French Government Provides Record €149 Million Subsidy for Lhyfe's Green Hydrogen Production Plant
Key Ideas
  • Lhyfe secures a significant €149 million grant from the French government for its Green Horizon project, which aims to produce up to 34 tonnes of green hydrogen per day near Le Havre.
  • The project, part of the French National Hydrogen Strategy, will help decarbonize one of Europe's largest industrial port areas, contributing to the region's goals for industry and mobility decarbonization.
  • The public support scheme outlined with Bpifrance includes phased payments based on reaching specific milestones, with the aim of demonstrating the technical feasibility and economic viability of large-scale hydrogen production.
  • Lhyfe, a European pioneer in green hydrogen, has been producing and delivering green hydrogen for over 4 years and aims to lead innovation projects in the green and renewable hydrogen sector.
Lhyfe, a leading producer of green and renewable hydrogen, has secured a substantial €149 million subsidy from the French government for its Green Horizon project. The project involves the construction of a green hydrogen production plant near Le Havre, with an anticipated daily capacity of up to 34 tonnes. This initiative is part of the French National Hydrogen Strategy and has been selected by the European Commission for its strategic importance in decarbonizing industrial activities. The project aims to supply green hydrogen to the industrial port area of Normandy, contributing significantly to regional decarbonization efforts. The funding, facilitated through a public support contract with Bpifrance, will be released in phases based on project milestones. Lhyfe's efforts align with the broader goals of reducing greenhouse gas emissions and transitioning towards sustainable energy solutions, as outlined in the Paris Agreement. As a pioneer in green hydrogen production, Lhyfe has a track record of innovation and successful delivery to customers across Europe. The company's commitment to sustainability and technological advancement positions it as a key player in the European green energy landscape, with ambitious plans for expansion and further decarbonization initiatives.
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