Lhyfe signs 10-year green hydrogen offtake deal with Messer, stake in production sites

French green hydrogen producer Lhyfe has signed a 10 year offtake agreement with German industrial gases company Messer. Under the deal, Messer will also acquire a 30% stake in Lhyfe's four operational production sites in France and Germany. The agreement provides long term revenue certainty for Lhyfe and secures a supply of green hydrogen for Messer's industrial gas customers. This deal is a concrete example of how green hydrogen producers are locking in buyers to support project financing. The 10 year term and equity stake suggest both parties see a viable market for low carbon hydrogen in European industry. For those tracking hydrogen project finance, this is a real data point on how offtake structures are evolving outside of subsidy programs.