Lhyfe has officially launched its initial public offering (IPO) today (May 9) to support the development of the company’s green hydrogen production technology and ambitions.
The capital increase has soared to over €145m ($152m) and thus will greatly enhance the hydrogen capabilities of the company and actively engage Lhyfe with projects around Europe.
The company has a portfolio of several large-scale, innovative hydrogen projects that can send ripples throughout the industry and contribute to the decarbonisation of hard-to-abate sectors.
Included within this is the ‘world’s first’ green hydrogen production facility directly connected to wind farms which could produce around 300kg per day by 2023.
As well as this, the company additionally is expecting to have a pipeline of around 93 projects representing over 4.8GW of total installed capacity. This could greatly enhance the company’s hydrogen expertise and decarbonisation goals.
Speaking on the announcement, Matthieu Guesne, founder and CEO of Lhyfe, said, “It is with great ambition that today, we are launching our IPO, a new historical stage in Lhyfe’s development.
“Replacing grey hydrogen from fossil energies with green hydrogen is a key element of the energy transition. The green hydrogen produced by Lhyfe is supporting industrial decarbonisation, reducing transport-related carbon emissions and helping to strengthen Europe’s energy independence.
“Demand for green hydrogen is expected to rise significantly over the next few years and our ambition is for Lhyfe top become one pf the leading producers of green hydrogen in Europe.”
Guesne continued, “We founded Lhyfe with the aim of having a strong positive impact on the future f our planet. The daily ambition of Lhyfe’s men and women to do good for the planet while creating value.
“Our ambition is to make Lhyfe a European leader in the green hydrogen sector.”
North American Hydrogen Summit
H2 View is taking its events platform to America’s original clean hydrogen hub of California. Together with the California Fuel Cell Partnership (CaFCP), we will stage our North American Hydrogen Summit in San Francisco on July 14-15.
As our summit theme Building Bridges: Hydrogen hubs and investment suggests, the event will explore the $8bn of funding announced to create at least four regional hydrogen hubs in the US. These hubs will turbo-charge the nation’s progress toward heavy trucking and industrial sectors that run without producing carbon pollution – and they may just provide the path forward to a hydrogen-fuelled future.
With California and Texas vying to be America’s hydrogen capital today, where are the hubs of tomorrow? Further still, what can other states, and countries, learn from California’s success story? And how can we build bridges to a successful flow of international investment?
If you are a member of the CaFCP, be sure to grab your ticket at a discounted rate with a code that can be provided to you by the events team.
Full information about this event including attendance and sponsorship packages can be found here.