Deputy economy minister discusses green hydrogen development prospects at int't forum
Georgian deputy economy minister Romeo Mikautadze on Tuesday spoke about the importance of the development of green hydrogen in Georgia at an international forum organised by the International Energy Agency. Photo: ministry of economy
Tweet 
Share
Georgian deputy economy minister Romeo Mikautadze on Tuesday spoke about the importance of the development of green hydrogen in Georgia at an international forum organised by the International Energy Agency, the ministry of economy said.
Mikautadze told the forum the development of the technology would balance the country’s energy system and contribute to energy security and create new business opportunities.
Although we do not currently have a strategy or action plan that directly addresses hydrogen issues, we have already taken practical steps in this direction”, he said, highlighting the 2021 agreement between his government and the German KfW Development Bank for promoting the development of green hydrogen in Georgia.
Also called renewable hydrogen, green hydrogen is obtained by electrolysis of water, with the process powered entirely by renewable energy and leading to no polluting emissions into the atmosphere and is the cleanest and most sustainable hydrogen.
Georgia’s economy ministry said development of domestic resources and facilitation of transit function were believed to provide economic, political and security boost given the country’s renewable energy potential and favourable geographical location.
The government of Georgia is launching a new support scheme for the companies implementing energy projects in Georgia and need additional incentives to develop further, the ministry of economy announced on Tuesday.
Oliver Varhelyi, the European Union commissioner for neighbourhood and enlargement, on Tuesday told a press briefing in Tbilisi the bloc wanted to have a “partnership in terms of reliable energy supply from Georgia”, and to establish energy security in Georgia, the Caucasus and Europe through the initiative.
The Georgian government expects the country's energy sector to receive investments worth $3 billion over the next three years "if all projects being considered are launched", prime minister Irakli Garibashvili said at the government meeting on Monday.
The United States Agency for International Development (USAID) is launching a new three-year energy program in Georgia to support the development of energy market in the country. The $7.5 million energy program aims to contribute to the development of commercial electricity opportunities in Georgia.
The United States Agency for International Development and Georgian Renewable Power Company have teamed up to develop a solar power project at the Qartli wind farm to increase Georgia's clean energy production capacity during periods of low wind speed in the central municipality of Gori, the USAID announced on Friday.
Georgian Deputy Economy Minister Romeo Mikautadze spoke about Georgia’s energy and transit potential at the ongoing Balkans and Black Sea Forum in Athens, Greece, the Ministry of Economy announced on Tuesday.
Georgia’s energy sector is in “an active phase” of development and the country’s goal is to “effectively” use the “huge” unused potential of renewable energy through hydro, wind, solar, and other energy-sufficient directions, Romeo Mikautadze, Georgia’s Deputy Economy Minister said on Saturday at the 13th session of the Assembly of the International Renewable Energy Agency in Abu Dhabi.
The German Government will allocate €1.3 million through the German Development Bank to support introduction of green hydrogen technology in Georgia, the Georgian Ministry of Economy announced on Tuesday.