Lhyfe, a leading producer of green and renewable hydrogen, reported impressive financial results for the first half of 2024, with revenue reaching €1.7m, a fourfold increase compared to the same period in 2023. The company attributed this growth to a consolidation of its client portfolio and the signing of multiple offtake contracts, notably with H2 Mobility in Europe. The Bouin production site in France is currently running at full capacity, achieving a 100% delivery success rate. Plans are underway to expand production capacity at the site to meet rising demand. Lhyfe also received significant grant funding, including a notable €149m grant from the French government for the Green Horizon project near Le Havre. The company's strong financial position, with €93m in cash available, reflects its robust growth trajectory. Expansion efforts include the installation of two new production sites in France and the operation of a green hydrogen plant for Deutsche Bahn in Tübingen, Germany. The company's founder emphasized the team's efficiency in navigating industry changes and reiterated a commitment to innovation and scaling up operations for global impact.