Hydrogène de France (HDF Energy), based in Bordeaux, has revealed its financial results for 2024, exhibiting remarkable growth with consolidated annual revenue reaching €11.1mn compared to €3.9mn in 2023. The surge in revenue was primarily driven by the successful delivery of two fuel cells for the CEOG project, valued at €9.7mn, marking a significant commercial milestone. The company underwent a strategic refocus to prioritize assets attracting potential investors by 2025, alongside progress in Caribbean projects, leading to a decrease in overall investment budget to USD3bn for improved profitability. HDF Energy's industrial project in Blanquefort, supported by the French government under the IPCEI scheme, reached a milestone with total investments nearing €35mn since 2022, although no revenue has been recognized yet. Despite a net loss of €10.9mn in 2024, the company maintained financial stability with consolidated cash holdings of €39.2mn at year-end, following investments in the Blanquefort facility. The workforce increased to 125 employees, reflecting heightened industrial activity, and CEO Damien Havard expressed confidence in the team's readiness to tackle future challenges and scale operations.