The memorandum signed expresses the intention of the parties to jointly develop both the green hydrogen pilot plant and its full value chain (including supply and demand). 
According to the First Deputy Minister of Economy and Sustainable Development of Georgia, Romeo Mikautadze, the government pays special attention to the prospects of hydrogen energy development in Georgia. 
"In this direction, the Ministry of Economy is working very actively together with relevant sub-agencies, and the pilot project, the memorandum of which has been signed today, is a good example of this active work and mutual cooperation. I think that the development of ecological hydrogen energy in our country has a good foundation, and this direction will play an important role in ensuring energy security of Georgia, which is one of our priority tasks," said Romeo Mikautadze.
As Romeo Mikautadze stated, in the first stage of the project, it is planned to carry out appropriate technical and economic and other necessary studies with the financing of the German side.