(Boursier.com) — Lhyfe climbed 10% to 7.96 euros on Tuesday, while the pioneering company in the production of green and renewable hydrogen for transport and industry, announced this morning a 49% stake in the capital of the company Finnish company Flexens, developer of green and renewable hydrogen projects and so-called “Power-to-X” projects. A first investment for Lhyfe, which illustrates its desire to develop rapidly in countries focusing on green and renewable hydrogen. The two entities are thus accelerating their commercial deployment and their projects in Finland.
Founded to capitalize on the unique expertise acquired within the framework of the Smart Energy Åland (SMÅ) research program, Flexens has developed since 2018 significant skills in the modeling of energy systems and in the development of projects.
The company, which now has 19 people, aims to become a leader in green and renewable hydrogen and Power-to-X (transformation of electricity into another energy carrier) from renewable energy sources. The company is aligned with Finland’s ambitions to become a European leader in Power-to-X.
Lhyfe and Flexens have started their first collaborations on joint projects in 2020… Now officially linked, the companies will combine their expertise, their market knowledge and their commercial pipelines to accelerate current projects and identify new opportunities in the countries in northern Europe, in particular linked to major offshore projects, in order to achieve the decarbonization objectives they have set themselves.
“This equity investment will be accompanied by closer collaboration between the two companies, which have been working on joint projects since 2020” underlines Portzamparc, who believes that this should result in “an acceleration of Lhyfe’s projects in Northern Europe , in particular offshore. At this stage the details of the transaction have not been communicated. The publication of the results, tomorrow morning, will be an opportunity to come back to this operation”comments the analyst who is aiming for a price of 10 euros while remaining on the alert. purchase on file.
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