McPhy selected to equip two hydrogen refueling stations and 1 MW of electrolysis

• McPhy will design, manufacture and integrate a complete zero-carbon hydrogen production and distribution chain including two hydrogen refueling stations and 1 MW of electrolysis, for a turnover of nearly €4 million.

La Motte-Fanjas, August 03 2020 – 07.30 am CEST – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329) specialized in zero-carbon hydrogen production and distribution equipment, today announced having been selected to provide a complete zero-carbon hydrogen production and distribution chain for industrial and mobility applications (1).

For the mobility part, the solution includes two hydrogen stations, one of them offering a “Dual Pressure” configuration (two distribution pressures: 350 and 700 bar), able to refuel all types of vehicles.

The McLyzer high-power electrolyzer, able to produce more than 400 kg of zero-carbon hydrogen per day, representing a power of 1 MW, will supply the McPhy hydrogen stations, but also industrial sites willing to decarbonize their processes.

This new project, totaling nearly €4 million, brings to 44 MW (2) and 35 stations (3) the number of McPhy references and confirms the leap of zero-carbon hydrogen in France.

Footnotes

(1) To date, name of the client and of the project are confidential.
(2) References deployed, under installation or in development. Among them: 4 MW are included in the ZEV framework contract’s conditional part [contract signature: 18, June 2020].
(3) References deployed, under installation or in development. Among them: 2 stations are included in the ZEV framework contract’s conditional part [contract signature: 18, June 2020].

Next financial communication

2020 annual revenues release, on January 26, 2021, after close of trading.

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production and distribution equipment, McPhy contributes to the deployment of zero-carbon hydrogen throughout the world.

Thanks to its wide range of products and services dedicated to the industrial, mobility and energy markets, McPhy provides turnkey solutions to its clients adapted to their applications in industrial raw material supply, fuel cell electric car refueling or renewable energy surplus storage and valorization.
As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).

The company’s international subsidiaries ensure a global sales coverage of McPhy’s innovative hydrogen solutions.

McPhy is listed on NYSE Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

www.mcphy.com

Media relations

NewCap
Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.eu

Investor relations

NewCap
Nicolas Fossiez | Emmanuel Huynh
T. +33 (0)1 44 71 20 42
mcphy@newcap.eu

 

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McPhy selected to develop the hydrogen infrastructure of the metropolis of Dijon

• ROUGEOT Energie, operating as general contractor EPC (1) on behalf of Dijon Métropole Smart EnergHy, has selected McPhy’s hydrogen production, compression and distribution solution to supply the metropolitan fleet of heavy (buses, garbage trucks) and light (utility and passenger cars) vehicles.
• McPhy will design, build and integrate two hydrogen stations with a capacity of 400 kg of hydrogen per day each, connected to a 1 MW high-power electrolyzer, for a complete zero-emission mobility chain.
• Following the signature of this new contract totaling more than €4 million, McPhy’s references reach a total of 33 stations and 43 MW of high-power electrolysis (2).

La Motte-Fanjas, July 30 2020 – 07.30 am CEST – McPhy (Euronext Paris Compartiment C: MCPHY, FR0011742329), specialized in hydrogen production and distribution equipment, today announced having been selected to deploy two stations with a capacity of 400 kg of hydrogen per day each, connected to a
1 MW high-power electrolyzer, on the territory of Dijon Métropole.

Our stations will make it possible to supply all the hydrogen mobility in the region: buses, garbage trucks, utility and private vehicles.

“The project supported by Dijon Métropole Smart EnergHy contributes to the democratization of hydrogen as a zero-emission alternative for public, professional or private transport. Our stations will make it possible to supply all the hydrogen mobility in the region: buses, garbage trucks, utility and private vehicles. Buses, for example, will be able to refuel with hydrogen produced on site, from household waste or local renewable energies, and travel more than 300 km without emitting any CO2 or polluting particles. More than ever, we are convinced that hydrogen has a decisive role to play in the fight against air pollution and climate change.”, testified Laurent Carme, CEO of McPhy.

Dijon Métropole is implementing a complete zero-emission hydrogen ecosystem

To promote and develop its hydrogen infrastructure, Dijon Métropole has created, with ROUGEOT Energie, the project company Dijon Métropole Smart EnergHy (DMSE).

