Lhyfe, a green hydrogen producer, anticipates revenue of EUR10mn ($10.93mn) in 2025, representing a 100% increase compared to the 2024 fiscal year. This growth is supported by a customer portfolio spanning nine European countries, an expanding production infrastructure, and a proven logistics network with over 1,000 deliveries completed.
Resource reallocation towards profitable projects
The company plans to prioritise its most advanced European projects, mainly focused on mobility, industrial uses in the United Kingdom and the needs of refineries in Europe. Of the 55 projects currently identified, only those clearly aligned with demand and regulation will be fast-tracked.
Lhyfe intends to outsource engineering, procurement and construction (EPC) for its upcoming facilities. This decision comes as suppliers in the sector gain maturity, allowing the company to refocus on its core activities: renewable hydrogen production and distribution.
Cost reduction and operational reorganisation
As part of a cost control initiative, Lhyfe plans to reduce operational expenses by 30% starting in 2026, adopting a leaner project development process. This shift is part of a broader strategy aimed at consolidation and profitability.
The current installed capacity of 22 MW is expected to grow by 70% by 2026. The supply chain, comprising 70 containers, 20 storage sites and three logistics partners, supports this ramp-up while ensuring consistent delivery performance.
Resilience in a still-developing market
While the European Union set a 2020 target of 40 GW of installed electrolysis capacity by 2030, only 600 MW is operational halfway through the timeline. The European regulatory framework, including the Renewable Energy Directive (RED III), is progressing slowly, prompting industry players to adapt their strategies.
In this environment, Lhyfe is adjusting its model by strengthening its presence in the most promising segments. The company plans to continue investing in projects where its industrial expertise and proven model ensure sustained development and progressive profitability.
