Lhyfe raises €2.5m through bonds in first crowdfunding campaign for green hydrogen

Lhyfe, one of the world’s pioneers in the production of green and renewable hydrogen for the decarbonization of mobility and industry, has announced the successful completion of its first crowdfunding campaign on the Lita.co platform.

Citizens show support for Lhyfe and development of green hydrogen
The campaign, launched in May, made it possible for the general public to invest in four of Lhyfe’s sites in France and Germany. This was a first for Lhyfe, but also for the renewable green hydrogen sector, responding to the growing popularity among the general public, of this accessible format for investing and taking action. The initiative is aimed at promoting a collective effort with respect to the energy transition.
     
Nearly 1,200 people took part in the fundraising campaign, investing amounts ranging from €300 to €75,000, for a total of €2.5 million. The average amount raised in Lita fundraising campaigns is typically around 0.5€m, with an average of around 320 investors – these indicators were exceeded by Lhyfe, reflecting the success of this crowdfunding operation. 

Bondholders will receive a fixed interest payment in exchange for their commitment
Matthieu Guesné, founder and CEO of Lhyfe, said: “We would like to extend our warmest thanks to all those who took part in this initiative. Every day, our 200 employees work to decarbonize our society and to ensure the energy sovereignty and re-industrialization of our regions. 

"In doing this, we are creating jobs and business – we are delighted to involve the general public in this dynamic. We believe that it is important for citizens to have the opportunity to become involved in the development of this new, clean energy source, produced in the local area, for the local area. Together, we are laying the foundations for a more sustainable society. Thank you for your commitment!” 

Solid support for Lhyfe’s growth and its pursuit of green industry model, and broader objectives
Lhyfe’s expansion (in number and size of sites, whose capacity has gone from 1 to 5 to 10 MW, with a 100 MW site coming soon) is part of an ambitious roadmap driven by the European Union’s target of 40 GW of green hydrogen production capacity by 2030.

Its sites in operation and under construction represent concrete sources of decarbonization for the environment and future revenue for the company. Today, Lhyfe has four onshore sites in France and Germany, with a production capacity of up to 9 tonnes of green and renewable hydrogen per day (i.e. over 20 MW of installed electrolysis capacity). Its sales quadrupled in 2024 compared with 2023, reaching €5.1 million. 

To support the ramp-up of its projects, Lhyfe is deploying an appropriate financing strategy combining equity, grants and bank financing. It is also strengthening its financial resources and diversifying its sources of funding. Since its creation in 2017, Lhyfe has raised nearly €184m in equity capital, drawing on both its historical shareholders and renowned international partners such as Mitsui and EDPR, as well as going to the market with its IPO. 

At the same time, Lhyfe has secured around €240 million in grants to support the development and construction of the projects in its portfolio. These include the €149 million grant awarded to Green Horizon, its flagship 100 MW project near Le Havre. Lastly, Lhyfe raised €25m in corporate bank financing at the end of 2023 and signed a €53m project financing agreement with financial partners in April 2025.

This funding strengthens Lhyfe’s ability to pursue its core mission of decarbonizing industry and mobility through the production of green and renewable hydrogen to offer a more breathable future to generations to come, while also meeting wider objectives:

* Enhancing the energy sovereignty and re-industrialization of regions, with sites located locally throughout the country to meet the needs of each region as closely as possible

* Contributing to the development of a greener and more responsible industrial model, by striving to be exemplary in terms of CSR – in 2024, Lhyfe was awarded the highest level of EthiFinance certification, rewarding its excellent performance on Environment, Social, Governance and Stakeholder issues

* “To be of service to the environment”: Lhyfe is carrying out research into the possibility of reoxygenating the oceans in parallel with its projects to produce green hydrogen at sea 

* Helping to develop a more responsible model of society, where industry and citizens take action together.