Official press release from LHYFE
Lhyfe :Lhyfe has been awarded a grant of up to EUR 14 million for its first green hydrogen project in Spain in Tarragona
November 22, 2023 at 01:35 am EST
Share
The 15 MW green hydrogen production plant will deliver up to 5 tons of green hydrogen per day to local industrial customers
Aim to start production in 2026
Lhyfe is one of the pioneers of green hydrogen production in Europe with one existing production site and seven production sites under construction

Nantes (France), Madrid (Spain), 22 November 2023, 7:30 am CEST – Lhyfe (EURONEXT: LHYFE), a global pioneer in the production of renewable green hydrogen for transportation and industrial applications, announces the development of a green hydrogen plant (production capacity of up to 5 t/day) in Spain for which it has been awarded a grant of up to €14m from H2 Pioneros. This plant will be Lhyfe's first green hydrogen production site in Spain, while 7 sites are currently under construction in Europe. Lhyfe has about 200 employees [1] dedicated entirely to renewable hydrogen production, with projects in 11 countries and a pipeline of over 10 GW [1] in Europe. The plant will be located in an industrial area in Vallmoll (Tarragona) and will address demand for green hydrogen from different industrial companies in the area. Potential clients include companies active in chemical and others industrial sectors which aim at replacing fossil fuels (grey hydrogen and natural gas) currently used in their production process with green hydrogen, as well as transport or logistics companies looking to replace their fleet (trucks, forklifts) with less polluting vehicles like hydrogen-powered electric vehicles. Lhyfe's project is one of only 14 across Spain in 2023 that were awarded grant financing through H2 Pioneros [2] (out of 81 projects submitted). The grant, which will fund the design phases, the supply of equipment and the construction work, represents about half of the total estimated investment in the project, with first kilos of green hydrogen to be produced in 2026. “We are very happy to have been awarded this grant, which we see as a clear reward of our efforts and as the recognition of our expertise in the production and delivery of green hydrogen to multiples customers over the last two years. It is also a proof of us going the right direction in Spain, and we would like to reiterate our commitment to the Spanish hydrogen strategy and welcome the fact that Spain is focusing on the rapid expansion of a hydrogen infrastructure based on renewable energies. This project will make a significant contribution towards providing competitive green hydrogen for many industrial and transport companies in the province of Tarragona. It will support our objective to increase the penetration of green hydrogen throughout Spain in other similar industrial processes", says Taia Kronborg, Chief Business Officer at Lhyfe. The project's implementation is subject to the granting of operating authorizations and construction permits, as well as to financial investment decisions. About Lhyfe
Lhyfe is a European group devoted to energy transition, and a producer and supplier of green and renewable hydrogen. 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. In 2022, Lhyfe inaugurated the first offshore green hydrogen production pilot platform in the world. Lhyfe is represented in 12 European countries and had 192 staff at the end of June 2023. The company is listed on the Euronext market in Paris (ISIN: FR0014009YQ1 – LHYFE). For more information go to Lhyfe.com
Contacts

Lhyfe : 
	 
Lhyfe has been awarded a grant of up to EUR 14 million for its first green hydrogen project in Spain in Tarragona

Lhyfe electrolyser for green hydrogen production. French green hydrogen producer Lhyfe ( EPA:LHYFE ) said today it plans to build a 15-MW green hydrogen plant in Spain, its first in the country, and has received a grant of up to EUR 14 million (USD 15.2m) for the project. The planned facility will be situated in an industrial area in Vallmoll, Tarragona and is expected to produce up to 5 tonnes of green hydrogen per day for local industrial customers. The site's commissioning is scheduled for 2026. Lhyfe’s project is one of the 14 selected to receive a grant under the EUR-150-million H2 Pioneros programme of the local government. The awarded grant represents about half of the total estimated investment in the project and will be used to fund the design, supply of equipment and construction work. The project’s implementation hinges on the receipt of operating authorisations and construction permits, as well as on financial investment decisions. Lhyfe, which produces renewable green hydrogen for transportation and industrial applications, is working on projects in 11 countries and had a pipeline of over 10 GW in Europe as of end-June. It has seven sites currently under construction. As for the Iberian region, earlier this year the French firm entered into a partnership with Spanish renewables developer Capital Energy to jointly develop offshore renewable hydrogen projects in Spain and Portugal. (EUR 1 = USD 1.090)

