Masdar, the UAE’s clean energy leader, have signed a Memorandum of Understanding (MoU) to explore potential co-development opportunities in large-scale green hydrogen production projects in Europe, according to the company's release.
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 hydrogen production projects.
Through this strategic partnership, the two companies aim to explore collaboration and investment opportunities across the green hydrogen value chain, with a focus on co-developing large projects.
Lhyfe is one of the pioneers in the hydrogen sector and is one of the fastest-growing players. Established in 2019, Lhyfe already has four installed green hydrogen production sites in Europe, and several other sites under construction.
Lhyfe’s pipeline of projects represents a total installed capacity of 9.5GW 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 hydrogen projects in Europe was key for Masdar’s decision to enter into the MoU.
Masdar is aiming for a renewable energy portfolio capacity of 100GW 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 in the same timeframe. It is targeting 1 million tonnes per annum of green hydrogen or equivalent derivatives in the UAE and globally within a decade.
Lhyfe is a European group devoted to energy transition, and a producer and supplier of green and renewable hydrogen. Its production sites and portfolio of projects seek to provide access to green and renewable hydrogen in industrial quantities, and enable the creation of a virtuous energy model capable of decarbonising entire sectors of industry and transport. In 2021, Lhyfe inaugurated the first industrial-scale green hydrogen production plant in the world to be interconnected with a wind farm. In 2022, it inaugurated the first offshore green hydrogen production pilot platform in the world. In 2023, it inaugurated two new sites and currently has several sites under construction or expansion across Europe. Lhyfe is represented in 12 European countries and had 200 staff at the end of June 2024.