Lhyfe completed the acquisition of a 49% stake in Flexens.

Lhyfe, a producer of green and renewable hydrogen that can decarbonise industry and mobility, completed the acquisition of a 49% stake in Flexens, a developer of renewable and green hydrogen and Power-to-X projects. Financial terms were not disclosed. “Lhyfe is one of the pioneers in the market and is one of the companies capable of fast project execution. We are very much looking forward to intensifying our collaboration to use our knowledge of the Nordic markets to make new renewable and green hydrogen projects happen," Berndt Schalin, Flexens CEO.