Lhyfe, a green hydrogen producer, and Ugitech, a subsidiary of Swiss Steel Group, have entered into a memorandum of understanding to set up a green hydrogen production unit at Ugitech’s site in Ugine, Savoie, France. The primary goal of this partnership is to decarbonize a portion of Ugitech's operations and contribute to local efforts in mobility decarbonization. Swiss Steel Group aims to integrate green hydrogen into the Ugitech plant as part of its decarbonization strategy, potentially reducing 16,000 tons of CO2 emissions per year from its steel production of 200,000 tons. This collaboration marks Lhyfe's first venture with a steel manufacturer, with plans to establish a green hydrogen unit capable of producing up to 12 tons per day at the Ugitech plant. The partners are now moving into the feasibility study phase, during which the project's progress will depend on the study results, along with meeting regulatory requirements, obtaining permits, and making financial decisions.