First grant obtained by Lhyfe for one of its projects in Sweden
The 10 MW production plant will supply up to 4 tonnes of green hydrogen per day to local customers in the mobility and industrial sectors
Lhyfe is one of the pioneers of green hydrogen production in Europe, with 4 installed production sites and several sites under construction
Nantes (France), Stockholm (Sweden), June 24, 2024, 7:30 a.m. –
Lhyfe (EURONEXT: LHYFE), one of the global pioneers in the production of green and renewable hydrogen, announces the receipt of a grant of up to 125.6 million Swedish crowns (approximately €11 million) from Klimatklivet, an investment program supported by the Swedish Environmental Protection Agency, to build a green hydrogen production unit in Trelleborg, the southernmost town in Sweden.
The Trelleborg region is a transport hub, with the largest ro-ro port in Scandinavia through which 10% of Swedish exports and imports pass each year (source: Port of Trelleborg).
As transportation and logistics companies look to replace their fleets with less polluting vehicles, such as hydrogen-powered electric vehicles
[1]
this transition will require large quantities of green hydrogen to power hydrogen refueling stations under construction in the region and thus build a sustainable network for carbon-free mobility.
Thanks to this plant, Lhyfe will be able to produce up to 4 tonnes of green hydrogen per day (based on an installed electrolysis capacity of 10 MW) to supply these needs and thus contribute to the efforts deployed towards to achieve carbon neutrality. The first kilos of green hydrogen are expected in 2027.
The grant, which will finance the development and design phases, supply of equipment and construction works, represents approximately 40% of the total estimated investment for this project.
Lhyfe is one of the world pioneers in the production of green and renewable hydrogen by water electrolysis, from units powered by renewable electricity.
The 1
time
Lhyfe factory, located in Pays de la Loire in western France, has been operational since 2
n/a
half-year 2021, and three other units have since been inaugurated in the Occitanie and Brittany regions as well as in Germany. Several other sites are under construction or expansion across Europe. At the end of 2023, Lhyfe had 195 employees entirely dedicated to the production of green hydrogen, with projects in 12 countries and a project pipeline of around 10 GW in Europe.
“We are very pleased to have obtained this grant, which is the first obtained by Lhyfe for one of its projects in Sweden. We see it as a clear reward for our efforts and recognition of our expertise in the production and delivery of green hydrogen to multiple customers over the past two years.
It is also proof that we are moving in the right direction in Sweden. We also want to reiterate our support for the Swedish government’s environmental roadmap and welcome the fact that Sweden is focusing on the rapid expansion of a hydrogen infrastructure based on renewable energy. This project will help provide green hydrogen for mobility in southern Sweden. It will support our goal of increasing the penetration of green hydrogen across the country, both for mobility and industry.”
said
Sara Wihlborg, Head of Sweden at Lhyfe
.
The implementation of the project is subject to the granting of operating authorizations and construction permits, as well as financial investment decisions.
About Lhyfe
Lhyfe is a European group dedicated to the energy transition, producer and supplier of green and renewable hydrogen. Its production sites and project portfolio aim to provide access to green and renewable hydrogen in industrial quantities, and to enter into a virtuous energy model allowing the decarbonization of entire sectors of industry and mobility.
In 2021, Lhyfe inaugurated the world’s first industrial site for the production of green hydrogen in direct connection with a wind farm. In 2022, it inaugurated the world’s first pilot offshore green hydrogen production platform, while two other sites in France were inaugurated in December 2023.
The company currently has several sites under construction or expansion across Europe. Lhyfe is present across 12 European countries and had 195 employees at the end of December 2023. The company is listed on the Euronext market in Paris (ISIN: FR0014009YQ1 – ticker: LHYFE).
More information on Lhyfe.com
Contacts
|
LHYFE – Investor relations LHYFE Yoann Nguyen [email protected] |
LHYFE – Financial press relations NEWS Manon Clairet 01 53 67 36 73 [email protected] |
LHYFE – Business press relations New Seeds Clemence Rebours 06 60 57 76 43 [email protected] |
[1]
In 2030, 6% of all new trucks > 16t sold worldwide are expected to be hydrogen trucks – Source Roland Berger Views on H2 market development, Dec 2023.
This publication has the “🔒 Actusnews SECURITY MASTER” service.
– SECURITY MASTER Key:
xWdqY5iblG3ImJ9qlJ5nnGFka2pql2bJaZLLxZZqk8iVbJ5hxZmUl5iaZnFnmWVp
– To control this key:
https://www.security-master-key.com.
Regulated information:
Inside information:
– Issuer operations (acquisitions, disposals, etc.)
Full and original press release in PDF format:
https://www.actusnews.com/news/86403-20240624_cp-lhyfe-klimatklivet_fr.pdf
© Copyright Actusnews Wire
Receive future company press releases free of charge by email by subscribing to www.actusnews.com