McPhy opens a new industrial site in Grenoble and will increase its hydrogen station production capacity sevenfold

• McPhy is continuing its transition to an industrial scale with a new hydrogen stations production site located in the heart of the Grenoble area and operational from March 2022
• By increasing its manufacturing capacity to 150 stations per year, McPhy is providing a strategic answer to the future of the hydrogen mobility market
• Significant operational and industrial synergies are expected, by bringing together research and innovation, engineering, production and support functions on a single site, allowing the optimization of project execution times and a better service to customers
• This project will lead to the creation of over 100 new jobs in the Isère region once it achieves full output

La Motte-Fanjas, June 22, 2021 – 07:30 am CEST – McPhy (Euronext Paris: MCPHY – ISIN: FR0011742329), specialized in zero-carbon hydrogen production and distribution equipment (electrolyzers and hydrogen stations), today announces that it is having a new industrial site dedicated to the development and mass production of hydrogen stations. Operational from March 2022, this new factory will bring together the research and innovation, engineering and production activities currently based in La Motte-Fanjas and Grenoble, as well as support functions. From 2022, the factory will multiply McPhy’s hydrogen station manufacturing capacities sevenfold, from 20 to 150 units per year, and create over 100 direct jobs, at full load, in the Grenoble area. The Group is thus equipped with a particularly efficient platform to fluidify its industrial and logistical tool, which will optimize project execution times and the service provided to its customers.

McPhy has all the technological and industrial assets to serve a fast-growing hydrogen mobility market.(…) I would like to thank the teams of McPhy for all the commitment they put, on a daily basis, into making this project a great success.

Laurent Carme, CEO of McPhy, states: “This new industrial site marks an important milestone in McPhy’s history and in our transition to industrial scale. McPhy has all the technological and industrial assets to serve a fast-growing hydrogen mobility market. This project will lead, in term, to the creation of over 100 jobs in the Grenoble region. I would like to thank the teams of McPhy for all the commitment they put, on a daily basis, into making this project a great success. I also warmly thank all the services of the French State and local authorities, the Auvergne-Rhône-Alpes Region and Grenoble-Alpes Métropole, for their support in this venture for the energy transition and the reindustrialization of the territories”.

From March 2022, we will have a state-of-the-art production tool, to better serve our customers. (…) From an economic standpoint, our ramp-up and the volume effect will result in significant gains in competitiveness.

Antoine Ressicaud, Chief Manufacturing & Procurement Officer: “From March 2022, we will have a state-of-the-art production tool, to better serve our customers. This industrial set-up will allow us to multiply by 7 our production capacities of hydrogen stations and strengthen our technological leadership in green hydrogen production and distribution equipment. From an economic standpoint, our ramp-up and the volume effect will result in significant gains in competitiveness”.

Synergies and pooling of skills

In March 2022, McPhy will move into the heart of Grenoble, renting a 4,000 m2 existing industrial building. The teams currently spread between the La Motte-Fanjas and Grenoble sites will be brought together there, which will increase efficiency in the realization of projects, promote knowledge-sharing by creating synergies of teams and skills, and further improve the level of customer service with reduced turnaround times. The surface area of the new offices and their location in an urban area, accessible by public transport, will facilitate the onboarding of new employees with the objective of recruiting over 100 employees by the time the site is running at full load.

Annual manufacturing capacity increased from 20 to 150 stations per year from 2022

The factory is expected to gradually ramp up production to reach an annual manufacturing capacity of 150 stations from 2022. This increase in volume, when McPhy already has 35 stations delivered or in the process of being delivered, will significantly lower manufacturing costs while guaranteeing optimum delivery times. At the same time, the Group will implement a new integrated test platform and demanding lean manufacturing processes based on digital manufacturing tools, with the aim of mass-producing its new range of stations for refueling all types of vehicles: light vehicles, buses, trucks or trains.

This increase in productivity and capacity is a response to the massification of the hydrogen mobility market, a consequence of the pivotal role played by hydrogen in the transport decarbonization process.

