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Hungary and Serbia sign MoU on hydrogen cooperation

Hungarian Minister of Technology and Industry László Palkovics and Serbian Minister for Mining and Energy Zorana Mihajlovic discussed the use of hydrogen in the energy sector and signed a Memorandum of Understanding (MoU) on cooperation regarding green hydrogen on Monday in Belgrade.

The Hungarian minister underlined that the security of energy supply is on the top of the agenda everywhere in the world and that Hungary and Serbia both prepared their plan for the energy transition and analysed the areas in which the two countries can cooperate.

He pointed out that Hungary and Serbia share many similarities for instance they are both landlocked countries and neither of them has significant energy resources.

Renewable energy sources like solar PV, wind energy or geothermal energy form an essential part of the two countries’ energy transition path, although they raise technological issues, such as the question of energy storage. Hydrogen can offer a viable solution to this problem.

Hungary adopted its hydrogen strategy two years ago and Serbia just adopted its draft Hydrogen Strategy in June, which focuses on green hydrogen. Minister Mihajlovic emphasised that green hydrogen is recognised as a renewable energy source and that the Hydrogen Strategy will be an integral part of the development of Serbia’s energy sector.

After their meeting on Monday, the two ministers signed a Memorandum of Understanding (MoU) on the exchange of experience and potential joint projects regarding the production, storage and transport of hydrogen produced from renewables.

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