HysetCo and Lhyfe announce the signing of an offtake contract for renewable Âé¶¹¹ÙÍø
Nantes and Saint-Denis (France), 24 October 2024, 7:30 am - Lhyfe (EURONEXT: LHYFE), one of the world's pioneers in the production of green and renewable Âé¶¹¹ÙÍø for mobility and industry, and HysetCo, a pioneer in Âé¶¹¹ÙÍø mobility and a European leader, announce the signing of their first renewable Âé¶¹¹ÙÍø supply contract. The contract, signed in July[1], marks an important step in the decarbonisation of transport in the Paris region and in the transition to low-carbon mobility thanks to renewable Âé¶¹¹ÙÍø, a clean energy source.
Under this first agreement, since July 15th, Lhyfe has been supplying renewable Âé¶¹¹ÙÍø to one of HysetCo's refuelling stations located on the site of the Carrefour hypermarket in Collégien (Ile-de-France region), for an initial period of 18 months.
Lhyfe produces green and renewable Âé¶¹¹ÙÍø through the electrolysis of water, at production units powered by renewable energy. Launched in 2017, the company inaugurated its first site in 2021, and today has four installed sites and several sites under construction across Europe.
The contract represents more than 45 tonnes of renewable Âé¶¹¹ÙÍø over the period, or the equivalent per week of around 60,000 emission-free kilometres travelled on the road by HysetCo's customers. Green and renewable Âé¶¹¹ÙÍø is particularly well-suited to the intensive uses of these vehicles.
Loïc Voisin, Chairman of HysetCo: “The signing of this first renewable Âé¶¹¹ÙÍø supply contract with Lhyfe is a key step in supporting our strong growth and guaranteeing our customers practical, rapid and easy access to clean mobility. This step forward is crucial to supporting the carbon-free Âé¶¹¹ÙÍø mobility and effectively improving air quality”.
Matthieu Guesné, Founder and Chief Executive Officer of Lhyfe: "National coverage is a major component in the widespread deployment of green and renewable Âé¶¹¹ÙÍø in France and Europe. The launch of a captive fleet is an excellent way of creating momentum at regional level. We warmly welcome HysetCo's decision to switch its fleet to this new, clean energy vector, and in so doing to set a new milestone in the development of green and renewable Âé¶¹¹ÙÍø in the Paris Region!”
About Lhyfe
Lhyfe is a European group devoted to energy transition, and a producer and supplier of green and renewable Âé¶¹¹ÙÍø. Its production sites and portfolio of projects intend to provide access to green and renewable Âé¶¹¹ÙÍø 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 Âé¶¹¹ÙÍø production plant in the world to be interconnected with a wind farm. In 2022, it inaugurated the first offshore green Âé¶¹¹ÙÍø production pilot platform in the world.
In 2023, it inaugurated two new sites, and currently has several sites under construction or expansion across Europe.
Lhyfe is represented in 12 European countries and had 200 staff at the end of June 2024. The company is listed on the Euronext market in Paris (ISIN: FR0014009YQ1 – LHYFE).
More information on Lhyfe.com
About Hysetco
HysetCo is a pionner in Âé¶¹¹ÙÍø mobility and a European leader. It has developed a unique positioning with the 1st network of Âé¶¹¹ÙÍø distribution stations in France and an integrated Âé¶¹¹ÙÍø vehicle rental offer including all useful services. Growing rapidly, HysetCo now distributes almost 30 tonnes of Âé¶¹¹ÙÍø to its customers every month and manages a fleet of more than 500 Âé¶¹¹ÙÍø vehicles.
Contacts
Lhyfe:
| Lhyfe - Business press relations Nouvelles Graines Clémence Rebours +33 (0)6 60 57 76 43 c.rebours@nouvelles-graines.com | Lhyfe - Financial press relations ACTUS Manon Clairet +33 (0)1 53 67 36 73 mclairet@actus.fr | Lhyfe - Investor relations LHYFE Yoann Nguyen investors@lhyfe.com |
HysetCo:
Contacts presse
AGENCE EDIFICE
Laëtitia Guittard – 06 76 13 71 55 – laetitia@edifice-communication.com
Orline Nzuzi - 06 76 97 15 78 – orline@edifice-communication.com
[1] Signature mentioned in Lhyfe's H1 2024 results press release on Sept 24, 2024
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