Lhyfe and Masdar Join Forces for Large-Scale Green Hydrogen Projects
Key Ideas
- Lhyfe and Masdar signed an MoU at Abu Dhabi Sustainability Week to explore co-development opportunities in large-scale green hydrogen production projects in Europe.
- Masdar aims for a renewable energy portfolio capacity of 100 GW by 2030 and plans to be a leading producer of green hydrogen.
- The collaboration between Lhyfe and Masdar leverages their expertise to accelerate the deployment of large green hydrogen sites for decarbonizing industries on a massive scale.
- The partnership aligns with the UAE's goal to triple global renewables capacity by the end of the decade and highlights the ambitions of both companies to drive the green hydrogen sector forward.
Lhyfe and Masdar have signed a memorandum of understanding (MoU) to explore co-development opportunities in large-scale green hydrogen production projects in Europe. This strategic partnership aims to leverage their expertise and resources to drive the development of the green hydrogen sector. Lhyfe, a leading player in green hydrogen, already has multiple production sites in Europe and a strong pipeline of projects. Masdar, aiming for a renewable energy portfolio capacity of 100 GW by 2030, is committed to becoming a significant green hydrogen producer. Through this collaboration, the two companies aim to accelerate the deployment of large green hydrogen sites to decarbonize industries on a massive scale. Masdar's Chief Green Hydrogen Officer, Mohammad Abdelqader El Ramahi, highlighted their commitment to advancing green hydrogen globally. Lhyfe's Founder and CEO, Matthieu Guesné, expressed the common ambition shared with Masdar to drive large-scale decarbonization using green hydrogen. The partnership underscores the commitment to innovation and sustainability in the energy sector, aligning with the UAE's ambitious targets for renewable energy. The collaboration between Lhyfe and Masdar is a significant step towards accelerating the adoption of green hydrogen and driving the industry forward.