Lhyfe doubles its turnover over 2023

Lhyfe revenues 2023 green hydrogen production
Lhyfe doubles its turnover over 2023

In 2023, the green hydrogen producer Lhyfe, doubled its turnover, going from 0.6 million euros in 2022 to 1.3 millions. These numbers reflect the rapid growth of the Bouin* production plant as well as the expansion of its customer portfolio following the signing of new green hydrogen sale contracts.

Despite the number being relatively low, Lhyfe continues to move forward with its projects. In fact, in the second half of 2023 the company went on to grow its customer portfolio in France (opening the sites** Buléon in Morbihan and Bessières in Haute-Garonne) as well as building a portfolio across the Rhine with the first customers delivered in Germany.

Towards the end of 2023, the commercial pipeline showed 9.9 GW of installed electrolysis capacity. Within this commercial portfolio, projects at an advanced stage of development represented a total installed production capacity of 564 MW.

*The current installed production capacity of 1 MW will be increased to 2.5 MW (i.e. a maximum of 1 tonne of green hydrogen per day) in 2024. And on-site storage capacity, currently around 700 kg, will be increased to nearly 5 tonnes.

**These sites, able to produce up to 2 tonnes of green hydrogen per day each (an installed electrolysis capacity of 5 MW per site), are the largest green and renewable hydrogen production plants in France.

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Article written by Laurent Meillaud and translated by Mariem Ben Tili

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About the author

Laurent Meillaud

Laurent Meillaud

Freelance automotive journalist and consultant, author as well, focused on technologies and new trends for more than 30 years, convinced that hydrogen is one of the energies for the future.

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