BRÈVE

sur LHYFE (EPA:LHYFE)

Lhyfe and Ugitech join forces to produce green hydrogen in Savoie

Lhyfe, a pioneer in green hydrogen, and Ugitech, a subsidiary of Swiss Steel Group, have signed a memorandum of understanding to establish a green hydrogen production unit in Ugine, Savoie. This partnership aims to reduce the carbon footprint of Ugitech's activities by replacing the natural gas used in its thermal equipment with green hydrogen. This initiative comes as part of Swiss Steel Group's roadmap to decarbonize its operations, thus strengthening its environmental commitment.

The project envisages a production capacity of up to 12 tonnes of green hydrogen per day, which could reduce CO2 emissions by 16,000 tonnes annually. In addition to Ugitech, Lhyfe will also supply hydrogen to local mobility and industry players, notably for the 2030 Winter Olympics. The details of the project will be finalized following the ongoing feasibility study and obtaining the necessary authorizations.

The leaders of the two companies expressed their satisfaction with this partnership, which marks a significant step in the use of green hydrogen to reduce greenhouse gas emissions in the steel industry, a sector among the most energy-intensive. fossil fuels.

R. H.

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