In pursuit of its ambitions have over 3GW of hydrogen production in operation by 2030, Lhyfe has opened its UK operations in Newcastle, to deploy production facilities to support the country’s Net Zero goals.
H2 View understands, the company is currently deploying onshore production units, however, aims to take its electrolysis offshore to leverage on the UK’s offshore wind potential, particularly in the North Sea.
The announcement follows on from Lhyfe revealed success from a recent initial public offering (IPO) in May (2022), which saw the company raise €110m ($108.9m).
Read more: Lhyfe pockets over €100m of investments from recent fundraiser
Colin Brown, UK Country Manager for Lhyfe, said, “Renewable green hydrogen production at scale is one of the key solutions to help the UK reach its Net Zero targets.It’s an enabler that offers a solution to all sectors and parts of society, and the good news is it’s available to be deployed today.
“We are exploring exciting opportunities across the UK to enable local decarbonisation. Lhyfe has a strong ethos of working with partners to deliver projects that create real local value, and this is a key focus for the newly formed UK business.
“The UK can become a global leader in the production of green hydrogen, moving away from our reliance on fossil fuels, improving energy security, contributing to net zero and helping drive the economy. Our mission is to deploy green hydrogen production at scale and grow our operations in line with demand. We encourage any UK industry or organisation seeking to decarbonise to get in touch with us.”
Under plans released by the Johnson administration, the UK set the target of establish 10GW of low-carbon hydrogen production capacity by 2030.
Matthieu Guesné, CEO and founder of Lhyfe commented, “The opening of our UK subsidiary is in line with our international deployment plans. The speed with which this deployment is taking place – this is our sixth European subsidiary in two years – confirms the growing enthusiasm of European countries for renewable hydrogen, while our position as leader naturally amplifies the interest for Lhyfe.
“Through this subsidiary, we will be able to offer decarbonisation solutions that meet the specific uses and constraints of the British market.”
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