Lhyfe yesterday announced that it has secured EUR53m debt financing for a portfolio of four green hydrogen projects. This transaction allows Lhyfe to complete the financing and refinance part of the investment already made in four units in France and Germany, with already operating and under develo
Last Thursday during market hours, Lhyfe announced the confirmation of French State support for its 100MW Green Horizon project in Gonfreville-L'Orcher, close to Yara's ammonia facility near Le Havre (France). The public IPCEI support framework contract has been signed with BPI France for up to EUR
Yesterday during market hours, Lhyfe announced that two of its projects in the UK have been shortlisted under the UK government's Hydrogen Allocation Round 2 (HAR2), a public auction system supporting the production of low-carbon and renewable hydrogen. The two projects, Kemsley (80MW) and Wallsend
This morning, Lhyfe has announced FY24 results and provided indications for FY25 revenue guidance. On top of FY24 revenue which had already been communicated at EUR5.1m (vs cons. at EUR5m), Lhyfe has reported a lower-than-expected EBIT loss at -EUR29m (ahead of cons. at -EUR35.2m), supported by gro
Today Lhyfe released its FY24 activity report. In line with the guidance update in September, FY24 revenue reached EUR5.1m (+20% vs cons. at EUR5m) and installed capacity topped 22MW (vs guidance for >20MW). With a total pipeline of 9.1GW and 558MW in advanced development (vs 9.5GW and 598MW in
Last Friday, Lhyfe announced it had signed an MoU with Masdar, the leading UAE renewable project developer backed by Mubadala, ADNOC and TAQA to explore potential co-development opportunities in large-scale green hydrogen production projects in Europe. While no particular timeline has been indicate
This morning, Lhyfe announced a demand response partnership with Energy Pool, a leading French flexibility operator and distributed energy services provider with more than 8GW of energy production and storage assets under management worldwide. Leveraging the flexibility of Lhyfe's French PEM electr
>Interim results close to our forecasts - The interim results make little sense at a time when the company is pushing forward with efforts to develop its business model, as presented when the FY results were out. Interim revenues came in at € 1.7m (€ 2m estimated) vs € 0.4m. This mainly reflects the ramp-up of the Bouin production site. EBITDA stood at -€ 13.1m (-€ 15.6m estimated) vs -€ 14.3m, reflecting revenue growth and good cost control (external costs virtually ...
Lhyfe has announced H1 2024 results highlighting revenue growth to EUR1.7m (vs cons. expectations at EUR9.1m FY24), and an EBITDA loss at EUR11.7m (vs cons. figure at -EUR30.2m FY24). This shows an improvement YoY with OPEX EUR3m lower than in H1 2023, mostly resulting from lower personnel expenses
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