Lhyfe Secures Funding for Hydrogen Plant in Sweden
Key Ideas
  • Lhyfe, a renewable hydrogen specialist, secured €11 million for a hydrogen production plant in Vaggeryd, Sweden, supported by the Klimatklivet program.
  • The strategic location of Vaggeryd will cater to the growing demand for hydrogen in transportation and industry, with plans to produce 4.4 tons of hydrogen per day.
  • The investment aligns with Sweden's efforts to promote renewable hydrogen, aiming to reduce fossil fuel dependence and enhance local energy security.
  • Lhyfe's expansion in Europe includes projects in multiple countries, with a 10 GW capacity pipeline, focusing on decentralized production and tailored infrastructure.
Lhyfe, a European leader in renewable hydrogen, has secured €11 million in funding from the Klimatklivet program to support the construction of a hydrogen production plant in Vaggeryd, southern Sweden. The plant, with a capacity of 10 MW, aims to produce 4.4 tons of hydrogen per day to meet the increasing demand in the region for heavy and industrial vehicles. The investment covers a significant portion of the project costs and is part of Sweden's broader push towards renewable hydrogen. This initiative is crucial in reducing reliance on fossil fuels and ensuring local energy supply. Lhyfe's expansion plans in Europe, including its presence in France and Germany, demonstrate its commitment to accelerating the adoption of renewable hydrogen at an industrial scale. The company's focus on tailored infrastructure and decentralized production aligns with its goal of meeting local energy needs effectively.
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