Hydrogen - Lhyfe raises 10 million euros from Japanese conglomerate Mitsui & Co. for growth in green hydrogen production
Summary
Lhyfe has developed the world’s first industrial site to produce renewable green hydrogen using power from wind turbines, which it inaugurated in 2021. The company is already active in ten countries in Europe (France, Germany, Belgium, the Netherlands, Denmark, Sweden, Finland, Norway, Spain and Portugal), and has a sales pipeline of over 90 projects, spread across 11 countries and with production start dates between 2022 and 2028. “Lhyfe has developed unique expertise in renewable green hydrogen production, as well as an ability to create ecosystems and a strong vision for the future of the sector” said Hiroshi Kakiuchi, Managing Officer of Mitsui. Founding member of the Hydrogen Council, BNP Paribas has created a Low Carbon Transition group, a network of experts, dedicated to advising, financing and more generally supporting development of a low-carbon economy. BNP Paribas works actively to contribute to the establishment of local ecosystems bringing together all players in the hydrogen value chain and sustainably supports its customers in the large-scale development of the sector.