Lhyfe obtains EUR-11m grant for 10-MW green hydrogen project in Sweden

French green hydrogen project developer Lhyfe (EPA:LHYFE) said on Monday it has secured a grant of up to SEK 125.6 million (USD 11.9m/EUR 11.2m) to build a renewable hydrogen production plant in Sweden’s southernmost city of Trelleborg.

The funding comes from Klimatklivet, a climate investment aid programme of the Swedish Environmental Protection Agency.

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With a 10-MW electrolysis capacity, the project will be able to produce up to 4 tonnes of green hydrogen per day. Production is expected to start in 2027, with the facility remaining subject to the receipt of operating authorisations and construction permits, as well as to financial investment decisions.

The grant accounts for about 40% of the project’s total estimated investment.

The area of Trelleborg is a transport hub, featuring Scandinavia’s biggest roll-on roll-off harbour, the company explained. As transport and logistics companies are looking to green their fleet, the project will provide green hydrogen to hydrogen refueling stations in the area.

(SEK 1 = USD 0.095/EUR 0.089)