French producer Lhyfe advocates for the implementation of long-term subsidies lasting 10-15 years to catalyze the green hydrogen industry in Europe, addressing the higher production costs relative to grey hydrogen. The firm's CEO, Matthieu Guesne, underscores the necessity of feed-in tariffs and contracts for difference to provide the financial stability required for green hydrogen projects to thrive. Lhyfe is strategically focusing on countries with clear targets, support mechanisms, and political commitment to drive the adoption of green hydrogen, including the UK, the Netherlands, Germany, and France. The CEO expects Spain and Italy to introduce similar production support schemes in the future. Despite positive momentum in the EU and various countries worldwide, the complexity of financial incentives for green hydrogen production with renewable energy has been cited as a potential deterrent to investments by French utility Engie. The EU's ambitious goal to produce 10 million tonnes of green hydrogen and import an additional 10 million tonnes by 2030 aligns with efforts to reduce emissions and lessen dependence on imported natural gas, particularly from countries like Russia. Lhyfe, with 10 GW of green hydrogen electrolyser capacity in development, aims to construct around 3 GW by 2030. The company recently secured a partnership with renewables developer OX2 to build a 300 MW hydrogen electrolyser in Sweden, signaling further advancements in the green hydrogen sector.