Masdar and Lhyfe partner up for large-scale hydrogen projects in Europe

January 17, 2025, by Aida Čučuk

Abu Dhabi Future Energy Company (Masdar) and French renewable hydrogen producer Lhyfe have entered a memorandum of understanding (MoU) to explore potential co-development opportunities in large-scale green hydrogen production projects in Europe.

As disclosed, through this strategic partnership, the parties aim to explore collaboration and investment opportunities across the green hydrogen value chain, with a focus on co-developing large projects.

The MoU was signed during Abu Dhabi Sustainability Week (ADSW) 2025, a global platform supported by the UAE and Masdar to address the world’s most pressing sustainability challenges through conversations.

To note, 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 hydrogen by the same year. The company has set a target of 1 million tonnes per annum of green hydrogen or equivalent derivatives in the UAE and globally within a decade.

In 2024, Masdar signed agreements with Norwegian companies to explore clean energy opportunities with green hydrogen in focus. Specifically, the UAE company inked agreements with Equinor, ICP Infrastructure, Aker Horizons Asset Development and Yara.

Masdar allies with Norwegian companies on renewables and green hydrogen

Collaboration

As for Lhyfe, it is worth mentioning that in 2024, the producer partnered with compatriot e-fuel company Elyse Energy to develop a project for producing e-methanol from green hydrogen, with an aim to decarbonize maritime transport. Furthermore, the producer secured a €149 million grant for a green hydrogen plant in France, unveiled plans for its first hydrogen UK plant and started construction work for its plant in Germany.

Lhye is also a coordinator of an 18-member consortium that wants to establish an advanced green hydrogen valley. This project received an €8.9 million grant from the European Commission through the Clean Hydrogen Joint Undertaking.

Based in the French Loire Valley, the AdvancedH2Valley aims to foster the Atlantic area’s energy transition and set the standard for clean, green and renewable hydrogen. The project envisions producing over 1,600 tons of green and renewable hydrogen annually by 2028.