Lhyfe has bought a 49% stake in Finnish company Flexens to accelerate green hydrogen projects in Northern Europe.
Flexens, a developer of renewable and green hydrogen and Power-to-X projects, has a commercial pipeline with a total predicted capacity exceeding 1.5GW in Finland and other countries.
Lhyfe aims to have more than 3GW of installed capacity by 2030, with three new industrial sites to be in operation by the end of 2023, and has already announced several projects through Europe, including the Nordics.
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