Lhyfe, a pioneer and pure player in renewable green hydrogen, has inaugurated its first production site in Bouin (Vendée). It is the first in the world to produce renewable green hydrogen using wind power on an industrial scale, and this the first of many such sites to come, since Lhyfe has already confirmed some sixty or so projects throughout Europe.
To support this rapid growth, Lhyfe raised funds for the second time in its history, securing EUR 50 million in a Series A financing round and welcoming SWEN Capital Partners and Banque des Territoires onboard alongside its original investors.
The funds raised will go towards supporting Lhyfe’s development in France and abroad, through the strengthening of its teams and the funding of R&D and new projects.
A few metres from the ocean in Port-du-Bec in Vendée, Lhyfe is now producing the first renewable green hydrogen in the world made using an electrolyser powered directly by wind turbines, and in industrial quantities (up to a tonne a day) – which represents a major technical achievement.
The site currently produces 300 kilograms a day but will ramp up to a tonne a day in the coming months. Lhyfe’s hydrogen will supply four refuelling stations in western France including La Roche-sur-Yon, which will be operational in the next few days. Some fifty or so heavy vehicles, buses and refuse collectors will be powered by renewable green hydrogen in Loire-Atlantique, Sarthe, and Vendée at first, then in other French departments, under the VHyGO project in particular.
In addition to communities, Lhyfe will soon reveal the names of other operators that it will be supplying, in sectors such haulage, logistics and industry, which are also seizing the real decarbonisation opportunity that its hydrogen offers.
Capitalising on the know-how developed for the construction and commissioning of this first industrial site, Lhyfe is duplicating this site and, in parallel, deploying facilities with larger-scale production capacity to meet local needs (up to 100 times higher capacity in Denmark).
Lhyfe’s first R&D centre, adjacent to the production site, is dedicated primarily to optimising its production process and to offshore development work. It is already prepared to produce hydrogen at sea, through a first renewable hydrogen production demonstrator that will be implemented in a few months off the coast of Loire-Atlantique.
This site was co-financed by the Community of Communes of Challans-Gois, the Pays de la Loire Region, Bpifrance, built jointly with local stakeholders from the Vendée department.
Matthieu Guesné, CEO and founder of Lhyfe says, “A year after laying the foundation stone, we are extremely proud to be launching this site, which is symbolic of course for us, but also for what it represents for energy transition. Our gratitude goes to our five initial partners, who have made this ‘mad’ project to change our energy model possible. Now we have succeeded this first step, we are ready to move faster.”