French Green-Hydrogen Firm Lhyfe Plans to Sell Stakes in Projects to Fund Growth

The Lhyfe production site in Bessieres, France.

Photographer: Valentine Chapuis/AFP/Getty Images

French green-hydrogen producer Lhyfe SA plans to sell stakes in some of its plants to fund new projects both at home and abroad.

Lhyfe will be looking to sell a minority interest in plants already operating or under development, Matthieu Guesné, founder and chief executive officer, said Tuesday. “We’re going to use capital rotation this year to maintain our cash position.”