooperation with local stakeholders. Renewstable® power plants contribute greatly towards promoting responsible economic development in the region.

Invented and developed by HDF Energy, Renewstable® multi-megawatt power plants produce entirely renewable, stable, and controllable electricity 24/7 with zero greenhouse gas emissions. They combine intermittent renewable energies (solar or wind) with massive long-term storage of electricity in the form of hydrogen and short-term battery storage to provide clean, stable, and continuous energy, day and night.

This agreement reinforces HDF Energy’s strategic presence in Asia, where the Company last year formed a subsidiary, staffed by a local team, that has already made significant progress in power plant development with projects underway in Indonesia. HDF is continuing its expansion in the region by setting up operations in Cambodia and Vietnam.

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