Lhyfe, a leading producer and supplier of green hydrogen, and Abu Dhabi Future Energy Company – 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.

The MoU was signed at Abu Dhabi Sustainability Week 2025 and is part of Lhyfe's strategy to co-develop projects with financial, industrial investors, and experienced partners seeking to invest in green hydrogen production projects.

The two companies aim to explore collaboration and investment opportunities across the green hydrogen value chain, focusing on co-developing large projects.

Lhyfe, established in 2019, has four installed green hydrogen production sites in Europe and several other sites under construction.

Masdar, aiming for a renewable energy portfolio capacity of 100GW by 2030, is also aiming to be a leading producer of green hydrogen.

The MoU aims to leverage their complementary abilities and support their ambitions to drive and develop the green hydrogen sector.

Mohammad Abdelqader El Ramahi, Chief Green Hydrogen Officer, Masdar, said: "Masdar is committed to advancing the development of green hydrogen around the world and we believe Europe will be a significant player in the future green hydrogen sector. This collaboration with Lhyfe will enable us to leverage our shared expertise and resources to explore pathways to accelerating development and potentially supporting our ambitious growth plans."

Matthieu Guesné, Founder and CEO of Lhyfe, said: "Masdar is one of the most important developers of renewable energies, with real expertise on green hydrogen and a strong lead in terms of deployment. This is evidenced by the large number of industry awards received since 2007 for its renewable energy projects and commitment to innovation. We have a common ambition: to decarbonise industry on a massive scale and as quickly as possible thanks to green hydrogen. By combining our complementary expertise, we want to accelerate the deployment of large sites, which have the capacity to make a difference on greenhouse gas emissions."