Turnover: 808000 EUR (2022)

Country: France

Lhyfe is a Nantes-based start-up pioneering technology for industrializing the production of hydrogen from renewable energies for fuel cell vehicles. Its first plant is currently under construction in Bouin, Vendée. a further 40 plants are planned between now and 2023 in France and Europe. The hydrogen is mainly intended for mobility (transport of goods and people) and industry, with the aim of reducing greenhouse gas emissions.

june 16, 2020 - Lhyfe continues to make things happen - source(Les Echos)

  • Lhyfe has raised 8 million euros in seed funding, plus 3 million euros in grants and repayable advances.
  • By 2021, Lhyfe will have built a hydrogen production unit directly connected to a wind farm of eight turbines located in Bouin, Vendée.

News

Hydrogen: the Port of Nantes Saint-Nazaire chooses Lhyfe 28/11/2023

  • Nantes-based Lhyfe has 200 employees.
  • The company is in the process of setting up a 250-megawatt hydrogen and e-fuel production facility, with an annual output of 30,000 tonnes.
  • The plant's maximum daily production capacity will be 85 tonnes.
  • Another 15-megawatt project at Lhyfe in Spain costs 28 million euros.
  • Fossil fuels (oil, gas, coal) account for 75% of traffic at the port of Nantes Saint-Nazaire.

Green hydrogen: "Chemistry is one of the sectors Lhyfe is most interested in" 31/07/2023

  • Lhyfe was founded in 2017 and is based in Nantes. Lhyfe operates in 11 European countries with subsidiaries and offices.
  • Lhyfe's goal is to reach 55 MW of installed production capacity in 2024, 200 MW in 2026, and more than 3 GW in 2030.
  • Lhyfe expects to produce a maximum of 1,200 tonnes of hydrogen per day.
  • in Bouin (Vendée), a production unit produces around 300 to 400 kilograms of hydrogen per day, with a target of 1 t/d by early 2024, requiring 2.5 MW of power.
  • Other sites in France, such as Buléon (Morbihan) and Bessières (Haute-Garonne), should each have a production capacity of 2 t/d by the end of 2023.
  • Lhyfe has announced an investment in the Netherlands to supply hydrogen to players in the Dutch chemical industry, with a capacity of around 55 t/d - 200 MW.
  • The company employs around 100 people.
  • Lhyfe relies on renewable energies to power its hydrogen production units.
  • Lhyfe is betting on the production of several GW of offshore hydrogen, between 2030 and 2035.
  • Lhyfe sales in 2022: €570,000.

Off the coast of Guérande, Lhyfe starts marine hydrogen production 28/06/2023

  • France's first offshore wind farm inaugurated in Guérande last autumn.
  • Lhyfe produces green hydrogen at sea, a world first.
  • Based on an estimate by the International Energy Agency, the potential of offshore wind power represents 11 times Europe's electricity consumption.
  • Production capacity: 400 kg per day.
  • Lhyfe's next projects: a tenfold increase in capacity, with an installation in Germany (in Stuttgart, producing 4 tonnes of hydrogen per day) and Belgium (in Ostend, potentially producing as much hydrogen).
  • Lhyfe has a project portfolio of 10 GW.
  • Its capacity will be multiplied by 14 by the end of the year and by 75 by the end of 2024.
  • Lhyfe's capacity will be multiplied by 100 or 1,000, to serve heavy industries.
  • In addition to Bouin, six other Lhyfe sites are under construction: two in Sweden, two in Germany and two in France.

Lhyfe to open a green hydrogen production unit near Lorient 20/02/2023

  • Lhyfe has obtained a building permit in the commune of Buléon
  • At cruising speed, this site will be able to produce 2 tonnes per day (5 MW) of hydrogen
  • Lhyfe launches a new project to complement its existing green hydrogen production facility in Bouin, Vendée
  • Lhyfe employs 150 people.
  • Listed on the Alternex Paris stock exchange, it is preparing a green hydrogen production project in Bessières, Haute-Garonne, as well as several abroad.
  • By 2026, the company aims to achieve sales of 200 million euros, enabling it to break even

Lhyfe goes public to produce green hydrogen on a large scale. 03/07/2022

  • After raising no less than 85 million euros in two years, the start-up is going public to raise between 110 and 145.5 million euros
  • Target 55 megawatts of electrolysis by 2024 and 3 gigawatts by 2030.
  • 1,615 tonnes of green hydrogen per day.
  • Its business portfolio already includes 93 projects representing a total electrolysis capacity of over 4.8 gigawatts.

Lhyfe has raised $50 million to develop green hydrogen. 01/10/2021

  • The French start-up has around sixty unit projects to install in Europe
  • In 2021, it has raised 50 million euros from Swen Capital Partners and Banque des territoires, compared with 8 million euros in 2020
  • The company's workforce has grown from 20 at the end of 2020 to 60 today, and will increase to 80 in the future
  • Lhyfe's first "green" hydrogen plant has just been inaugurated in Bouin, Vendée.
  • The first of its kind, the Bouin electrolyzer, costing 10 million euros, is connected to a wind farm of eight turbines. At this stage, Bouin is producing 300 kg of hydrogen a day, and in the coming months it will increase tò a ton a day
  • In France, the hydrogen industry is gaining momentum 24 megawatts of electrolysis capacity have been installed at the new Danish "GreenLab" industrial park
  • In 2024, on the same site, Lhyfe will be working as part of the GreenHyScale consortium to install a 100-megawatt next-generation electrolyzer

Financial Data

DUNS: 831018080

Legal Name: LHYFE

Address: 30 RUE JEAN JAURES , 44000 NANTES


Financial Data:

Year Turnover (€) Net Profit (€) Fiscal Year End Fiscal Year Duration
2019 34 306 EUR 864 EUR 31/12/2019 12

Company Managers:

Position First Name Last Name Age Linkedin
Gérant Matthieu Guesne 42
Directeur du développement Christophe Dubruque

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