Lhyfe unveils plan for 15-MW green hydrogen pant in Spain

November 22, 2023 at 06:13 am EST
Share
Lhyfe is trading higher on the Paris Bourse on Wednesday after securing a 14 million euro grant to develop its first green hydrogen production site in Spain. The funding, obtained under the government's 'H2 Pioneros' program, will enable the company to launch a site with an installed capacity of 15 MW, capable of supplying up to five tons of green hydrogen per day to local industrial companies. Production is scheduled to start in 2026. The plant, to be located in an industrial zone in Vallmoll (Tarragona province), is intended to meet the demand for green hydrogen from various industrial companies in the region. Lhyfe says it is targeting companies in the chemical and other sectors looking to replace the fossil fuels currently used in their production processes with green hydrogen, as well as transport and logistics companies looking to replace their fleets with less polluting vehicles. Lhyfe's project is one of 14 selected in 2023 to receive funding from H2 Pioneros, out of a total of 81 projects submitted. At around 12:00 pm, Lhyfe's share price was up 4.6%, but is still down 46% this year. Copyright (c) 2023 CercleFinance.com. All rights reserved. Share

Lhyfe: 14-million-euro grant awarded in Spain

Lhyfe Has Been Awarded a Grant of up to Eur 14 Million for Its First Green Hydrogen Project in Spain in Tarragona
By FuelCellsWorks November 22, 2023 4   min read  (643 words)
November 22, 2023 | 4 min read
Aim to start production in 2026
Lhyfe is one of the pioneers of green hydrogen production in Europe with one existing production site and seven production sites under construction
Nantes (France), Madrid (Spain)– Lhyfe, a global pioneer in the production of renewable green hydrogen for transportation and industrial applications, announces the development of a green hydrogen plant (production capacity of up to 5 t/day) in Spain for which it has been awarded a grant of up to €14m from H2 Pioneros. This plant will be Lhyfe’s first green hydrogen production site in Spain, while 7 sites are currently under construction in Europe. Lhyfe has about 200 employees [1]  dedicated entirely to renewable hydrogen production, with projects in 11 countries and a pipeline of over 10 GW [1]  in Europe. The plant will be located in an industrial area in Vallmoll (Tarragona) and will address demand for green hydrogen from different industrial companies in the area. Potential clients include companies active in chemical and others industrial sectors which aim at replacing fossil fuels (grey hydrogen and natural gas) currently used in their production process with green hydrogen, as well as transport or logistics companies looking to replace their fleet (trucks, forklifts) with less polluting vehicles like hydrogen-powered electric vehicles. Lhyfe’s project is one of only 14 across Spain in 2023 that were awarded grant financing through H2 Pioneros [2]  (out of 81 projects submitted). The grant, which will fund the design phases, the supply of equipment and the construction work, represents about half of the total estimated investment in the project, with first kilos of green hydrogen to be produced in 2026. “We are very happy to have been awarded this grant, which we see as a clear reward of our efforts and as the recognition of our expertise in the production and delivery of green hydrogen to multiples customers over the last two years. It is also a proof of us going the right direction in Spain, and we would like to reiterate our commitment to the Spanish hydrogen strategy and welcome the fact that Spain is focusing on the rapid expansion of a hydrogen infrastructure based on renewable energies. This project will make a significant contribution towards providing competitive green hydrogen for many industrial and transport companies in the province of Tarragona. It will support our objective to increase the penetration of green hydrogen throughout Spain in other similar industrial processes”, says Taia Kronborg, Chief Business Officer at Lhyfe. The project’s implementation is subject to the granting of operating authorizations and construction permits, as well as to financial investment decisions. About Lhyfe
Lhyfe is a European group devoted to energy transition, and a producer and supplier of green and renewable hydrogen. 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. In 2022, Lhyfe inaugurated the first offshore green hydrogen production pilot platform in the world. Lhyfe is represented in 12 European countries and had 192 staff at the end of June 2023. The company is listed on the Euronext market in Paris (ISIN: FR0014009YQ1 – LHYFE). For more information go to  Lhyfe.com
Contacts

Lhyfe Has Been Awarded a Grant of up to Eur 14 Million for Its First Green Hydrogen Project in Spain in Tarragona

Lhyfe Unveils €14M Grant for Green Hydrogen Plant in Spain
Lhyfe, a global leader in renewable green hydrogen production, has secured a grant of up to €14 million from H2 Pioneros for the development of a green hydrogen plant in Spain. Lhyfe’s green hydrogen plant in Vallmoll, Tarragona, Spain, signifies the company’s commitment to revolutionizing the renewable energy landscape. With a production capacity of up to 5 tons per day, the plant aims to meet the increasing demand for green hydrogen in industrial applications and transportation. Lhyfe, known for its expertise in renewable hydrogen production, boasts a dedicated team of around 200 employees, and this project adds to the seven sites currently under construction across Europe. The plant’s strategic location in an industrial area addresses the growing need for green hydrogen from various industrial players. Potential clients span chemical and other industrial sectors seeking to transition from fossil fuels to green hydrogen in their production processes. Additionally, transportation and logistics companies looking to embrace hydrogen-powered electric vehicles will find a sustainable solution in Lhyfe’s green hydrogen. The grant from H2 Pioneros, one of only 14 awarded in Spain in 2023, represents a significant investment in the project, covering design, equipment supply, and construction phases. The plant is anticipated to start producing its first kilos of green hydrogen in 2026. This development aligns with Spain’s broader efforts to enhance its hydrogen infrastructure, promoting the adoption of renewable energies in various industries. Lhyfe’s venture into Spain marks a pivotal moment in the country’s journey towards sustainable and renewable energy.

