Lhyfe: receives approval from the city council of Schwbisch Gmnd (Germany) to develop a local hydrogen ecosystem

Nantes (France) / City of Schwäbisch Gmünd (Germany), June 1, 2022 – Lhyfe, a global pioneer and independent pure player in renewable green hydrogen (Euronext: LHYFE), has received approval from the city of Schwäbisch Gmünd (Baden-Württemberg) to launch the construction of its plant on an industrial site of around 10,000 m2. A renewable green hydrogen production site by water electrolysis with a capacity of up to 4 tonnes/day (10 MW) will be built, as well as a hydrogen filling station accessible to the public and a pipeline to supply the future “H2-Aspen” technology park with renewable hydrogen. The plant is expected to be operational in early 2024.

The electricity required for the production of renewable hydrogen will be supplied by a connection to a wind farm and photovoltaic installations. The future customers of this project are located in the immediate vicinity of the site and in the region. The hydrogen will be used as a process gas by industrial customers and as a fuel for fuel cell vehicles at filling stations.

Richard Arnold, first mayor of the town of Schwäbisch Gmünd: “The cooperation with Lhyfe provides the necessary impetus for a fast and reliable development of the H2-Aspen project. With this project, we want to offer companies in the region a local, sustainable and environmentally friendly energy solution. Within the framework of a holistic sustainable production approach, we enable and demonstrate what a “business and industrial park of the future” can look like. This holistic approach, positioning us across the entire hydrogen value chain of the project, is not only exemplary for our region, but also on a national level.”

Luc Graré, head of international affairs at Lhyfe: “The region’s objective is to establish an economically self-sufficient hydrogen sector. To support this objective, we are actively participating in the construction and extension of the planned technology park. Thanks to our expertise in building local hydrogen ecosystems as well as our model of direct connection between renewable energy sources and our production sites, we can optimally support the development of the region.Following our previous involvement in projects in Germany, this project is part of in our strategy to supply Germany with nationwide green hydrogen by 2025”.

Lhyfe is working towards a rapid ramp-up of the green hydrogen market in many European countries. Various projects have already been announced in Germany, including cooperations such as participation in the H2goesRail project of Deutsche Bahn and Siemens Mobility.

This agreement allows Lhyfe to actively pursue the development of this project in Germany, the next step being to obtain dedicated grants. This 10 MW project is one of 20 projects in advanced development (corresponding to the “Tender ready”, “Awarded” or “Construction” phases) announced at the time of the IPO, with a total capacity of 380.5 MW and a entry planned between 2023 and 2026.

About Lhyfe

Created in Nantes in 2017, Lhyfe produces and supplies renewable green hydrogen for mobility and industry. Its production plant and commercial pipeline will provide access to renewable green hydrogen in industrial quantities and are part of a virtuous energy model serving the environment. She is a member of France Hydrogène, Hydrogen Europe and Vätgas Sverige, SHDC. Lhyfe inaugurated its first industrial green hydrogen production site in September 2021. It currently has 93 projects in its pipeline across Europe, 20 of which will be in advanced development by 2026, contributing to the decarbonisation of mobility and Of the industry. A research program started in 2019 should also lead to the start of a test phase in real conditions of the world’s first floating electrolyser linked to a floating wind farm planned for autumn 2022. Lhyfe is listed on Euronext in Paris (LHYFE – FR0014009YQ1).

For more information, visit www.lhyfe.com

Press contacts:

Lhyfe: Clémence Rebours (New Seeds) – +33 (0)6 60 57 76 43 – [email protected]

Melissa C. Keyes