European green and renewable hydrogen producer and supplier Lhyfe and European renewable energy developer Source Galileo have announced a joint agreement to develop commercial-scale green and renewable hydrogen production units in the UK and Ireland.
The companies have signed a memorandum of understanding (MoU) with the goal of deploying production facilities powered by renewable energy, providing a boost to the net-zero goals of both countries.
Under the agreement, Lhyfe and Source Galileo will combine their expertise to generate and supply the environmentally-friendly gas to a variety of customers across industry and transport.
The partnership will see them collaborate to establish commercial-scale green hydrogen production sites in the UK, with plans already underway for multiple units.
The energy firms are also exploring opportunities in Ireland, focusing on identifying consumers and assessing factors such as grid availability, power supply, land accessibility, and planning requirements.
By working together, Lhyfe and Source Galileo believe that their economies of scale can accelerate the roll-out of green hydrogen, meeting the increasing demand from companies aiming to reduce their reliance on natural gas and other fossil fuels.
Kevin Lynch, CEO of Source Galileo, said: “We believe the development of a hydrogen economy alongside electricity is critical to the energy transition. Both the UK and Ireland have hydrogen strategies.
“The UK has committed to deploying 50GW of offshore wind by 2030, and Ireland is expected to develop at least 20GW of offshore wind by 2040, with an initial target of 2GW of hydrogen production from offshore wind by 2030. Our partnership with Lhyfe provides an onshore and offshore platform and a major step forward from which to assist in delivering government hydrogen targets.”
Stirling Habbitts, director hydrogen business development at Source Galileo, said: “With Lhyfe, we are geared towards decarbonising challenging sectors, particularly industrial processes, through the use of green hydrogen. Hydrogen’s role as an energy carrier will be pivotal in overcoming emerging constraints in current electricity grids, ensuring a supplemental and additional supply of clean energy to industries beyond the electricity grid’s current capabilities.”
Lhyfe and Source Galileo join forces for green hydrogen production
