The boss of the newly established North East base of hydrogen creator Lhyfe says the firm is focussed on delivering benefit to the region.
Colin Brown, who was chosen by the French firm to launch its UK arm following a €110m IPO on the Euronext Paris exchange, told Business Live the business is looking at a number of earmarked sites in the North East for a future green hydrogen production plant. And he hopes to grow a team of 10 out of Lhyfe’s Newcastle base by the first quarter of next year.
Armed with the capital to set up green hydrogen projects - seen as an alternative energy source for industry and transport - the firm will then seek operational support through the Contracts for Difference scheme in much the same way wind farm operators have done.