A location at the heart of the European ecosystem

The takeover of this industrial site marks, for McPhy, a strengthening of its foothold in Auvergne-Rhône-Alpes, a pioneering region in the development of hydrogen. Thanks to its strategic location in the heart of the Grenoble ecosystem, which is one of the most dynamic in Europe, McPhy’s new factory will contribute to the international Group’s standing. Its location, which is optimal in terms of logistics flow management, will give the Group the capacity to supply the entire European market.

Next financial events

• 2021 Half-Year Results, on July 27, 2021 (after market)

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

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

Investor relations

NewCap
Emmanuel Huynh
T. +33 (0)1 44 71 94 99
mcphy@newcap.eu

 

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Appointment of Luc Poyer as Chairman of the Board of Directors of McPhy

• Pascal Mauberger remains as director and becomes Honorary Chairman of the Group
• The General Meeting renewed the mandate of the directors

La Motte-Fanjas, June 17, 2021 – 05:45 pm CEST – The Board of Directors following McPhy’s Combined General Meeting on 17 June appointed Luc Poyer as Chairman of the Board of Directors of the Group. He succeeds Pascal Mauberger who remains director of the Company and becomes its Honorary Chairman.

The Combined General Meeting, which was held on 17 June 2021 behind closed doors, without the physical presence of the shareholders, at 01:00 pm CEST at the Company’s headquarters, also approved the renewal of the mandates of the directors submitted to the vote. The results of the vote on all the resolutions are available on the company’s website.

Pascal Mauberger, Honorary Chairman of the Board of Directors of McPhy, stated: “After having contributed to the birth and growth of McPhy, it is with confidence that I hand over my position as Chairman of the Board of Directors to Luc Poyer who has supported me for a long time and knows the Company very well. I am proud of the work achieved in recent years by the Group’s teams and of my commitment to their side. As Honorary Chairman, I will continue to support the Board of Directors under the leadership of Luc Poyer, and I am convinced of our ability to make McPhy the benchmark player in carbon-free hydrogen.”

Luc Poyer, new Chairman of the Board of Directors of McPhy, added: “As a director of McPhy since its early years, I am honored to take up this position at a time when the Company is embarking on major developments that will pave the way for a change of dimension. I would like to highlight the work accomplished by Pascal Mauberger: as a visionary and pioneer, he founded and developed McPhy, placing the Company at the heart of the industry’s change of scale dynamic. I would also like to thank McPhy’s shareholders and directors for their confidence, and I am determined to help McPhy meet the expectations of its clients, with whom we share the conviction that hydrogen will play a decisive role in the fight against climate change and the transition to a more sustainable world. “

Upcoming of financial communication event

• Publication of half-yearly results on July 27, 2021, after market closing

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
Emmanuel Huynh
T. +33 (0)1 44 71 94 99
mcphy@newcap.eu

 

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Half-yearly revenue and limited growth for the year 2021

La Motte-Fanjas, June 15, 2021 – 05:45 pm CEST – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329), specialized in zero-carbon hydrogen production and distribution equipment (electrolyzers and refueling stations), today announces that revenue for the first half of 2021 is expected to be above €5.0 million compared to €5.4 million during the same period last year.

As announced in the Group’s last communication on May 21, and despite a market that remains very buoyant, McPhy observes delays in the execution of its projects, as well as in the taking of firm orders, which are slow to materialize due to the global health context, the related restrictions, and the wait-and-see attitude of certain economic players dependent on public financing mechanisms.

As a result, revenue growth for the full year 2021 could be limited.

Despite this outlook for 2021, the Group intends to pursue the deployment of its business model based on the continuous improvement of its green hydrogen technology, which can only be considered over long cycles. The Group reiterates its confidence in the medium and long-term growth prospects of its markets and remains focused on the industrialization of its production capacities and the acceleration of its technological developments in zero-carbon hydrogen.

