The Financial Markets Authority has given its approval for the Nantes startup to be listed on the stock exchange in the future.
Lhyfe, which was founded in 2017, is rapidly growing. After numerous rounds of fundraising, the hydrogen-focused start-up has finally received clearance from the Financial Markets Authority (AMF) of its registration document, paving the way for a possible IPO.
Lhyfe already has its first manufacturing facility in Bouin, Vendée, with the goal of becoming one of Europe’s green hydrogen leaders. With a daily capacity of 300 kilos of hydrogen, it should be able to create 1 ton per day by 2023. Lhyfe claims to have a portfolio of 93 projects in France and internationally, with a total capacity of about 5 GW, or around 1,600 tons of green hydrogen per day.
By 2030, the goal is to have more than 3 GW installed
“Our approach is centered on a quick and widespread deployment of production sites in order to construct units capable of producing up to several hundred megawatts (MW) beyond 2025, equivalent to hundreds of tons of green hydrogen produced every day.” On the basis of a total installed capacity of 200 MW, our goal is to reach a total installed capacity of 55 MW by 2024 and consolidated revenue of around €200 million with a Group EBITDA of breakeven in 2026 financial year. “By 2030, we want to have a total installed capacity of more than 3 GW,” says Matthieu Guesné, the company’s CEO and founder.
