Lhyfe orders 50 MW of Plug electrolysers for European projects

French green hydrogen producer Lhyfe (EPA:LHYFE) has placed an order with Plug Power Inc (NASDAQ:PLUG) for the supply of 50 MW of proton exchange membrane (PEM) electrolysers to be deployed at multiple sites across Europe.

Under what is said to be the largest electrolyser order from a French company, Plug will deliver ten 5-MW systems assembled in Europe for the production of up to 20 tons of hydrogen per day using primarily wind and solar power.

The produced hydrogen is intended for a variety of mobility applications, including forklifts and light commercial vehicles, such as the Master Van from Hyvia, which is a joint venture between Plug and carmaker Renault. Hydrogen supply is expected as early as 2023.

“In addition to high-performing electrolyzers, we are bringing to Lhyfe deep mobility opportunities through our joint venture with Renault and our experience deploying hydrogen-powered forklift solutions for customers like Amazon and Walmart,” commented Andy Marsh, CEO of Plug.

Lhyfe established its strategic relationship with Plug in October 2021 when they agreed to jointly develop 300 MW of green hydrogen plants across Europe by 2025.

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