Commercial cooperation between Hexagon Purus and Lhyfe for distribution of green and renewable hydrogen in Europe

Hexagon Purus, a leading hydrogen systems supplier, and Lhyfe (EURONEXT : LHYFE), a world pioneer in the production of green and renewable hydrogen for transportation and industrial applications, recently entered into a commercial cooperation for delivery of Hexagon Purus’ type 4 hydrogen distribution systems. As a result, Lhyfe will be able to deliver a maximum of 19 tons of green hydrogen per trip, corresponding to the consumption of 650 transit buses.

“Demand for green hydrogen will surge in the coming years and Lhyfe aims to become one of the leading green and renewable hydrogen producers in Europe”, says Matthieu Guesné, CEO & founder of Lhyfe. “We are very happy to have Hexagon Purus supporting our efforts in providing green and renewable hydrogen for transportation and industry applications in Europe”.

Antoine Hamon, Director of Operations at Lhyfe, continues: "The conclusion of this important cooperation with an industry leader such as Hexagon Purus allows us to secure our logistics capacity, and to meet the needs of our rapid development across Europe".

“We are very happy to cooperate with Lhyfe and support their ambitious growth plans for green hydrogen in Europe”, says Michael Kleschinski, EVP of Hexagon Purus. “Our distribution systems with Type 4 composite high-pressure cylinders are the preferred technology for bulk distribution of compressed hydrogen”.

Lhyfe counts among its strategic investors Mitsui & Co. Ltd., which is also a shareholder and strategic alliance partner of Hexagon Purus. As a common strategic partner, Mitsui has played an important facilitating role in this agreement and has helped accelerate the deployment of green hydrogen in Europe.

Hiroshi Kakiuchi, Chief Operating Officer of Performance Material Business Unit of Mitsui says: “Beyond the support we can individually provide each of our partners with, we are also committed to fostering synergies between these partners that have a common vision and interests with Mitsui to decarbonize the mobility and industry sector as well as to creating a framework of trust to facilitate their collaborations. The signing of this agreement between Hexagon Purus and Lhyfe is a success that we are delighted with.”