Lhyfe, pure player of green hydrogen created in 2017, today makes a triple announcement: the company unveils its unique solution for the production of green hydrogen, raising 8 million euros in funds from public actors and private, and the introduction of its first industrial site in 1 st half of this year in the Vendee.
Lhyfe: a turnkey, modular and scalable green hydrogen production solution
Lhyfe has developed a unique know-how allowing the rapid deployment of a turnkey solution for the production of green hydrogen in industrial quantities and at competitive prices. The company designs, develops and operates its production sites to meet the green hydrogen needs of the regions. It is aimed at communities, industries and the world of transport who wish to obtain supplies of green hydrogen and thus instantly and drastically reduce the environmental impact of their mobility (buses, dumpsters, fleets of heavy or light vehicles) or of their process.
Lhyfe aims to build a more breathable world for future generations and considers that it is time to review the relationship between humans and the environment. The company produces green hydrogen from renewable energies and has developed an optimal industrial process for minimal energy consumption. Lhyfe favors the short circuit (local production and local distribution) for a virtuous energy moel that creates value in the territories. When it leaves the factory, the green hydrogen produced by Lhyfe has all the advantages of oil and gas without their drawbacks (the vehicles using it only release droplets of pure water). And while 95% of the hydrogen produced today (known as “gray hydrogen”) generates up to 10 kg of CO 2per kilo of hydrogen, Lhyfe’s hydrogen is totally clean (zero emissions). Better still: by producing its hydrogen, Lhyfe releases oxygen.
To produce its hydrogen, Lhyfe connects directly to renewable energies (wind, photovoltaic, hydraulic, solid biomass, etc.). It has designed an innovative industrial process that is significantly more efficient than existing solutions on the market. The solution is modular (it adapts to any type of renewable energy) and scalable (to support the changing needs of the territories).
Lhyfe is developing its first production sites on land and thus capitalizes on experience to build offshore production sites in the medium term.
Lhyfe raises 8 million euros to continue investing in R&D and expanding its sites
At the end of 2019, the company completed an initial fundraising of 8 million euros with 5 private and public players with complementary expertise and activities: Noria, the Syndicat d’Energie de Vendée (SyDEV) and its SEM Vendée Energie, Ovive (Les Saules Group), Ouest Croissance and Océan Participations. It thus achieves one of the largest seed fundraisers in the industry in 2019. This fundraising will allow Lhyfe, which is now entering an industrialization phase, to continue its investments and to multiply its sites.
Investors are committed to the Lhyfe project for its innovative character, the concrete proposal that it brings to an immediate deadline, its global vision of the energy future and its prospects for the development of green hydrogen.
The Vendée will host the 1st industrial site for 100% green hydrogen in France
Construction of the first industrial site at Lhyfe will begin in Vendée, near the Bouin wind farm, in the first half of 2020. It will be the first 100% green hydrogen production site in France. From the first half of 2021, it will produce large quantities of green hydrogen (several hundred kg) to meet the needs of the West in an evolving manner.
This site was also co-financed to the tune of 3 million euros by various public and private actors: the Community of Communes of Challans-Gois, the Pays de Loire Region and Bpifrance, and co-built with the actors of the department of the Vendée.
It will be supplemented by a first hydrogen station located in La Roche-sur-Yon, to develop uses and pave the way for this fuel of the future. This station will supply a first line of buses, community vehicles (refuse collection vehicles, etc.), and it will be open to the general public.
At SyDEV, we are responsible for preparing for the future and developing the territory with a real reflection of funds. By using on-shore renewable energies and developing off-shore wind power, Lhyfe’s green hydrogen responds to several equations: tap into renewable energies rather than fossils, tap into infinite rather than limited resources, promote efficiency and take into account the acceptability of the populations. We are of course proud to be the first region to set up a 100% green hydrogen production site, but above all we are delighted to be able to soon be able to offer Vendée companies and communities a solution to reduce the carbon impact of their transport and industries!
Alain Leboeuf, President of the Syndicat de l’Energie de Vendée
At Lhyfe, we believe that today we can meet our energy needs by being part of the natural ecosystem rather than trying to dominate it. We are delighted with the support and enthusiasm of our public and private partners to participate in the deployment of our solution. Finally, we are proud to go on an industrial scale to be able to offer, from 2021, a solution accessible to communities and industries wishing to make their energy transition a reality thanks to our 100% green hydrogen.
Matthieu Guesné, founder and CEO of Lhyfe