Plug Power, Lhyfe to develop green hydrogen plants in Europe
Both partners will strive to build green hydrogen plants across Europe.
Plug Power Inc and Lhyfe have partnered to pursue and develop green hydrogen generation plants throughout Europe.
The partnership aims to produce a total hydrogen capacity of 300 MW by 2025 and start developing a 1 GW production site.
Plug Power and Lhyfe will jointly develop green hydrogen generation plants across Europe, using PEM electrolysis technology and renewable energy sources. They will initially work to serve on-road and off-road mobility applications. Both partners will also consider working together to co-develop a US-based offshore wind electrolyser plant.
The partnership is built upon the work which they started earlier this year. Under that agreement, Plug Power’s hydrogen electrolyser technology to provide 1 MW of capacity to the world’s first offshore hydrogen production facility developed by Lhyfe. The project would be powered by electricity from a floating wind turbine off the coast of Le Croisic, at SEM-REV, Centrale Nantes’ offshore test site, which will be operational by 2022.
Andy Marsh, CEO for Plug Power, said, “We’ve already built a robust ‘hydrogen highway,’ which includes 165 hydrogen fueling stations and stationary power for businesses and institutions, a success we plan to replicate in Europe.”
Matthieu Guesné, CEO and founder of Lhyfe, added, “We will be able to rely on Plug Power’s cutting-edge technology to deploy numerous hydrogen production sites onshore and offshore, in Europe but also in North America.”