Lhyfe Unveils €14M Grant for Green Hydrogen Plant in Spain

Operator of wind farms in France. This company operates 19 wind farms in France with a total installed capacity of 194.5 MW. [Keywords: cleantech, energy/electricity generation, wind]

Kallista Energy

For the first time , the emerging green hydrogen market , supported by the French Government and the European Union , has provided sufficient visibility for a corporate power purchase agreement to be signed and for Kallista Energy to secure bank financing for the repowering of a wind park .

Lhyfe : 
	 
Lhyfe and Kallista Energy sign a Corporate Power Purchase Agreement

EXOGEN Hydrogen Solutions provides end-to-end hydrogen energy solutions. It provides technology for solar to produce the lowest cost of energy to power its economy. It specializes in green hydrogen production, solar power, industrial hydrogen boilers, zero-emission heat and power, and many more. It was founded in 2021 and is based in London, United Kingdom.

EXOGEN Hydrogen Solutions

Two avenues for growth : First , the partnership with Exogen Hydrogen Solutions can lead to significant capacity growth for the existing pipeline of projects at Lhyfe , servicing a large new end-market in industrial steam .

Lhyfe : 
	 
Lhyfe and Exogen partner to scale up green hydrogen production for industrial steam, mobility, and district heating applications in Europe

VSB Group specializes in the operation of wind and solar energy projects.

VSB Group

Nantes & Nîmes -LRB- France -RRB- , 7 September , 7:30 am -- Lhyfe -LRB- Euronext : LHYFE -RRB- , one of the world 's pioneers in green and renewable hydrogen production , and VSB Group énergies nouvelles , an independent producer of electricity from renewable energy , are announcing the signing of a long-term renewable electricity supply contract -LRB- Corporate PPA -RRB- .

Lhyfe : 
	 
Lhyfe and VSB énergies nouvelles sign a first long-term contract for the supply of renewable electricity

TSE operates solar power plants on the ground and industrial roofs. It sees the design, financing, construction, supervision, and operational management of a chain of solar power plants in order to transform solar energy into electricity. The company was founded in 2012 and is based in Valbonne, France.

Capital Energy is a renewable Spanish energy company.

Capital Energy

Siepel

Agilent Technologies

Funding Date

Pre-Money Valuation

Post-Money Valuation

Amount Raised

Shares Authorized

Issuance Price

Dividend Rate

Liquidation Preferences

Liquidation Price

Participation

Conversion Price

Anti Dilution

General Voting

Board Voting

Par Value

Companies in the Renewable Energy space, including solar, wind, hydro, geothermal, and nuclear energy providers, as well as related software developers.

Renewable Energy

Companies in the Energy Storage space, including those developing and manufacturing energy storage solutions such as lithium-ion batteries, solid-state batteries, and related software for battery management.

Energy Storage

Companies that are engaged in the production, utilization, or storage and distribution of hydrogen energy. This includes, but is not limited to, companies that manufacture hydrogen, those that convert hydrogen into usable energy, and those that store and distribute hydrogen.

Hydrogen Energy Tech

Corporate Minority

Seed VC

Series A

Private Equity

Lhyfe (EURONEXT: LHYFE) specializes in the production of green and local hydrogen. Lhyfe is a player in the renewable hydrogen for the decarbonization of mobility and industry. Lhyfe serves the green market. It was founded in 2018 and is based in Nantes, France.

Name	Work History	Title	Status
Matthieu Guesne	CEA, Siepel, and Agilent Technologies	Founder, Chief Executive Officer	Current
Subscribe to see more	Subscribe to see more	Subscribe to see more	Subscribe to see more
Subscribe to see more	Subscribe to see more	Subscribe to see more	Subscribe to see more
Subscribe to see more	Subscribe to see more	Subscribe to see more	Subscribe to see more

Name	Matthieu Guesne	Subscribe to see more	Subscribe to see more	Subscribe to see more
Work History	CEA, Siepel, and Agilent Technologies	Subscribe to see more	Subscribe to see more	Subscribe to see more
Title	Founder, Chief Executive Officer	Subscribe to see more	Subscribe to see more	Subscribe to see more
Status	Current	Subscribe to see more	Subscribe to see more	Subscribe to see more

Wells Fargo Success Story

Professional Services

Platform Overview

Lhyfe

Executives

Lhyfe Management Team

4 Team Members