France Invests €149 Million in Lhyfe's Green Hydrogen Plant in Le Havre
Key Ideas
  • Lhyfe secures a €149 million grant from France for a green hydrogen facility near Le Havre, aiming to produce up to 34 tonnes of green hydrogen daily.
  • The funding is part of France's commitment to decarbonisation and green energy solutions, supporting the country's goal of 4.5 GW of installed electrolysis capacity by 2030.
  • The Green Horizon project in Normandy, validated by the European Commission, signifies a significant step towards achieving decarbonisation targets in France and Europe.
  • Lhyfe's CEO views the grant as a vote of confidence, showcasing the company's innovative capabilities and commitment to driving industrial decarbonisation through large-scale green hydrogen production.
Lhyfe, a key player in the green hydrogen sector, has received a substantial boost with a €149 million grant from the French government for its upcoming green hydrogen production facility near the Grand Canal of Le Havre. The plant, a part of the Green Horizon project, is set to become one of France and Europe's first large-scale plants producing decarbonised hydrogen via water electrolysis. It aims to reach a production capacity of 34 tonnes of green hydrogen per day by 2029, supporting the decarbonisation needs of industries and mobility sectors in the region. The phased funding plan, with an initial €18 million advance and subsequent payments tied to project milestones, ensures the project's progress over the next four years. The support from both France and the European Commission underscores the importance of Lhyfe's initiative in advancing decarbonisation goals. With necessary permits and environmental authorisations in place, Lhyfe is poised to lead a significant industrial shift towards reducing fossil fuel dependence and meeting greenhouse gas emission reduction targets. This project not only showcases Lhyfe's technological prowess but also sets a precedent for future large-scale hydrogen production facilities, marking a milestone in driving sustainable energy solutions.
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