Revenue Growth and Capacity Expansion
Lhyfe confirms its strategy to double 2025 revenues, with sales increasing from €1 million in 2023 to €5 million in 2024, targeting €10 million by the end of 2025. The company plans a 70% increase in production capacity by 2026, leveraging its 22 MW installed capacity and extensive supply chain.
Strategic Focus and Cost Management
Lhyfe is prioritizing European projects in mature markets, focusing on mobility, industry in the UK, and refineries in Europe. The company aims to reduce costs by approximately 30% from 2026, adopting a leaner project development process and outsourcing EPC activities to concentrate on core expertise.
Market Context and Challenges
The European regulatory framework is gradually developing, with the EU targeting 40 GW of installed electrolysis capacity by 2030, though only 600 MW is operational by 2025. Despite regulatory delays, Lhyfe's industrial model and operational capabilities demonstrate the market's potential and the company's adaptability.
Operational Achievements
Lhyfe has built a robust ecosystem with multiple production sites in France and Germany, a fleet of 70 containers, 20 storage sites, and partnerships with three transport companies. The company has achieved over 1,000 deliveries to more than sixty customers across nine European countries, maintaining a strong safety record with zero accidents.
