Lhyfe has announced the financing for construction of four green hydrogen production sites located in France and Germany, for a total amount of €53 million.
The financed assets portfolio includes two sites that are already built (a site located in Buleon, in the Morbihan region of France, and a site located in Schwabisch Gmund, near Stuttgart in Germany) and two sites currently under construction (in lsere, Le Cheylas, and in Somme, Croixrault, both in France), for a total installed electrolysis capacity of 30 MW.
This debt financing transaction sets a new milestone for Lhyfe: it confirms a sound and replicable financing strategy combining debt, grants, and equity to fund its sites. It also strengthens the Group's financial resources, diversifies its sources of funding, and enables the allocation of capital to new plants, thereby supporting its growth.
This transaction completes the existing funding, which includes equity and €19 million in grants.
Maria Pardo Saleme, CFO of Lhyfe: “At a time when the transition to industrial scale is gaining pace, a necessary step to significantly decarbonise mobility and industrial uses, we are proud to have arranged this first project finance package for Lhyfe. This transaction also sets a milestone for the green hydrogen industry. It illustrates the continued trust and strong commitment of leading financial partners to Lhyfe's infrastructure model and its industrial and commercial scale-up strategy.”
With 22 MW of installed electrolysis capacity at the end of 2024, a strong commercial pipeline, and a fleet of 70 hydrogen containers in operation, Lhyfe aims to become one of Europe’s leading producers of green hydrogen, through the deployment of production sites dedicated to the decarbonisation of mobility and industry.
Jean-Francis Dusch, CEO of Edmond de Rothschild UK and Global Head of Infrastructure, Real Assets and Structured Finance, and Shirley Chojnacki, Managing Director, commented: “We are very proud of this first project financing for Lhyfe, which supports its long-term development and underpins its move to industrial scale in this key sector. Indeed, green hydrogen production fits perfectly within our infrastructure debt portfolio and our strong commitment to the energy transition.”