On the occasion of the 5G Techritory forum in Riga, industry players signed a Memorandum of Understanding (MoU) on the development of hydrogen technology. In the context of a fragile global energy situation, the MoU proposes the establishment of a hydrogen technology development consortium, marking an increasingly clear future for hydrogen as an alternative energy source that can address the energy challenges of today.
The aim of the MoU is to promote the development of a strong and cohesive hydrogen ecosystem and related technologies, as well as to accelerate the uptake and capacity of hydrogen innovation, infrastructure, production and applications in Latvia, enabling the hydrogen industry to develop in line with the objectives set by the European Union, contributing both to the Latvian economy and to the achievement of climate goals.
In addition to the MoU, a Latvian Hydrogen Alliance is being established, which will unite industry players and related parties under a single umbrella for the purposes of information exchange, communication, project development and cooperation at both local and international levels.
