Lhyfe Drives Public Support: Europe's First Green Hydrogen Crowdfunding Success
Key Ideas
  • Lhyfe, a leading green hydrogen producer, raised €2.5 million from 1,200 individuals in Europe's first public crowdfunding for green hydrogen, boosting decarbonization efforts.
  • The overwhelming response showcases public confidence in green hydrogen's role in decarbonizing mobility and industry, surpassing typical fundraising figures.
  • The success enables individuals to contribute directly to energy transition, with Lhyfe expanding production capacity to align with EU's 2030 green hydrogen targets.
  • The company's diverse financing approach of equity, grants, and bank financing, totaling €184 million in capital and €240 million in grants, supports its ambitious growth plans.
Lhyfe, a prominent player in green hydrogen production, achieved a significant milestone by concluding Europe's inaugural public crowdfunding campaign dedicated to green hydrogen. The campaign attracted nearly 1,200 investors who contributed a total of €2.5 million to advance the decarbonization of mobility and industry in France and Germany. This achievement not only signifies a leap in public involvement in the energy transition but also reflects a strong belief in the potential of green hydrogen. The initiative allowed individuals to finance green hydrogen production directly, with investments ranging from €300 to €75,000. The remarkable response underscores the growing confidence in the green hydrogen sector and its ability to facilitate the shift towards clean energy sources. The campaign's success surpassed expectations, with figures exceeding the norm for fundraising campaigns, demonstrating a rising interest in accessible investment opportunities for climate action. Lhyfe's successful fundraising will bolster its expansion plans, aiming to increase production capacity to meet the EU's ambitious target of 40 GW of green hydrogen production capacity by 2030. Currently operating in France and Germany, Lhyfe has quadrupled its sales from 2023 to 2024, reaching €5.1 million. The company's financing strategy, which includes equity, grants, and bank financing, has been vital in supporting its growth, with substantial capital raised since its establishment in 2017. Lhyfe's strategic initiatives and strong public backing position it well to play a crucial role in driving the adoption of green hydrogen and advancing the energy transition.
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