Germany: The German Embassy announced on Tuesday, April 19 that the Government of Georgia has set aside €1.3 million through the German Development Bank to help the implementation of green hydrogen technology and the development of appropriate legislative frameworks in Georgia.
The project on the Promotion of Green Hydrogen in Georgia will also strive to expand on subjects addressing the country’s overall energy security in collaboration with the Georgian Economy Ministry and the Georgian Energy Development Fund.
Georgia will be the first nation in the area to develop hydrogen technology, according to GEDF Director Giorgi Chikovani, who added, “this will be a further step towards fostering energy independence and help to move the energy market; to a sustainable low-carbon energy supply.”
The project, according to German Ambassador Hubert Knirsch, is a “significant step” in the country’s energy diversification and energy security amid the Ukraine conflict.
Moreover, the Government of Georgia and KfW reached an agreement several months ago in a Declaration of Intent for the Promotion of clean energy in Georgia, which involves the development of a first reference project along the green hydrogen value chain, according to the embassy.
Georgia signed an agreement with KfW in November to promote clean and renewable energy in the nation, under which the study of green hydrogen potential began in the country.
Since 1993, the KfW Development Bank has been supporting projects in Georgia in the areas of energy, environment, sustainable economic development, and sustainable urban development.
Green hydrogen is hydrogen produced using renewable energy or low-carbon energy sources. Green hydrogen emits much less CO2 than grey hydrogen, which is made by steam reforming natural gas and accounts for the majority of the hydrogen market.