Lhyfe, a pioneering producer and supplier of green and renewable H₂ for mobility and industry, and Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, have signed a Memorandum of Understanding (MoU) to explore potential co-development opportunities in large-scale green H₂ production projects in Europe.

The MoU was signed at Abu Dhabi Sustainability Week (ADSW) 2025 and is part of the strategy announced in 2024 by Lhyfe to co-develop projects with financial, industrial investors and experienced partners seeking to invest in green H₂ production projects.

Through this strategic partnership, the two companies aim to explore collaboration and investment opportunities across the green H₂ value chain, with a focus on co-developing large projects. This collaboration between two of the leading pioneers in the green H₂ space will leverage their complementary abilities and support their ambitions to drive and develop the sector.

Lhyfe is one of the pioneers in the green H₂ sector and is one of the fastest-growing players. Established in 2019, Lhyfe already has four installed green H₂ production sites in Europe, and several other sites under construction. Lhyfe has demonstrated its industrial capacity to build and operate production sites of increased capacity. Lhyfe's pipeline of projects represents a total installed capacity of 9.5 GW and includes several large-scale projects at advanced stages and ready to accelerate. Its proven record as one of the largest developers and operators of commercially active green H₂ projects in Europe was key for Masdar’s decision to enter into the MoU.

Masdar is aiming for a renewable energy portfolio capacity of 100 GW by 2030, supporting the target set in the UAE Consensus to triple global renewables capacity by the end of this decade, and aims to be a leading producer of green H₂ in the same timeframe. It is targeting 1 MMtpy of green H₂ or equivalent derivatives in the UAE and globally within a decade.

Mohammad Abdelqader El Ramahi, Chief Green H₂ Officer, Masdar, said, “Masdar is committed to advancing the development of green H₂ around the world and we believe Europe will be a significant player in the future green H₂ sector. This collaboration with Lhyfe will enable us to leverage our shared expertise and resources to explore pathways to accelerating development and potentially supporting our ambitious growth plans.”

Matthieu Guesné, Founder and CEO of Lhyfe, said, “Masdar is one of the most important developers of renewable energies, with real expertise on green H₂ and a strong lead in terms of deployment. This is evidenced by the large number of industry awards received since 2007 for its renewable energy projects and commitment to innovation. We have a common ambition: to decarbonize industry on a massive scale and as quickly as possible thanks to green H₂. By combining our complementary expertise, we want to accelerate the deployment of large sites, which have the capacity to make a difference on greenhouse gas emissions.”