Lhyfe and Masdar Partner to Accelerate Green Hydrogen Production in Europe
Key Ideas
- Lhyfe and Masdar signed an MoU to explore co-development opportunities in large-scale green hydrogen production projects in Europe.
- The partnership aims to collaborate across the green hydrogen value chain and focus on developing significant projects to drive the sector.
- Masdar plans to achieve a renewable energy portfolio capacity of 100GW by 2030 and aims to be a leading green hydrogen producer, targeting 1 million tonnes per annum globally.
- Both companies seek to leverage their expertise to accelerate the deployment of large-scale green hydrogen sites to combat greenhouse gas emissions.
Lhyfe, a green hydrogen producer, and Masdar, a clean energy leader in the UAE, signed a Memorandum of Understanding during Abu Dhabi Sustainability Week 2025. The agreement focuses on exploring co-development opportunities for large-scale green hydrogen production projects in Europe. Lhyfe, with existing green hydrogen production sites and projects under construction, showcases a significant industrial capacity. Masdar, aiming for a renewable energy portfolio capacity of 100GW by 2030, sees this partnership as a strategic move towards becoming a leading green hydrogen producer. Both companies aim to collaborate and invest in green hydrogen projects to drive the sector's growth. The partnership is viewed positively, with a shared commitment to decarbonizing industries through the accelerated deployment of large-scale green hydrogen projects.
Topics
Green Hydrogen
Renewable Energy
Innovation
Sustainability
Investment
Partnership
Decarbonization
Collaboration
Industry
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