The first step of the deployment plan is to implement, in the north of Dijon, a McPhy hydrogen solution composed of two hydrogen stations, coupled with on-site hydrogen production.

Four distribution terminals for both heavy and light vehicles will thus be available to supply the zero-emission vehicles of the collectivity and its partners. This fleet of hydrogen vehicles will initially be made up of 27 buses, 9 garbage trucks and around 15 light vehicles. The project is expected to reach a total of 200 buses, 50 garbage trucks and 250 light vehicles by 2030.

This project stands out for the positive energy loop it will create in the heart of the Dijon metropolitan area. The electrolyzer connected to produce hydrogen on site will be powered 90% by electricity from a household waste incinerator and the remaining 10% will come from locally produced renewable energies. Consequently, the “Dijon Nord” project will enable the recovery of so-called “fatal” electricity, which would have been lost if it had not been used to power this ecosystem, and avoid nearly 2,500 tons of CO2 emissions per year (3).

The “Dijon Nord” project has received support and co-financing from the French Environment and Energy Management Agency (ADEME).

McPhy, a range of equipment and services perfectly adapted to face the challenge of clean mobility

With many references already installed in the territories, McPhy has been selected by ROUGEOT Energie, acting as general contractor on behalf of the company DMSE, to design, manufacture and commission a complete chain of zero-emission hydrogen mobility. Two McFilling hydrogen stations, one offering a filling pressure of 350 bar and the other offering a “Dual Pressure” configuration (350 and 700 bar), will ensure, thanks to a very high availability rate and a total daily potential of 800 kg of hydrogen delivered, the continuity of public services and the refueling of professional and private vehicles in the area. Indeed, the solution proposed by McPhy offers a fast recharging time, around a few minutes, and the possibility of simultaneous recharging, thanks to the redundancy of the equipment, which boosts the capacity of the stations in case of peak consumption.

Interfaced with the hydrogen stations, the McLyzer electrolyzer will have a production capacity equivalent to 1 MW of high-power electrolysis and will be equipped with high current density electrodes, ensuring optimal performance and energy efficiency to complete this hydrogen production and distribution ecosystem.

This new contract, totaling more than €4 million, brings McPhy’s references to 33 stations and 43 MW of high-power electrolysis and confirms the Group’s position as a strategic partner for zero-emission mobility projects.

Footnotes

(1) EPC: “engineering procurement and construction”
(2) References already deployed, under installation or in development. Among them, 2 HRS and 4 MW ELY are part of the conditional part of the Zero Emission Valley framework agreement, signed on June 2020.
(3) Source: JUSTY engineering office

Next financial communication

2020 annual revenues release, on January 26, 2021, after close of trading.

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production and distribution equipment, McPhy contributes to the deployment of zero-carbon hydrogen throughout the world.

Thanks to its wide range of products and services dedicated to the industrial, mobility and energy markets, McPhy provides turnkey solutions to its clients adapted to their applications in industrial raw material supply, fuel cell electric car refueling or renewable energy surplus storage and valorization.
As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).

The company’s international subsidiaries ensure a global sales coverage of McPhy’s innovative hydrogen solutions.

McPhy is listed on NYSE Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

www.mcphy.com

Media relations

NewCap
Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.eu

Investor relations

NewCap
Nicolas Fossiez | Emmanuel Huynh
T. +33 (0)1 44 71 20 42
mcphy@newcap.eu

 

Connect with us!

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A strong commercial dynamic despite the Covid-19 crisis, combined with a net increase in cash flow

• Signature of contracts representing the change in scale of McPhy’s commercial and industrial activity, such as Djewels and Zero Emission Valley projects
• Despite the crisis linked to the Covid-19 pandemic, revenue increased by 24% compared to the first half of 2019, rising to €5.4 million in the first half of 2020, without jeopardizing the medium-term growth outlook
• Significant increase in cash, from €13 million to €24 million between 31 December 2019 and 30 June (+85%), mainly related to the strengthening of capital.

La Motte-Fanjas, July 28, 2020 – 5.45 pm CEST – McPhy (Euronext Paris Compartiment C: MCPHY, FR0011742329), specialized in hydrogen production and distribution equipment, today announced its results for the first half of 2020.

