Bpifrance Backs Lhyfe's Green Hydrogen Production Expansion

Source Intelligence

KEY DETAILS

Lhyfe plans to invest € 5.5 million in research and development over the next three years. Bpifrance will cover half of Lhyfe’s new investment. Quote: In addition to the € 2.8 million already invested for the set-up of its R&D centre in Vendée (thanks in particular to the strong backing of the Challans-Gois Urban Community within which the site is based), Lhyfe plans to invest € 5.5 million in research and development over the next three years. Bpifrance will cover half of Lhyfe’s new investment which is perfectly consistent with the European Green Deal’s implementation.

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Deal Size

Lhyfe has already committed € 8.3 million in R&D for the 2020-2022 period.

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Location

For the construction of its R&D centre in Bouin, Vendée (€ 2.8 million), which will be complete in early 2021, Lhyfe received support from the Challans-Gois Urban Community.

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Announcement

Published the 03/06/2020

PARTIES MENTIONED IN SOURCE

L

Lhyfe producer

"Lhyfe, a producer and supplier of green hydrogen, is one of the fortunate few selected by Bpifrance to receive support from its Deeptech fund which accompanies innovations with a strong technological component."

B

Bpifrance investor

"Lhyfe, a producer and supplier of green hydrogen, is one of the fortunate few selected by Bpifrance to receive support from its Deeptech fund which accompanies innovations with a strong technological component."

C

Challans-Gois Urban Community developer

"For the construction of its R&D centre in Bouin, Vendée (€ 2.8 million), which will be complete in early 2021, Lhyfe received support from the Challans-Gois Urban Community."

C

CEA scientific organization

"The additional € 5.5 million to be invested in R&D over the next three years will be used in particular to forge partnerships with French and international scientific organizations, including the CEA."

medium quality Enriched Feb 19, 2026