The Children of Armenia Fund (COAF) and HyGreenCo (a subsidiary of French group Solges-Energy) signed an agreement on the construction of the first industrial exhibit of a green hydrogen production network in Armenia.
Deputy Minister of Territorial Administration and Infrastructure Vache Terteryan, French Ambassador to Armenia Anne Louyot, as well as Yerevan's Ambassador to Paris Hasmik Tolmajian attended the ceremony.
Developed by French Research Institutes and Laboratories, the industrial exhibit will provide ecologically clean electricity to the COAF SMART Center in the province of Lori, and then to the village of Debet. The solar station will produce electricity, which will feed the green hydrogen-producing electrolyzer.
The hydrogen produced and stored will then be either supplied to the hydrogen plant or converted into electricity, resulting in consumers receiving electricity without CO2 emissions.
On the one hand, this French-Armenian cooperation will allow French companies to develop their technologies in the field of clean energy, particularly in the field of hydrogen production. On the other hand, it will help Armenia rank among the countries with low carbon emissions and developing green economies.