Prochaine communication financière

• Annual General Meeting, June 17, 2021
• Publication of half-yearly results on July 27, 2021, after market closing

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
Emmanuel Huynh
T. +33 (0)1 44 71 94 99
mcphy@newcap.eu

 

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McPhy preselects Belfort for the installation of its electrolyzer Gigafactory

• A major achievement in the industrialization and realization of economies of scale for the constitution of a competitive offer of green hydrogen produced by alkaline electrolysis, whose implementation is notably subject to funding within the framework of the IPCEI process by the end of 2021 (1)
• A gigawatt-scale electrolyzer production site, in line with market growth in Europe
• Belfort preselected as a strategic site, located in the heart of the European hydrogen ecosystem and of the Energy Valley
• The creation, at full load, of more than 500 McPhy jobs (including around 400 in France and a hundred in Germany and in Italy), and of several hundred indirect jobs in France and Europe
• A market that remains very buoyant, but sales slower to materialize in the 1st half

La Motte-Fanjas, May 20, 2021 – 07:30 am CEST – McPhy (Euronext Paris Compartiment C: MCPHY, FR0011742329), specialized in zero-carbon hydrogen production and distribution equipment (electrolyzers and refueling stations), today announces having preselected the Belfort site to build its electrolyzer Gigafactory and issues an update regarding its 1st half sales.

This future factory will play a major role in the transition to industrial scale electrolysis, an essential condition for green hydrogen to achieve the decarbonation objectives.

Pascal Mauberger, Chairman of McPhy, states: “We are very pleased to announce the preselection of Belfort, a major French and European industrial metropolis, to start building a Gigafactory for alkaline electrolyzers. This future factory will play a major role in the transition to industrial scale electrolysis, an essential condition for green hydrogen to achieve the decarbonation objectives set by the French government and the European authorities. We would like to thank all the stakeholders and partners who support us in this great ambition, as well as the McPhy teams.”

 

The Group will transform the lead it holds in pressurized alkaline electrolysis, a mature and proven technology for large-scale hydrogen projects, into a sustainable competitive and industrial advantage.

Laurent Carme, CEO of McPhy, states: “The building of our Gigafactory is particularly strategic for McPhy’s growth. This center of excellence dedicated to industrialization and mass production will give us the means to achieve our technological and industrial ambitions in the electrolyzer segment. The Group will transform the lead it holds in pressurized alkaline electrolysis, a mature and proven technology for large-scale hydrogen projects, into a sustainable competitive and industrial advantage.”

Bruno Le Maire, French Minister of Economy, Finance and Recovery stated: “I am very pleased with this announcement by McPhy, which is one of the first Gigafactories within the framework of the National Hydrogen Strategy and demonstrates this new technology’s capacity to be a driver of growth and industrial development for our territories. The choice of Belfort reinforces the Energy Valley ecosystem and fully illustrates the attractiveness of Northern Franche-Comté region for project developers. It also demonstrates our commitment, alongside the industry, to diversifying the region’s activity and consolidating its position as a European hub for energy transition engineering.”

Agnès Pannier-Runacher, French Minister Delegate of Industry added: “The decision of McPhy’s Board of Directors is further evidence of the emergence of a true French hydrogen industry that masters all the technological building bricks to produce and use low-carbon hydrogen. This approach, which aims to strengthen our energy and economic resilience, mobilizes all our energy engineering know-how. We are going to continue this effort and ensure that the development of low-carbon hydrogen uses and the industrialization of offers progress together.”

Illustrative preliminary view of the McPhy Gigafactory project | Copyright Barjane – GBL Architecture

McPhy Gigafactory: a strategic tool for the industrial deployment of the mass production of new generation electrolyzers

The McPhy Gigafactory is a strategic tool to meet the challenges of competitiveness by further strengthening and perpetuating McPhy’s leadership position in the alkaline electrolyzer market and the materialization of economies of scale enabling to drastically reduce the cost of green hydrogen produced by electrolysis compared to carbon-based energy.

This project combines the development of new generation electrolyzers and the industrial deployment of their mass production, and is part of the IPCEI hydrogen. McPhy has submitted an application within the framework of this European funding that aims to support the R&D and industrialization of, in particular, the “electrolysis” technology brick to accelerate the development of the sector and the competitiveness of low-carbon hydrogen.

