Hydrogène de France (HDF Energy), a leading force in large-scale green hydrogen infrastructure and high-power fuel cell manufacturing, disclosed its plan to invest $1.5 billion in hydrogen power facilities in the Philippines.
HDF Energy Philippines Holdings Inc. president Mathieu Geze said the company is committed to establishing 15 projects in the Philippines, with ten of them planned for implementation in Mindanao.
HDF Energy also signed a joint memorandum of understanding with the Department of Energy (DoE) and the Mindanao Development Authority (MinDA) to drive research and development in efficient technologies for harnessing renewable energy sources and locally produced green hydrogen for sustainable application.
Building on the success of previous collaborations with MinDA and the National Power Corp. (NPC) in 2023, the new MoU marks a milestone in the effort to decarbonize the Philippines’ power sector as part of a comprehensive energy transition strategy.
Under the agreement, HDF Energy, together with the DoE and MinDA, would jointly invest in renewable energy technologies, with a particular emphasis on hydrogen-based solutions.
The partnership is expected to accelerate the deployment of Renewstable multi-megawatt hydrogen power plants.
Renewstable presents a green alternative to conventional diesel fuel power plants by utilizing solely solar or wind energy and water to generate electricity, mitigating greenhouse gas emissions and noise pollution.
Its distinctive feature lies in its ability to provide clean, baseload non-intermittent power, day and night, by combining an intermittent renewable energy source with substantial on-site energy storage in the form of green hydrogen.
HDF Energy said it is actively accelerating its projects in partnership with Reurasia, a pioneering Philippine company dedicated to driving sustainable development through innovative renewable energy solutions across Southeast Asia.
“The signing of this MoU marks a significant milestone in our journey toward a sustainable and resilient energy future. It underscores our collective commitment to harnessing the power of hydrogen technologies which is a pivotal step in achieving our national energy goals,” said Energy Secretary Raphael Lotilla.
