Lhyfe awarded a grant of up to EUR 14M by H2 Pioneros

Lhyfe (LHYFE), a global pioneer in the production of renewable green hydrogen for transportation and industrial applications, announces the development of a green hydrogen plant (production capacity of up to 5 t/day) in Spain for which it has been awarded a grant of up to EUR 14M from H2 Pioneros.

This plant will be Lhyfe’s first green hydrogen production site in Spain, while 7 sites are currently under construction in Europe. Lhyfe has about 200 employees dedicated entirely to renewable hydrogen production, with projects in 11 countries and a pipeline of over 10 GW in Europe.

The plant will be located in an industrial area in Vallmoll (Tarragona) and will address the demand for green hydrogen from different industrial companies in the area.

Potential clients include companies active in the chemical and other industrial sectors that aim at replacing fossil fuels (grey hydrogen and natural gas) currently used in their production process with green hydrogen, as well as transport or logistics companies looking to replace their fleet (trucks, forklifts) with less polluting vehicles like hydrogen-powered electric vehicles.

Lhyfe’s project is one of only 14 across Spain in 2023 that were awarded grant financing through H2 Pioneros (out of 81 projects submitted). The grant, which will fund the design phases, the supply of equipment, and the construction work, represents about half of the total estimated investment in the project, with the first kilos of green hydrogen to be produced in 2026.

The project’s implementation is subject to the granting of operating authorizations and construction permits, as well as to financial investment decisions.

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