Laurent Carme, Chief Executive Officer of McPhy, stated: “The beginning of 2020 was marked by a succession of commercial successes, demonstrating the industrialization of the hydrogen sector, both in France and abroad. McPhy, which was selected to equip projects such as Zero Emission Valley in the sector of mobility in France or Djewels in the sector of industry in the Netherlands, has consolidated its position as a major technological and industrial partner in the hydrogen market. Whatever the sector of activity, the McPhy teams have been able to support our clients in their transition to zero-carbon hydrogen, despite the impact of the Covid-19 pandemic.”

Simplified income statement

Limited review of half-year consolidated accounts approved by the Board on July 28, 2020

Results for the first half of 2020

Despite the health crisis linked to the Covid-19, McPhy’s sales rose 24% to €5.4 million compared to €4.3 million in the first half of 2019. The gross margin on material consumption remained stable at 46% compared to 2019.

In order to successfully complete its industrialization phase, the Group has strengthened its teams since June 30, 2019. The net recruitment of 9 people over one year thus brings the workforce at 30 June 2020 to 101 employees and personnel expenses amounted to €4.1 million over the first half year, an increase of €0.6 million compared to the first half year 2019.

To maintain McPhy’s technological leadership in its markets, the R&D effort has been reinforced and amounted to nearly €2.0 million over the period (€1.5 million in the first half of 2019). Net of the effect of the tax credit and subsidies, these expenses are up by €0.5 million compared to the same period last year.
The Group has put in place all the necessary measures to deal with the Covid-19 crisis, minimize the impact on its cash flow and preserve its continuity of operation. McPhy has thus contracted additional credit lines guaranteed by the French State for an amount of €4 million and has reinforced its financial flexibility by renewing an equity line with Kepler Cheuvreux on April 10, 2020.

As of June 30, 2020, McPhy had €24 million in cash and cash equivalents, a significant increase compared to the first half of 2019, resulting from the drawdowns performed on these lines of credit and equity financing for €9.1 million.

2020 highlights

• A strong commercial dynamic for McPhy with orders booked in France and abroad

Orders booked and announced in the first half of the year:

  • Order for a 20 MW electrolysis platform equipped with technology “Augmented McLyzer” to supply the largest zero-carbon hydrogen production unit in Europe, deployed by Nouryon and Gasunie (“Djewels” project).
  • Order for a Starter Kit to equip the “mobility” segment of a zero-emission hydrogen ecosystem in the Centre-Val de Loire region (1).
  • Order and remote installation of Piel by McPhy hydrogen and oxygen generators for the preparation of metal components for the Diax industrial group.
  • Order for three McFilling stations, as definitive part, and two other stations and several electrolyzers, as conditional part, by the project company Hympulsion to equip the Zero Emission Valley project, the largest deployment of zero-emission hydrogen mobility in France (Auvergne Rhône Alpes region).

Orders booked in July 2020:

  • Order for a complete zero-carbon hydrogen production and distribution chain composed of a modularized and scalable station distributing 200 kg of hydrogen per day and of a McLyzer electrolyzer, with a capacity to produce more than 400 kg of zero-carbon hydrogen per day.

• Operational teams fully engaged in the commissioning of several projects in mobility and industry sectors

In Chambéry – Inauguration of a hydrogen station equipped with a McPhy electrolyzer, for the Zero Emission Valley project

  • Equipped with a McPhy’s McLyzer technology electrolyzer supplied to Atawey, this station producing green hydrogen on site was inaugurated in mid-February 2020.

Inauguration of Apex Energy’s 2 MW zero-carbon hydrogen production platform equipped by McPhy

  • On June 12, 2020, Apex Energy completed the construction of a hydrogen production platform in Rostock-Laage, Germany. This hydrogen production unit will supply electricity and heating to the headquarter of the Group and a commercial area, thanks to a fuel cell.
  • McPhy delivered and installed a 2 MW electrolysis platform (McLyzer 400-30), producing over 300 tons of zero-carbon hydrogen from renewable energy per year.

Inauguration of a McFilling 20-350 (or “Starter Kit”) station in Le Mans

  • This first project with Total, the hydrogen station in Le Mans, installed and commissioned by McPhy in March 2020, was inaugurated alongside the project partners on July 8, 2020.
  • The McFilling 20-350 station enables a recharging solution to vehicles with a pressure of 350 bar, as well as a partial recharging solution for vehicles requiring a pressure of 700 bar.
  • This station will fuel, among other things, the first hydrogen bus tested by the Le Mans metropolitan area and a racing vehicle.

