According to the German Embassy in Georgia, the German government will spend 1.3 million euros through the German Development Bank (KfW) to promote the implementation of green hydrogen technology and the development of an appropriate enabling legal framework in Georgia.
The Green Hydrogen Promotion project will also strive to extend concerns linked to energy security in Georgia, in collaboration with the Georgian Ministry of Economy and the Georgian Energy Development Fund (GEDF).
Georgia will be the first country in the area to develop hydrogen technology, according to GEDF head Giorgi Chikovani. “This will be another step toward encouraging energy independence, as well as assisting in the transition of the energy market to a sustainable, low-carbon energy supply,” he added.
In the energy industry, KfW and Georgia are partners
Hubert Knirsch, the German ambassador to Georgia, praised the project as a “major milestone” in the country’s energy diversification and energy security in the midst of the Ukraine conflict.
The Government of Georgia and KfW signed a Declaration of Intent for the Promotion of Green Hydrogen a few months ago, which entails the construction of a first reference project that spans the whole value chain of this resource.
Similarly, in November, an agreement was made with KfW for the development of clean and renewable energy, and as a result, research into the country’s green hydrogen potential began.
