Green hydrogen supplier, Lhyfe, announced on Monday (May 23) success from a recent initial public offering (IPO) on Euronext Paris, raising €110m ($117m).
The deal is set to help Lhyfe reach its aspirations of becoming a European market leader with 3GW of onshore green hydrogen capacity by 2030.
Following the European Commission’s commitment to triple its hydrogen production in last week’s REPowerEU Plan, it is hoped Lhyfe will be able to up its contribution to the capacity target of 350GW of hydrogen, following these investments.
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