MANILA – The German-Philippine Chamber of Commerce and Industry (GPCCI) said it was exploring the potential of the Philippine green hydrogen market as a future energy source.
“The German-Philippine Chamber of Commerce and Industry, on behalf of the German Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV), is currently evaluating the potential of market for green hydrogen and fuel cell applications in urban and remote areas in the Philippines,” GPCCI said in a statement on Monday.
GPCCI executive director Christopher Zimmer said Germany’s green hydrogen technology know-how can help the country increase the share of renewables in its energy mix, as well as reduce emissions. of greenhouse gases.
“We are convinced that German technology providers can greatly contribute to the country’s energy transition,” Zimmer said.
He added that the amendments to the Foreign Investment Law and the Civil Service Law will facilitate opportunities between German and Filipino companies to join forces to explore and invest in this sector.
Mark Shiels, vice president of energy systems at German hydrogen technology company H2 Core Systems GmBH, said the Philippines stands to benefit from investment in hydrogen technology because it plays a important in climate protection.
“In the Philippines, a geographically dispersed country, the use of green hydrogen and fuel cell technology can be an environmentally friendly alternative to diesel generators, which are widely used as backup power in urban areas and as power source in remote off-grid areas,” Shiels said.
Green hydrogen is part of Germany’s goal of zero greenhouse gas emissions by 2050 by investing in research and technology development, as well as business cooperation and partnership with others country.
Meanwhile, the Ministry of Energy has been researching hydrogen as an alternative energy source that will significantly help reduce the country’s carbon emissions.
It recently partnered with Australian and Japanese companies to explore the potential of hydrogen as the country’s future energy source. (NAP)