VSB France signs first renewable energy PPA with hydrogen producer Lhyfe
Press / Nîmes and Nantes / 08.09.2023
Lhyfe, one of the world's pioneers in the production of green renewable hydrogen, and VSB énergies nouvelles, an independent producer of electricity from renewable sources and a subsidiary of the VSB Group, have announced the signing of a long-term renewable energy power supply agreement (Corporate PPA).
VSB énergies nouvelles commissioned in 2021 and now operates the 13.2 MW Buléon wind farm in the heart of Morbihan, where Lhyfe has launched the construction of a green and renewable hydrogen production site, "Lhyfe Bretagne". The unit, which will produce up to 2 tonnes of hydrogen a day (installed capacity of 5 MW), will come on stream at the end of 2023.
Under the terms of this 16-year electricity supply contract, 100% of the green electricity produced by the VSB énergies nouvelles wind farm at Buléon will be dedicated to the Lhyfe Bretagne site, which will supply green hydrogen locally for uses linked to mobility and industrial processes.
For VSB énergies nouvelles, this corporate PPA, the first of a long series to come, represents a genuine growth driver. It also illustrates the expertise of VSB's teams and their ability to respond to the problem of intermittent production of electricity from renewable sources.
Through this contract, Lhyfe continues to consolidate its network of renewable electricity supply partners, securing a local and long-term supply of green electricity for the production of its green and renewable hydrogen.
"As a committed player in the energy transition, we can only welcome the signing of this agreement," explains Maël Lagarde, Managing Director of VSB énergies nouvelles. "We're really in a virtuous loop here, in a win-win situation. Supplying a hydrogen production unit contributes to the creation of green energy, while at the same time providing a response to the intermittent nature of wind turbines and the need for storage. We are thus entering a new phase of the energy transition.”
"Thanks to this agreement, we can secure our supply of renewable electricity locally and over the long term, which is essential for the production of renewable hydrogen. More broadly, we are strengthening our network of partners supplying green energy, thereby reinforcing our positioning and our production model", adds Matthieu Guesné, Chairman and CEO and Founder of Lhyfe.
