receives from the French government a grant of up to €149m for large-scale production of green and renewable hydrogen near Le Havre in France
Summary
Nantes (France), 18 March 2024, 5:40 p.m. Lhyfe (EURONEXT: LHYFE), one of the worlds pioneers in green and renewable hydrogen production, has received confirmation from the French government of a financial support in the form of a grant of up to 149 million for the construction of a green hydrogen production plant with an installed electrolysis capacity of 100 MW near Le Havre. This project, led by Lhyfe for over two years, has been approved by the European Commission as part of the third wave of IPCEI (Important Projects of Common European Interest) on hydrogen.Matthieu Guesn\xe9, CEO of Lhyfe and Roland Lescure, Delegate Minister for Industry and EnergyDuring its visit today to Le Havre for the 7th Rencontres de lAxe Seine, Roland Lescure, French Delegate Minister for Industry and Energy, confirmed the French governments support of up to 149 million for Lhyfes project, at the heart of Le Havres low-carbon industrial zone.With this project, Lhyfe intends to produce up to 34 tonnes of green hydrogen per day near the Grand Canal du Havre, one of Europes largest industrial port areas. This project meets the challenges of the industrial port zone of Le Havre: a 100 MW site, capable of producing up to 34 tonnes of decarbonated hydrogen per day. The regions needs are present and massive, and we can meet them right now with a clean, mature and appropriate technology.This project has been selected by the French government as part of the third wave of the IPCEI hydrogen program approved by the European Commission. Its production sites and portfolio of projects intend to provide access to green and renewable hydrogen in industrial quantities, and enable the creation of a virtuous energy model capable of decarbonising entire sectors of industry and transport.In 2021, Lhyfe inaugurated the first industrial-scale green hydrogen production plant in the world to be interconnected with a wind farm.