Lhyfe, a leading player in the renewable hydrogen sector, has announced the successful completion of its first-ever crowdfunding initiative via the Lita.co platform. This milestone marks a new chapter not only for the company but also for the broader green hydrogen industry, reflecting growing public interest in contributing directly to the energy transition.
Public participation in green hydrogen development
Launched in May, the campaign gave individuals the opportunity to invest in four of Lhyfe’s production sites across France and Germany. It was a first for Lhyfe and a novel step for the sector, opening up investment in renewable hydrogen to a wider audience. The initiative sought to foster collective involvement in the shift toward cleaner energy solutions.
Close to 1,200 people participated, with individual investments ranging from €300 to €75,000. The campaign raised a total of €2.5 million—far exceeding the usual figures seen on the Lita platform, where average fundraising campaigns attract around 320 investors and raise roughly €500,000. Investors will receive fixed interest payments on their bonds in return for their support.
Matthieu Guesné, Lhyfe’s founder and CEO, expressed his gratitude:
“We sincerely thank everyone who joined us in this initiative. Our 200 employees are committed every day to decarbonising society and reinforcing regional energy sovereignty and industrial revival. This effort creates jobs and opportunities—and we’re proud to involve citizens in this momentum. It’s essential that people can actively participate in shaping a cleaner energy future, produced locally and for local communities. Together, we’re laying the foundation for a more sustainable society.”
Backing growth and a vision for a greener industrial model
Lhyfe’s expansion is well underway, with increasing numbers and sizes of production sites. From initial capacities of 1 MW, Lhyfe now operates sites at 5 and 10 MW, and a 100 MW facility is in development. These projects align with the European Union’s goal of reaching 40 GW of green hydrogen production capacity by 2030. Currently, the company operates four onshore sites in France and Germany, with daily production reaching up to nine tonnes of green hydrogen and an installed electrolysis capacity exceeding 20 MW. Lhyfe’s revenue quadrupled in 2024, reaching €5.1 million.
To support this scale-up, Lhyfe is executing a diversified financing strategy that includes equity investment, public grants, and bank loans. Since its inception in 2017, the company has secured nearly €184 million in equity, drawing support from long-term investors and major partners such as Mitsui and EDPR, and through a public listing. In addition, it has obtained around €240 million in grants, including €149 million for its flagship 100 MW Green Horizon project near Le Havre. Recent funding also includes €25 million in corporate financing secured in late 2023 and a €53 million project finance deal signed in April 2025.
This robust financial backing enables Lhyfe to stay focused on its mission: to decarbonise industry and transport by producing clean, renewable hydrogen, while contributing to broader societal goals.
A broader commitment to sustainability
Lhyfe’s approach is rooted in regional engagement—building facilities close to where the energy is needed, supporting energy independence, and revitalising local economies. The company also champions responsible industrial practices and was awarded the highest EthiFinance CSR rating in 2024 for its performance on environmental, social, and governance metrics.
Looking beyond hydrogen, Lhyfe is also exploring innovative environmental projects, such as reoxygenating ocean waters, demonstrating its broader ambition to serve the environment and future generations.
