French hydrogen producer Lhyfe plans Paris IPO

div classBodysc17zpet90 cdBBJodivpParis Reuters – Lhyfe, a French producer of green hydrogen, said on Friday the Frances financial markets authority AMF has approved its registration document, clearing the way for an initial public offering on the Euronext stock market in Paris.p

pThe company, which is present in ten countries and operates an industrial site in France, currently has a commercial pipeline of 93 projects representing a total capacity of 4.8 gigawatt.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pGreen hydrogen, seen by many as a promising technology to store energy in a resourcesaving way, is won through renewables like wind and solar farms.p

p“As demand will explode over the coming decades, Lhyfe aims to become an independent European leader in the production of green hydrogen,” the firms CEO and Chairman Matthieu Guesne was cited as saying.p

pBy 2026, Lhyfe expects annual consolidated revenue of around 200 million euros 217.72 million and a breakeven EBITDA earnings before interest taxes, depreciation and amortisation.p

p1 0.9186 eurosp

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pp Reporting by Michal Aleksandrowicz Editing by Tassilo Hummelp

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