Lhyfe's Green Hydrogen Projects Shortlisted in the UK
Key Ideas
- Lhyfe's green hydrogen production projects in Wallsend and Kemsley have been shortlisted by the UK government under HAR2, highlighting their importance in the UK's energy transition.
- The projects, with long-term price support for hydrogen production, aim to supply green hydrogen to industrial users and contribute to decarbonization efforts in the UK.
- Lhyfe's proven expertise in green hydrogen production, with successful operations in Europe, positions them as a key player capable of developing and operating high-capacity sites in the UK.
- With potential government support and increased demand for green hydrogen in the UK, Lhyfe aims to boost the country's energy security, create economic opportunities, and expand offshore hydrogen production.
Lhyfe, a pioneer in green and renewable hydrogen production, has reached a significant milestone in the UK as two of its green hydrogen projects have been shortlisted by the UK government under the Hydrogen Allocation Round 2 (HAR2). The projects in Wallsend, North Tyneside, and Kemsley, Kent, aim to supply green hydrogen to industrial users and transport operators, supporting the growth of the UK's hydrogen economy and decarbonization efforts.
The HAR2 mechanism provides long-term price support through a Contract for Difference (CfD), ensuring a fixed price for hydrogen production over fifteen years. This financial support enhances the projects' viability for both producers and offtakers. Lhyfe's track record in green hydrogen production, with operational sites in Europe, demonstrates their capability to develop and operate high-capacity sites in the UK.
Lhyfe's commitment to energy transition and renewable hydrogen is further highlighted by their strategic positioning of an 80 MW onsite plant in Kemsley and a 20 MW facility in Wallsend. These projects, once finalized with government agreements and permits, aim to reinforce the UK's energy security, reduce reliance on fossil fuels, and create new economic opportunities.
Through their UK subsidiary, Lhyfe aims to cater to the increasing demand for green hydrogen among British companies. With the government's support and expertise in operating green hydrogen sites, Lhyfe envisions becoming a major supplier of green hydrogen in the UK. The company also plans to explore offshore hydrogen production, leveraging the UK's vast offshore wind potential.
Lhyfe's positive sentiment is echoed by Boris Davis, Head of Business Development UK, who expresses delight in the projects' shortlisting and emphasizes the government's confidence in Lhyfe's capabilities. The company's dedication to energy transition and green hydrogen production is evident in its European presence and numerous ongoing projects aimed at decarbonizing industries and transport sectors.
Topics
Green Hydrogen
Renewable Energy
Energy Transition
Economic Development
Government Support
European Expansion
Industrial Decarbonization
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