In France, Lhyfe said it has received confirmation from the French government of a financial support in the form of a grant of up to €149 million ($163 million) for the construction of a green hydrogen production plant with an installed electrolysis capacity of 100 MW near Le Havre. This project, led by Lhyfe for over two years, has been approved by the European Commission as part of the third wave of IPCEI (Important Projects of Common European Interest) on hydrogen. With this project, Lhyfe intends to produce up to 34 tons of green hydrogen per day near the Grand Canal du Havre, one of Europe’s largest industrial port areas. Implementation of this project is subject to the granting of operating authorizations, construction permits as well as final financial investment decisions by Lhyfe and its main partners.
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