Lhyfe accelerates the development of green hydrogen in Finland

Lhyfe has acquired a 49% stake in Finnish company Flexens to accelerate its growth in Finland and Northern Europe.

Share:

Gain full professional access to energynews.pro from 4.90€/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90€/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 €/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99€/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 €/year from the second year.

Lhyfe is committed to the development of green hydrogen in Finland. Indeed, the latter announced to take a 49% stake in the Finnish company Flexens. The latter is specialized in the development of green and renewable hydrogen projects as well as Power-to-X projects. This is Lhyfe’s first equity investment, which shows its willingness to expand rapidly in countries that rely on these energies.

Lhyfe partners with Flexens to become a leader in green and renewable hydrogen and Power-to-X

Flexens has acquired unique expertise in energy system modeling and project development through the Smart Energy Ã…land program. The company now has 19 employees and aims to become a leader in green and renewable hydrogen and Power-to-X.

Finland aims to become a European leader in Power-to-X and Flexens already has a strong commercial pipeline with a total planned capacity of more than 1.5 GW in Finland and abroad. This includes a well-advanced project in Kokkola (300 MW) that will contribute to Finland’s self-sufficiency in energy and ammonia.

Strengthened collaboration to accelerate current projects and identify new opportunities

To accelerate its growth in Finland and Northern Europe, Lhyfe has decided to partner with Flexens by taking a 49% stake. The two companies have already worked together on joint projects since 2020. Today, the companies have decided to formalize their partnership in order to combine their technological skills, market knowledge and commercial pipelines to accelerate ongoing projects and identify new opportunities in Northern Europe.

Lhyfe, which inaugurated the world’s first industrial green hydrogen production site in 2021, aims to have more than 3 GW of installed capacity by 2030. The company will have 3 new industrial sites in operation by the end of 2023 and has already announced several projects throughout Europe.

A promising alliance for both companies

Lhyfe will benefit from the expertise and experience of Flexens, which has an excellent network in Finland and Northern Europe, and a project portfolio including one of the largest green and renewable hydrogen projects in Finland. By partnering with Flexens, Lhyfe will be able to accelerate its current projects and identify new opportunities in Northern Europe, especially related to large offshore projects.

For its part, Flexens will benefit from the technological expertise of Lhyfe, one of the most advanced players in the production of green and renewable hydrogen, to develop more projects, more quickly and on a larger scale.

Electric Hydrogen announces the acquisition of Ambient Fuels and an alliance with Generate Capital to offer up to $400 mn in hydrogen project financing worldwide starting in 2026.
Hynfra PSA strengthens its presence in West Africa with a $1.5bn green ammonia project, backed by the Mauritanian government, with commercial operations expected to start by 2030.
Over 500 hydrogen projects are now under construction or operational worldwide, with total committed investments reaching USD110 billion, representing an increase of USD35 billion in one year.
From 2029, Verso Energy will supply hydrogen produced in Moselle to steel group SHS, supported by a cross-border pipeline and an industrial investment exceeding €100mn.
The success of SGN’s test on a gas pipeline converted to hydrogen confirms Terra Firma Energy’s technological choices, with sites already equipped to accommodate this type of energy investment.
Lhyfe has started supplying Essent with renewable green hydrogen under a multi-year contract, marking a major commercial debut in the Netherlands for the French producer.
The Dutch government grants major funding to RWE to develop an offshore wind-powered electrolysis facility, marking a key step in the OranjeWind project.
ScottishPower pauses its renewable hydrogen projects in the United Kingdom, despite receiving public subsidies, citing a lack of commercial viability under the HAR1 programme.
thyssenkrupp nucera has completed the purchase of key assets from Green Hydrogen Systems, strengthening its position in pressurised alkaline electrolysis for industrial hydrogen production.
GH2 Solar Ltd partners with AHES Ltd to build an electrolyzer plant in Gwalior, targeting 500 MW capacity by 2030 with $19mn government support.
A cooperation agreement, a bilateral carbon-credit mechanism and converging standards lay the ground for India→Japan hydrogen and ammonia flows, with volume targets, price-support schemes and first export projects scaling up.
Hydrogen offtake agreements are multiplying, with Germany and Japan leading, mobilizing producers and industrial buyers in a still nascent but already highly competitive market.
Vema Hydrogen mobilise des experts internationaux pour accélérer la mise sur le marché de son hydrogène minéral, alors que l’entreprise prévoit de forer ses premiers puits pilotes en Amérique du Nord d’ici la fin de l’année.
First Public Hydrogen Authority opens a request for proposals to transport gaseous and liquid hydrogen across California, with a deadline set for September 12.
US-based manufacturer Ohmium unveils a new generation of modular electrolysers integrating all production systems within a reduced footprint, aiming to lower installation and operating costs for green hydrogen.
ABO Energy and Hydropulse join forces to develop decentralised green hydrogen production units in Europe, with Spain and Finland as priority markets.
Next Hydrogen secures two separate loans, including one from its executives, to consolidate liquidity and continue operations while evaluating long-term financial solutions.
Metacon receives EUR 14.9 million from Motor Oil Hellas for the approved delivery of ten electrolysis units, marking the first stage of a strategic industrial project in Greece.
The European Union’s regulatory framework mandates green hydrogen integration in refineries, generating projected demand of 0.5 million tonnes by 2030.
Air Products transported over 50 tanker trucks to the Kennedy Space Center to fill the world’s largest liquid hydrogen tank, supporting NASA’s Artemis missions.

Log in to read this article

You'll also have access to a selection of our best content.