Lhyfe Secures €149M Grant for Green Hydrogen Plant in Le Havre
Key Ideas
- Lhyfe, based in Nantes, France, secured a €149M grant from the French government for its 'Green Horizon' project aimed at producing up to 34 tonnes of green hydrogen daily near Le Havre.
- The project, selected by the European Commission under IPCEI, signifies a significant step towards decarbonizing the industrial-port area and achieving ambitious hydrogen capacity goals by 2030.
- Lhyfe's CEO, Matthieu Guesné, expressed pride in the grant, emphasizing the recognition of their innovation, technological capabilities, and ability to collaborate with international partners.
- The company plans to complete the production site by 2029, contributing to the decarbonization of industries and transportation in the region, aligning with the French National Hydrogen Strategy's targets.
Lhyfe, a company based in Nantes, France, specializing in green and renewable hydrogen production, recently received a €149M grant from the French government for its 'Green Horizon' project. The project, located near the Grand Canal of Le Havre, aims to produce up to 34 tonnes of green hydrogen daily. This initiative was part of the European Commission's Important Projects of Common European Interest (IPCEI) dedicated to hydrogen. The grant was officially confirmed in 2024, reflecting the government's confidence in Lhyfe's capabilities to innovate and address complex technological challenges.
Matthieu Guesné, the founder and CEO of Lhyfe, highlighted the grant as a significant milestone that showcases the company's commitment to decarbonization and investment in cutting-edge technologies. The partnership with Bpifrance for public funding will support the project, with an initial advance of €18M to kickstart new phases. The completion of the facility by 2029 will mark a crucial achievement in industrial decarbonization in France and Europe.
Lhyfe, with its experience in producing and delivering green hydrogen, aims to contribute to the French National Hydrogen Strategy's goals of achieving 4.5 GW of hydrogen production by 2030. The company's expansion across Europe and its robust hydrogen transport fleet demonstrate its commitment to sustainable energy solutions. Overall, Lhyfe's Green Horizon project signifies a positive step towards a greener and more sustainable future in the hydrogen industry.
Topics
Europe
Renewable Energy
Sustainability
Grant Funding
Economic Development
European Commission
Industrial Decarbonisation
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