French developer Lhyfe has launched Europe’s first OTC online marketplace for renewable hydrogen to bring together producers and consumers, it said on Tuesday.

The platform would help to “consolidate and accelerate the deployment of the [green hydrogen] sector and the decarbonisation” of industry and transport, the renewable hydrogen producer said in a statement.

Lhyfe said it wanted to optimise the transport of hydrogen generated with renewable energy and the associated costs by providing access to supply sources across Europe.