Lhyfe and Messer: 10-year renewable hydrogen supply deal and 30% equity in four sites
- Messer to acquire a 30% stake in the companies holding four Lhyfe renewable hydrogen production sites in France and Germany.
- A 10-year supply contract includes a minimum purchase commitment starting in 2026, expected to rise to several hundred tonnes per year.
- Messer aims to buy half of the output from the three French sites covered by the agreement.
- Lhyfe retains majority ownership and remains the exclusive operator; the deal is the company’s first capital rotation and is subject to lenders’ consent.
Deal highlights
Messer will take a 30% equity stake in the companies holding four Lhyfe hydrogen production sites in France and Germany and sign a 10-year supply agreement for renewable hydrogen. The supply contract includes a minimum volume commitment starting in 2026 and is expected to ramp to several hundred tonnes per year.
Commercial and operational terms
Messer aims to purchase half of the output from the three French sites covered by the agreement. The hydrogen supply includes RFNBO-certified product and will be integrated into Messer’s multi-gas offering to serve existing and new industrial customers. Messer will contribute expertise in safety, operations, logistics, gas handling and multi-gas distribution.
Financial and strategic impact
For Lhyfe the transaction improves revenue visibility through recurring cash flows from the long-term contract and the minimum purchase commitment, and strengthens the group’s financial position via the sale of the 30% stake. Lhyfe will continue full consolidation of the company, remain majority owner and continue to operate the sites, invoicing operation and management services.
Next steps
Completion is expected in the coming months and remains subject to lenders’ consent under existing financing documentation. Lhyfe describes the move as its first capital rotation and a step to prioritise resources on commercially secured projects.
Source: Lhyfe
