Lhyfe and Masdar have inked a Memorandum of Understanding (MoU) to explore opportunities for co-development of large-scale green hydrogen production projects in Europe. This partnership aims to identify collaboration and investment prospects across the green hydrogen value chain.
Furthermore, this collaboration between the two companies is expected to leverage their complementary strengths. Additionally, it will support their shared ambitions to drive innovation and growth in the green hydrogen industry, contributing to the development of a sustainable energy future.
Earlier in October 2024, Lhyfe inked a MoU with KEYOU to advance hydrogen mobility in Germany and Europe. Lhyfe was responsible for constructing a production plant in Schwäbisch Gmünd, near Stuttgart, Germany, which was expected to be operational by the end of 2024.
