Lhyfe Secures €53 Million Financing for Green Hydrogen Expansion in Europe
Key Ideas
- Lhyfe, a prominent green hydrogen producer, secures €53 million to establish four production sites in France and Germany.
- The financing, a combination of debt, grants, and equity, aims to support Lhyfe's industrial expansion, totaling 30 MW of electrolysis capacity.
- Key investors like Edmond de Rothschild Asset Management, Triodos Bank, and Sienna Investment Managers, with bridge financing from BPCE, demonstrate increased investor confidence in green hydrogen.
- The growing interest among financial players in green hydrogen reflects its importance in the European energy transition.
Lhyfe, a significant player in the green hydrogen industry, has successfully secured €53 million in financing to establish four production sites across France and Germany. This marks a milestone in Europe, showcasing a surge in investor confidence in green hydrogen technologies. The production sites are located in Buléon and Schwäbisch Gmünd, with plans for future expansion in Isère and Somme, totaling 30 MW of electrolysis capacity. The financing strategy adopted by Lhyfe combines debt, grants, and equity to facilitate the company's industrial expansion. Notable investors such as Edmond de Rothschild Asset Management, Triodos Bank, and Sienna Investment Managers, along with bridge financing from BPCE, highlight the strong support for green hydrogen projects. This development signifies the increasing interest and investment in green hydrogen within the financial sector, emphasizing its pivotal role in driving the European energy transition towards sustainability.