Hanoi, April 12, 2025 – HDF Energy, leading developer of large-scale hydrogen infrastructure and manufacturer of high-power fuel cells, has signed a Memorandum of Understanding (MoU) with Stavian Group, one of Vietnam’s large-scale industrial-technology and trading corporations. The strategic partnership will explore the deployment of HyPower hydrogen-to-power infrastructures in Vietnam, aiming to accelerate the country’s energy transition and decarbonize the industrial sector. The MoU was signed during a formal ceremony in Hanoi, held in conjunction with the official visit of the French Minister Delegate for Foreign Trade, Lauren Saint-Martin, and was attended by distinguished representatives from the Ministries, state-owned Enterprises and private sector entities.
Vietnam’s industrial sector is rapidly expanding, contributing significantly to the country’s energy demand and emissions. Low-carbon hydrogen offers a transformative opportunity to help meet the country’s clean energy goals. While advancing the use of low-carbon hydrogen is essential, it is equally vital to explore its wider integration across the industrial supply chain, particularly in sectors with high hydrogen consumption such as petrochemicals and refineries. To meet these challenges, HDF Energy is partnering with Stavian Group, a leading Vietnamese industrial-technology and trading corporations with extensive expertise in the chemical and energy sectors, to jointly conduct feasibility studies and explore opportunities for implementing HDF’s HyPower projects in Vietnam and across the region.
HyPower infrastructures are multi-MW fuel cell power plants harnessing the potential of low-carbon hydrogen, sourced from hydrogen transportation networks or by-product hydrogen produced by key industries, to generate competitive, dispatchable electricity.
Mathieu Geze, Director for APAC at HDF Energy, shared: “This MoU represents a significant milestone in advancing hydrogen infrastructure in Vietnam. Stavian’s strong presence in the petrochemical sector, combined with its clear commitment to sustainable development, makes it an ideal partner for deploying our Hypower solutions. Together, we aim to support Vietnam’s energy transition and contribute to the country’s vision of achieving net-zero emissions by 2050.”
Mr. Tony Dinh, Chairman cum CEO of Stavian Group, stated: “We are honored to partner with HDF Energy – a global pioneer in hydrogen-based energy solutions. This MoU marks a new chapter in Stavian Group’s green energy transition strategy and reinforces our strong commitment to responsible industrial development and sustainability. We believe that combining Stavian Group’s industrial capabilities and market insights with HDF Energy’s cutting-edge technology will help accelerate the growth of Vietnam’s clean energy ecosystem, contributing to the nation’s goal of achieving net-zero emissions by 2050.“
ABOUT STAVIAN GROUP
Founded in 2009, Stavian Group is a large-scale multinational industrial-technology and trading corporation that operates in over 30 countries and exports to over 100 countries and territories. Stavian Group is currently focused on the core business in industrial manufacturing and related ecosystems, encompassing 05 key sectors: industrial production, high technology, industrial infrastructure development, energy transition, trading and investment. In recent years, we have actively shifted focus toward clean energy and circular economy models. Stavian Group is investing in renewable energy solutions, including solar power, biomass, and now hydrogen-to-power projects, as part of its mission to lead Vietnam’s green industrial transformation.
With a strong commitment to sustainability, we are focused on identifying investment opportunities in renewable energy and decarbonization projects in Vietnam, aiming to foster green growth and support the transition to a low-carbon future.
More information, visit: https://stavian.com/vi
ABOUT HYDROGÈNE DE FRANCE (HDF Energy)
HDF Energy is a leading global player in the hydrogen industry, dedicated to developing large-scale hydrogen infrastructure and advanced multi-megawatt fuel cell technology.
These fuel cells generate electricity from hydrogen, driving the decarbonization efforts across the power generation,heavy maritime and rail mobility sectors. Set to commence mass production in 2025 at HDF Energy’s facility near Bordeaux, these fuel cells serve as the cornerstone of the power plants and heavy mobility solutions developed by HDF Energy.
HDF Energy’s Renewstable® power plants deliver non-intermittent renewable, stable and baseload power by seamlessly integrating intermittent renewable energy sources with substantial on-site energy storage in the form of green hydrogen. HDF Energy is also developing extensive infrastructure for the mass production of carbon-free hydrogen.
Backed by a team of over 150 hydrogen experts boasting more than a decade of operational experience across the value chain, HDF Energy is currently developing a portfolio of advanced projects valued at over €3 billion.
Headquartered in France, HDF Energy has regional offices in Latin America, the Caribbean, Africa, and the Asia-Pacific region with 35+ nationalities among its staff. Since 2021, the Group has been listed on the Euronext Paris stock market.
More information, visit: www.hdf-energy.com