The Belfort site: an optimal answer to a demanding set of specifications

The preselection of the Belfort site represents a major milestone to meet the anticipated growth of McPhy’s markets. The Belfort site, oriented towards the “high tech” industry, was preselected for its ability to respond to the key issues raised by the industrial scale-up of electrolyzers:

  • Prior structuring of an industrial, research and development ecosystem dedicated to innovation and hydrogen, and existence of potential partners within the sector;
  • Industrial job pool and attractive environment;
  • Geographical location at a European crossroads, facilitating interaction with other McPhy sites, but also facilitating sourcing, supply and delivery activities;
  • Support from public stakeholders with economic, technical, functional and administrative measures to facilitate the management and deployment of this project.

The confirmation of the preselection and the final investment decision by McPhy should take place by the end of 2021 after the completion of the preliminary studies, the obtaining of administrative authorizations, and are subject in particular to the obtaining of the necessary financing, including those requested within the framework of the IPCEI process.

The objective is to start production in the first half of 2024 with a gradual ramp-up to a capacity of 1 GW per year.
The construction of this new industrial infrastructure would represent an investment of €30 to €40 million. It would lead to the creation, at full load, of more than 500 McPhy jobs, including around 400 in France and a hundred in Germany and in Italy. In addition, several hundred indirect jobs would be created in France and in Europe.

Thanks to this major investment in its industrial facilities, McPhy would benefit from a total annual production capacity equivalent to 1.3 GW (2), in line with the growth perspectives of the green hydrogen markets, particularly in heavy industry.

While waiting for the start-up of its Gigafactory, McPhy will rely on its current industrial facilities, which are sized for current demand and can be further expanded to meet the strong growth in the portfolio of opportunities, notably with the San Miniato and Wildau sites dedicated to electrolyzers.

A market that remains very buoyant, but sales slower to materialize in the 1st half

Despite a market that remains very buoyant, McPhy notes that firm orders and project executions are slow to materialize, particularly given the global public health context and associated restrictions, and the wait-and-see attitude of certain economic players dependent on public financing mechanisms. As a result, McPhy expects limited revenue growth in the first half of the year. In the medium and long term, McPhy intends to take advantage of its technological lead to benefit from the development potential of zero-carbon hydrogen technology.

Footnotes

(1) The confirmation of the preselection and the final investment decision by McPhy should take place by the end of 2021, after the completion of the preliminary studies, the obtaining of administrative authorizations, and are subject in particular to the obtaining of the necessary financing, including those requested within the framework of the IPCEI process. As a reminder, the IPCEI (“Important Projects of Common European Interest”) is a financing system which allows to support projects considered essential for the competitiveness of Europe, authorizing the Member States to finance initiatives beyond the limits usually fixed by the European regulation. An IPCEI Hydrogen was launched on 17 December 2020.
(2) The Belfort site’s annual production capacity will be 1 GW, in addition to the 300 MW of production capacity at McPhy’s San Miniato site in Italy.

Upcoming of financial communication events

• Annual General Meeting, June 17, 2021
• Publication of half-yearly results on July 27, 2021, after market closing

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
Emmanuel Huynh
T. +33 (0)1 44 71 94 99
mcphy@newcap.eu

 

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Availability of the 2020 Universal Registration

La Motte-Fanjas, May 10, 2021 – 5:45 pm CEST – McPhy (Euronext Paris, C Compartment: MCPHY, FR0011742329), a specialist in zero-carbon hydrogen production and distribution equipment (electrolyzers and recharging stations), announces today having made available to the public and filed with the “Autorité des marchés financiers”, on 30 April 2021, its 2020 Universal Registration Document, under number D.21-0398.

This Universal Registration Document includes in particular:

  • The annual Financial Report for 2020;
  • The management report ;
  • The Board of Directors’ report on corporate governance;
  • The reports of the Statutory Auditors and their fees.

 

The presentation of the agenda and resolutions of the Annual General Meeting of 17 June, 2021, will be included in the report of the Board of Directors to the General Meeting which will be available on the company’s website.

 

The Universal Registration Document is available free to the public at the Company’s registered office, 1115, route de Saint-Thomas, 26190 La Motte-Fanjas, upon request and may also be consulted on the websites of the AMF (www.amf-france.org) or the Company (www.mcphy.com/en).