Footnotes

(1) To date, name of the client and the project are confidential.

Next financial communication

2020 annual revenues release, on January 26, 2021, after close of trading.

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production and distribution equipment, McPhy contributes to the deployment of zero-carbon hydrogen throughout the world.

Thanks to its wide range of products and services dedicated to the industrial, mobility and energy markets, McPhy provides turnkey solutions to its clients adapted to their applications in industrial raw material supply, fuel cell electric car refueling or renewable energy surplus storage and valorization.
As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).

The company’s international subsidiaries ensure a global sales coverage of McPhy’s innovative hydrogen solutions.

McPhy is listed on NYSE Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

www.mcphy.com

Media relations

NewCap
Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.eu

Investor relations

NewCap
Nicolas Fossiez | Emmanuel Huynh
T. +33 (0)1 44 71 20 42
mcphy@newcap.eu

 

Connect with us!

Keep up with our news by following us on

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Hydrogen ecosystem at the heart of Lyon’s metropolis

Currently under construction at the port of Lyon, the “Quai des Energies” project will consist in 6 charging stations: two clean hydrogen-, two green electricity- and two biogas-dispensers.

• Phase 2 : 100 kg / day, powered by 2 McLyzer 40-30 electrolyzers
• 2 charging terminals designed for light and heavy vehicles
• Lyon, France | Commissioning: 2020

The “Quai des Energies” is a strategic location, in the immediate proximity of the highway axes as well as the heart of the city of Lyon, which will soon become a Low Emission Zone.

It will meet the needs of all kinds of mobility: personal cars, transport fleets and urban transport vehicles for goods, waste or materials.
In the medium term, clean hydrogen will also be used to refuel waterway boats.

Consisting of two charging stations, the McFilling station will be adapted not only to light, but also to heavy-duty vehicles.

McPhy is participating in this emblematic zero-emission mobility project in the Auvergne-Rhône-Alpes region and is delivering a station with a capacity of 80 kg of hydrogen per day, distributed at 350 bar. Clean hydrogen will be produced directly on-site through water electrolysis made with 100% renewable electricity. It will take over from the McFilling station (with a capacity of 20 kg per day) already in service since 2015 at the Edouard Herriot port of Lyon.

This new hydrogen station is the second phase of the HyWay Project led by the Tenerrdis cluster, which brings together public and private stakeholders around a carbon-free mobility solution.

This project is also part of the European H2ME2 (Hydrogen Mobility Europe 2) program and has received funding from the Fuel Cells and Hydrogen Joint Undertaking (FCH-JU) under Grant Agreement No. 700350, which is supported by the European Union’s Horizon 2020 program, Hydrogen Europe and Hydrogen Europe Research. | https://www.fch.europa.eu/

Phase 1 of the HyWay project: McFilling station with a capacity of 20 kg per day at the port of Lyon

| Markets

  • Hydrogen mobility
  • Hydrogen for local communities

Learn more about the H2 applications in the section: “Markets”.

 

| Equipment & Services

  • Integrated hydrogen system, pairing an electrolyzer (McLyzer 20-30) and a hydrogen refueling station (McFilling 100-350)

Learn more about the solutions in the section: “Equipment & Services”.

 

| Customer

  • ENGIE GNVert
  • Location: Lyon (France)
  • Commissioning: beginning of 2020

Read the press release

McPhy selected to equip a new zero-carbon hydrogen station

• McPhy has been selected to design, build and integrate a hydrogen station with the capacity to distribute 200 kg of clean hydrogen per day. The station will be interfaced with an electrolyzer for a true zero-emission mobility chain, thanks to a zero-carbon hydrogen produced on site.
• This new contract would represent a turnover of €3.6 million, and would bring the McPhy references to 31 stations and 42 MW of high-power electrolysis.

La Motte-Fanjas, July 16 2020 – 07.30 am CEST – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329) specialized in hydrogen production and distribution equipment, announced today having been selected to provide a complete zero-carbon hydrogen production and distribution chain (1).

McPhy has been selected to design, build and integrate a modularized and scalable station distributing 200 kg of hydrogen per day. A McLyzer electrolyzer, with a capacity to produce more than 400 kg of zero-carbon hydrogen (using water and electricity from renewable sources) per day, will be installed on site to ensure a true zero-emission chain.

