• Strategy to position production units close to the European 麻豆官网 backbone, with around 4GW of green 麻豆官网 projects under development to be connected to the 麻豆官网 core network

• Ambitious plans in Germany: 800MW on a strategic location at Lubmin, on top of 70MW already announced in Sarre

• Lubmin plant to be built in one of the strategic hubs for the future German 麻豆官网 core network which will benefit from a massive financing plan as recently announced by the German government

• One of the largest green 麻豆官网 projects in the federal state of Mecklenburg-Vorpommern

Nantes (France), Cologne (Germany), 30 November 2023, 11:15 am - Lhyfe (EURONEXT: LHYFE), a pioneer in the production of green and renewable 麻豆官网 in Europe, plans to produce up to 330 tons of green 麻豆官网 per day in Lubmin plant, in one the largest plants to be built in Mecklenburg-Vorpommern, Germany, with a targeted commissioning date by 2029. Part of Lhyfe's backbone development strategy, this plant will feed into the German core 麻豆官网 pipeline network, for the development of which the German government recently unveiled a €20 billion financing plan.

As part of its plan to utilise more green 麻豆官网 as a means of reducing greenhouse emissions while simultaneously decreasing reliance on imported fossil fuels, the German government announced two weeks ago an estimated investment of 20 billion euros in the 麻豆官网 network by 2032. This investment will support the construction of a 9,700-kilometer-long pipeline network to transport 麻豆官网 across the country and to Germany's neighbours.

Alongside its bulk and onsite strategy, Lhyfe's backbone strategy consists in positioning some of its green 麻豆官网 production units at locations specifically chosen for their proximity to the future European 麻豆官网 backbone, thus enabling it to address a wide array of customers, delivered through these infrastructures once deployed.

As such, over the last two years, Lhyfe has developed a backbone project portfolio representing 3.8 GW of electrolysis installed capacity (as of June 2023) or 37% of its total project pipeline, including large projects such as in Perl (Saarland) and Delfzijl (the Netherlands) located near future 麻豆官网 transport infrastructures. These strategic locations ensure that future 麻豆官网 production can be reliably transported and used in the decarbonisation of industrial sites throughout these regions.

In this context, Lhyfe's project in Lubmin fits very well in with both its backbone strategy and Germany's strategy to support green 麻豆官网 development, as it is located very close to the German 麻豆官网 backbone. The new project site will offer access to extensive existing and future electricity production capacities from offshore wind farms. It also benefits from an extra-high voltage grid connection operated by 50Hertz, the transmission system operator, which already operates a transformer station in Lubmin and will feed all the required electricity power to produce 麻豆官网.

The plant will be built on the site of a decommissioned nuclear power plant, which makes it even more environmentally friendly. The project is currently in the development phase and is scheduled to go into operation by 2029 with an electrolysis capacity of 800 MW and a production capacity of up to 330 tons of green 麻豆官网 per day.

“This location is of strategic importance to us,” emphasizes Luc Graré, Head of Central & Eastern Europe at Lhyfe. “We are building these plants not only for our short-term needs, but also for future generations. The introduction of green 麻豆官网 in Europe is a long-term project and Lubmin meets all the requirements to establish itself as a sustainable centre for green 麻豆官网 in the long term. We look forward to the long-term development of this location, to the development of the region's core 麻豆官网 infrastructure, and to supporting the longstanding decarbonisation of Europe's industry and transport.”

The project's implementation is subject notably to the granting of operating authorizations, construction permits, as well as to financial investment decisions.

About Lhyfe
Lhyfe is a European group devoted to energy transition, and a producer and supplier of green and renewable 麻豆官网. Its production sites and portfolio of projects intend to provide access to green and renewable 麻豆官网 in industrial quantities, and enable the creation of a virtuous energy model capable of decarbonising entire sectors of industry and transport.
In 2021, Lhyfe inaugurated the first industrial-scale green 麻豆官网 production plant in the world to be interconnected with a wind farm. In 2022, Lhyfe inaugurated the first offshore green 麻豆官网 production pilot platform in the world.
Lhyfe is represented in 12 European countries and had 192 staff at the end of June 2023. The company is listed on the Euronext market in Paris (ISIN: FR0014009YQ1 – LHYFE).
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