Upcoming of financial communication events:

  • Annual General Meeting on June 17, 2021
  • Publication of half-yearly results on July 27, 2021 after market close

Download the release [PDF]

Press Release | EN

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
Emmanuel Huynh
T. +33 (0)1 44 71 94 99
mcphy@newcap.eu

 

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McPhy announces the initiation of coverage of its stock by ODDO-BHF

La Motte-Fanjas, May 7, 2021 – 8:00 am CEST – McPhy (Euronext Paris, C Compartment: MCPHY, FR0011742329), a specialist in zero-carbon hydrogen production and distribution equipment (electrolyzers and recharging stations), is pleased to announce the initiation of coverage of its stock by ODDO-BHF with a study entitled “On track for industrial scale in green hydrogen”.

In order to broaden its coverage of growth stocks dedicated to the energy transition, ODDO-BHF has decided to initiate the coverage of the McPhy stock.

The McPhy stock is also covered by the brokerage firms:

  • Barclays;
  • Berenberg;
  • Bryan Garnier;
  • Gilbert Dupont / Groupe Société Générale;
  • Kepler Cheuvreux;
  • Panmure Gordon; and
  • Portzamparc / Groupe BNP Paribas.

Upcoming of financial communication events:

• Annual General Meeting on June 17, 2021
• Publication of half-yearly results on July 27, 2021 after market close

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
Emmanuel Huynh
T. +33 (0)1 44 71 94 99
mcphy@newcap.eu

 

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Keep up with our news by following us on

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McPhy signs a technological partnership with Plastic Omnium to strengthen its station offering and develop the hydrogen mobility ecosystem

• A technological partnership focused, in particular, on filling protocols and interfaces between hydrogen stations and high-pressure tanks, in order to optimize the performance of this equipment
• A collaboration based on a sector logic to pool expertise, develop an industrialized and standardized approach and increase the competitiveness of hydrogen mobility

La Motte-Fanjas, May 6, 2021 – 07:30 am CEST – McPhy (Euronext Paris Compartiment C: MCPHY, FR0011742329), specialized in zero-carbon hydrogen production and distribution equipment (electrolyzers and refueling stations), announces having signed a technological partnership with Plastic Omnium, notably with the aim of collaborating on filling protocols and interfaces between hydrogen stations and high-pressure tanks. By pooling certain key areas of expertise and cooperating on a sector-wide basis, the two groups intend to improve the performance and compatibility of this equipment, which is a key factor in the security and reliability of safe and rapid refueling, in line with market standards. The progress made will accelerate the industrialization of decarbonized hydrogen in transport and enable a successful transformation towards sustainable mobility.

Laurent Carme, CEO of McPhy, comments: “This partnership with Plastic Omnium, with whom we share the same technological and industrial challenges, is an example of cooperation that McPhy intends to implement in order to cross-fertilize its expertise with other major stakeholders in the hydrogen sector, in a true sector logic. It allows us to accelerate the development of hydrogen stations, to prepare an industrialized, market-scaled and competitive offer.”

Laurent Favre, CEO of Plastic Omnium, adds: “Sustainable mobility challenges require an agile and open approach. This partnership with McPhy ties in perfectly with Plastic Omnium’s strategy to develop its expertise in this sector in order to extend its technological and industrial lead in the rapidly growing hydrogen market.”

Technological cooperations and cross fertilization of offers

The cooperation between McPhy and Plastic Omnium should materialize by a research and development component, by trainings in the two groups technologies, but also by potential commercial partnerships, in an approach open, in particular, to other companies. Furthermore, McPhy and Plastic Omnium plan to promote hydrogen to mobility stakeholders through a support and consulting approach, prior to their needs and their hydrogen projects.

Upcoming of financial communication events

• Annual General Meeting, June 17, 2021
• Publication of half-yearly results on July 27, 2021, after market close

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
Emmanuel Huynh
T. +33 (0)1 44 71 94 99
mcphy@newcap.eu

 

Connect with us!