This new contract would represent a turnover of €3.6 million and would bring to 31 stations (2) and 42 MW (3) of high-power electrolysis the number of McPhy references, confirming the leap of zero-carbon hydrogen.

Footnotes

(1) To date, name of the client and of the project are confidential, as well as the project’s location.
(2) References deployed, under installation or in development. Among them: 2 stations are part of the ZEV framework contract’s conditional part [contract signature: 18, June 2020].
(3) References deployed, under installation or in development. Among them: 4 MW are part of the ZEV framework contract’s conditional part [contract signature: 18, June 2020].

.

Next financial communication

First semester 2020 results release, on July 28, 2020, after close of trading.

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production and distribution equipment, McPhy contributes to the deployment of zero-carbon hydrogen throughout the world.

Thanks to its wide range of products and services dedicated to the industrial, mobility and energy markets, McPhy provides turnkey solutions to its clients adapted to their applications in industrial raw material supply, fuel cell electric car refueling or renewable energy surplus storage and valorization.
As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).

The company’s international subsidiaries ensure a global sales coverage of McPhy’s innovative hydrogen solutions.

McPhy is listed on NYSE Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

www.mcphy.com

Media relations

NewCap
Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.eu

Investor relations

NewCap
Nicolas Fossiez | Emmanuel Huynh
T. +33 (0)1 44 71 20 42
mcphy@newcap.eu

 

Connect with us!

Keep up with our news by following us on

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McPhy supports the densification of hydrogen infrastructure in the Grand Ouest region

• McPhy selected to deploy a hydrogen station in the Grand Ouest region.
• With 30 stations in reference, McPhy confirms its position as a key partner in the sector of zero-emission mobility.

La Motte-Fanjas, July 09 2020 – 07.30 am CEST – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329) specialized in hydrogen production and distribution equipment, has been selected by Total to equip, alongside other partners, the hydrogen station in Le Mans. This station was announced in a previous press release on April 9 (1) and inaugurated yesterday, July 8, 2020 (2).

McPhy installed and commissioned the McFilling 20-350 station (also called « Starter Kit ») in March 2020 as part of this project in Le Mans.

Already selected to equip several projects in the territories, the McFilling 20-350 hydrogen station enables a recharging solution to vehicles with a pressure of 350 bar, as well as a partial recharging solution (up to 60%) for vehicles requiring a recharging pressure of 700 bar. This station will also be used to charge the first hydrogen bus tested by the metropolis of Le Mans.

Hydrogen ensures a significant reduction in pollution from the transport sector, as this fuel does not emit polluting particles or CO2 into the atmosphere. The fast recharging time and autonomy of hydrogen vehicles, similar to internal combustion engines, also ensure their professional use.

Since April, this project has been accounted for in the 30 stations (3) in reference for McPhy and contributes to the development of a more carbon-efficient mobility in the territories.

McFilling 20-350 “Starter Kit” in Le Mans

Footnotes

(1) https://mcphy.com/en/press-releases/projects-in-zero-emission-mobility/
(2) https://www.lemans.org/en/news/the-automobile-club-de-l-ouest-hydrogen-filling-station-in-le-mans-is-open/53992
(3) References deployed, under installation or in development. Among them: 2 stations are part of the ZEV framework contract’s conditional part [contract signature: 18, June 2020]

Next financial communication

First semester 2020 results release, on July 28, 2020, after close of trading.

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production and distribution equipment, McPhy contributes to the deployment of zero-carbon hydrogen throughout the world.

Thanks to its wide range of products and services dedicated to the industrial, mobility and energy markets, McPhy provides turnkey solutions to its clients adapted to their applications in industrial raw material supply, fuel cell electric car refueling or renewable energy surplus storage and valorization.
As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).

The company’s international subsidiaries ensure a global sales coverage of McPhy’s innovative hydrogen solutions.

McPhy is listed on NYSE Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

www.mcphy.com

Media relations

NewCap
Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.eu

Investor relations

NewCap
Nicolas Fossiez | Emmanuel Huynh
T. +33 (0)1 44 71 20 42
mcphy@newcap.eu

 

Connect with us!

Keep up with our news by following us on

LinkedIn    and    Twitter