Lhyfe's Milestone: First European Green Hydrogen Citizen Funding Campaign
Key Ideas
  • Lhyfe raised €2.5mn through a citizen funding campaign, attracting nearly 1,200 investors, showcasing a growing interest in green hydrogen solutions.
  • The company witnessed a revenue quadrupling in 2024, reaching €5.1mn, and operates four production sites in France and Germany.
  • Lhyfe employs a multi-source financing strategy, combining equity, subsidies, and bank loans, totaling around €449mn to date to support its projects.
  • In line with the EU's goal of 40 GW green hydrogen capacity by 2030, Lhyfe's expansion contributes to an industrial sector meeting the growing demand in mobility and industry sectors.
Lhyfe, a green and renewable hydrogen producer, successfully completed its first European citizen funding campaign, raising €2.5mn from close to 1,200 investors through the Lita.co platform. This initiative marked a breakthrough in the sector, showing strong public interest in green hydrogen production solutions and innovative funding models in the energy field. The funds raised will support the development of four sites in France and Germany, enhancing Lhyfe's position in the European market. The company's revenue soared in 2024 to €5.1mn, underlining its growth trajectory. Lhyfe currently operates four production sites with a total electrolysis capacity exceeding 20 MW, enabling significant daily green hydrogen production. To bolster its projects, Lhyfe adopts a diversified financing approach, securing a total of approximately €449mn through a blend of equity, subsidies, and bank loans. Aligned with the EU's ambitious target of achieving 40 GW green hydrogen capacity by 2030, Lhyfe's contribution to the sector is crucial. The company's focus on citizen engagement in financing endeavors not only strengthens energy sovereignty but also supports local industrial revitalization. Lhyfe's CEO, Matthieu Guesné, emphasizes the importance of involving citizens in shaping the future of the green hydrogen market, highlighting the relevance of decentralized participation in energy transitions.
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