LHYFE 2024 Annual Results: Growth and Strategic Expansion

Lhyfe, a major player in green hydrogen, has announced a fourfold increase in its revenue, reaching €5.1 million by 2024. This result is due to an increase in production capacity and the signing of key contracts in France and Germany. With nearly 50 customers, the company has consolidated its market position.

In 2024, Lhyfe continued to expand its electrolysis capacity, reaching 22 MW. The company secured several agreements, including with Masdar for large-scale projects in Europe. Obtaining financing and grants strengthens its growth.

Despite the net loss of €29.2 million, partly due to ongoing investments, Lhyfe maintains a solid cash position of €72 million. The company forecasts sales growth between 2025 and 2026, with a target revenue of €100 million.