French government Grants €149M Subsidy To Lyft For Green Hydrogen Project

The new plant, called “Green Horizon,” is expected to produce up to 34 tonnes of green hydrogen per day.

The project was chosen in 2022 by the European Commission as part of the third round of Important Projects of Common European Interest (IPCEI) focused on hydrogen.

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In March 2024, the French government announced that it would give the grant to the company Lhyfe.

This was confirmed by Roland Lescure, who was the Minister Delegate for Industry and Energy at the time, during a visit to Le Havre.

Matthieu Guesné, founder and CEO of Lhyfe says, “We are proud to receive this grant, which reflects a strong vote of confidence from the French government and the European Commission in an SME that is capable of innovating, meeting complex technological challenges, and rapidly turning its ambitions into reality. It also recognizes our ability to invest heavily and rally renowned international partners to our side.”

“By contributing to the decarbonisation of the Le Havre industrial-port area starting in 2029, the Green Horizon project marks a real turning point – one that is essential if we are to decarbonise our industrial uses on a large scale. With this project, Lhyfe will surpass the 100 MW milestone in installed electrolysis capacity: a true industrial leap forward,” adds Guesné.

About Lhyfe

Lhyfe is a European company that makes green hydrogen from 100% renewable energy. Their goal is to help reduce carbon emissions in transport and industry by producing hydrogen locally. Lhyfe designs, builds, and runs hydrogen plants based on what each customer needs, making it easier to access large amounts of clean hydrogen.