The German Government through KfW will support the development of a green hydrogen market in Georgia in cooperation with the Georgian Ministry of Economy and Sustainable Development and the Georgian Energy Development Fund (GEDF).
The Georgian Government and KfW agreed a few months ago in a Declaration of Intent (Dol) for the “Promotion of Green Hydrogen in Georgia” to develop a first reference project along the green hydrogen value chain.
As a next step, the German Federal Ministry for Economic Cooperation and Development (BMZ) has approved a new grant of EUR 1,3 Mio. for technical assistance to support the introduction of the green hydrogen technology, to develop a conducive legal framework and to elaborate on related topics concerning overall energy security of Georgia.
“With the help of our German partners, Georgia will be the first country in the region to develop hydrogen technologies. This will be a further step towards promoting energy independence and helping to move the energy market to a sustainable low-carbon energy supply,” said Giorgi Chikovani, Director of the Georgian Energy Development Fund (GEDF).
“Diversification of the energy sector and energy security are crucial issues for Georgia, especially against the backdrop of current events in Ukraine. Germany supports Georgia on this path, and our green hydrogen project is an important step in this regard”, says Hubert Knirsch, Ambassador of the Federal Republic of Germany.