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23 January 2024Lhyfe and Source Galileo have signed a memorandum of understanding (MoU) to develop commercial-scale green and renewable hydrogen production units in the UK and Ireland.
Under the agreement, Lhyfe and Source Galileo will combine their expertise to generate and supply the environmentally-friendly gas to a variety of customers across industry and transport, helping them decarbonise their operations.
The partnership will see Lhyfe and Source Galileo collaborate to establish commercial-scale green hydrogen production sites in the UK, with plans already underway for multiple units.
The energy firms are also exploring opportunities in Ireland, focusing on identifying consumers and assessing factors such as grid availability, power supply, land accessibility, and planning requirements.
By working together, Lhyfe and Source Galileo said their economies of scale can accelerate the roll-out of green hydrogen, meeting the increasing demand from companies aiming to reduce their reliance on natural gas and other fossil fuels.
Initially, the companies will focus on using electricity from onshore renewable sources.
However, in the longer term, the pair could harness the enormous offshore wind potential in the UK and Ireland, which would help overcome electricity grid constraints, they added.
Kevin Lynch, chief executive of Source Galileo, said: “We believe the development of a hydrogen economy alongside electricity is critical to the energy transition.”