Renewables firm Source Galileo signs hydrogen production agreement

[Source: Business Post]

Source Galileo, the Dublin-based renewable energy developer, has signed an agreement with Lhyfe, a European hydrogen producer and supplier, to develop commercial-scale green and renewable hydrogen production units in Ireland and Britain.

In a statement, the companies said they have signed a memorandum of understanding “with the goal of deploying production facilities powered by renewable energy, providing a boost to the net zero emissions goals of both countries”.

It went on to say that Source Galileo and Lhyfe “are exploring opportunities in Ireland, focusing on identifying consumers and assessing factors such as grid availability, power supply, land accessibility, and planning requirements”.

“We believe the development of a hydrogen economy alongside electricity is critical to the energy transition. Both the UK and Ireland have hydrogen strategies,” said Kevin Lynch, chief executive of Source Galileo.

Developing onshore battery storage

“The UK has committed to deploying 50GW of offshore wind by 2030, and Ireland is expected to develop at least 20GW of offshore wind by 2040, with an initial target of 2GW of hydrogen production from offshore wind by 2030.

“Our partnership with Lhyfe provides an onshore and offshore platform and a major step forward from which to assist in delivering government hydrogen targets.”

Source Galileo has a pipeline of around 10GW of offshore wind and hydrogen projects under development in Ireland, the UK and Norway. The firm is also developing onshore battery storage and solar projects.

Lhyfe is a French-based multinational whose first hydrogen production at Pays de La Loire has been operating since the second half of 2021. Two more sites were inaugurated in Occitanie and Brittany in December 2023, while an additional five sites are currently under construction or extension throughout Europe.

The firm aims to achieve a green hydrogen production capacity of 200MW by the end of 2026 and 3GW by the end of 2030.