Lhyfe doubles its annual turnover – 01/31/2024 at 08:48


(AOF) – Over the year 2023, Lhyfe more than doubled its turnover, to 1.3 billion euros compared to 0.6 million in 2022. In the second half of the year, the European producer and supplier of green hydrogen and renewable continued to expand its customer portfolio in France and also began to build its portfolio across the Rhine with the first customers delivered to Germany. At the end of 2023, the Lhyfe commercial pipeline represented a total installed electrolysis capacity of 9.9 GW (versus 9.8 GW in December 2023).

In December 2023, Lhyfe concluded an inaugural syndicated loan with its banking partners for an amount of 28 million euros, which strengthens its financial resources in order to support its development, diversify its sources of financing and strengthen its balance sheet. This financing, with maturities of between 5 and 15 years, is a first for a pure player in the renewable hydrogen sector.

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