Keep up with our news by following us on

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McPhy announces a strategic partnership with TSG for the maintenance of its hydrogen stations

• Strengthening of McPhy’s service offer, to support the transition to the industrial scale
• TSG, a renowned partner and leader in the installation and 24/7 maintenance of fuel, gas and electric charging stations with over 40,000 stations under contract across Europe
• A solid alliance to win new tenders

La Motte-Fanjas, April 15, 2021 – 07:30 am CEST – McPhy (Euronext Paris: MCPHY – ISIN: FR0011742329), specialized in zero-carbon hydrogen production and distribution equipment, announces today having signed a strategic agreement with TSG, the leading European provider of installation and maintenance services for energy distribution networks (traditional fuels, biofuels, natural gas, electricity, hydrogen, etc.) in Europe, in order to delegate the maintenance of some of its hydrogen stations to TSG and to jointly respond to some calls for tender.

This strategic agreement is a new step to become a reference player in hydrogen stations by responding 24/7 to clients’ requirements with a leading partner.

Laurent Carme, CEO of McPhy, states : “This strategic agreement signed with TSG allows us to go further in structuring our service offer for hydrogen stations. Our “Service” team, formed by experts in hydrogen technologies, will be able to rely on a partner of TSG’s stature, whose network extends throughout Europe. This cooperation will allow us to reinforce the reactivity and competitiveness of our hydrogen station maintenance services, while respecting the highest standards for our customers.”

 

Marco Luccioli, Customer Service Officer, adds: “Our “Service” team continues to be the reference for our customers, not only for technical questions, but also for the evolutions and updates of our technologies. In the age of digitalization, our experts are also fully engaged in the development of our remote monitoring and diagnostics offering. By strengthening our range of services, in particular with the partnership concluded with TSG, McPhy is developing a solid maintenance network, trained in hydrogen technologies and dedicated to Customer satisfaction. “

By developing strategic agreements with key players such as McPhy, TSG is building the foundations for its strong development in the new mobility industry.

Jean-Marc Bianchi, Chairman and CEO of the TSG Group, comments: “Becoming a privileged partner of McPhy is an important step in the rapid deployment of our strategy and ambition to become the reference player in services and solutions related to new mobility energies. We will accelerate our involvement in hydrogen and participate in its development for clean mobility. This alliance with McPhy recognises the expertise of our teams, based in all European countries and in Africa, in the gas business (CNG/LNG, LPG and Hydrogen). Thanks to the pooling of our skills we will strengthen our expertise in hydrogen. By developing strategic agreements with key players such as McPhy, TSG is building the foundations for its strong development in green energy for mobility.”

Strengthen the service offer alongside industrial development

The agreement signed with TSG will allow McPhy to offer first class 24/7 maintenance for its hydrogen stations, drawing on a recognized expertise in both renewable energy distribution and traditional fuel stations. This cooperation supports the service offer for the industrial scale-up of McPhy stations projects. Already materialized by 35 stations (1) installed or being installed, this industrial scale-up will accelerate with the development of an ever-growing portfolio of project opportunities.

This continuous growth in the number of projects is coupled with increasingly high requirements in terms of availability and response times. To address this demand, McPhy will offer a high level of services, supported by TSG’s network of employees with a very tight territorial coverage in Europe. McPhy’s Service teams will be able to refocus on projects under development, training, preventive maintenance and the development of a predictive maintenance offer, based on the collection and analysis of large volumes of data (“data analysis”) ; while TSG’s teams, already present in hydrogen, will further strengthen their organization in this sector of the future.

A consolidated commercial position

The agreement also includes participation in joint tenders without imposing an exclusive relationship between the two partners, who will remain free to develop collaborations with third parties in the hydrogen station segment. This alliance reinforces McPhy’s position in mobility solutions through an efficient follow-up capacity for clients, not only at the time of the installation of the stations but throughout the life of the project, in order to allow operators to optimize the full cost of their installations (“TCO”, for “Total Cost of Ownership”). The two Groups are currently working on several tenders and have already identified new project opportunities.

Footnotes

(1) Among these 35 stations, 2 stations are part of the conditional part of the ZEV framework contract signed in June 2020.

Next financial communications

• Annual General Meeting, on June 17, 2021
• 2021 Half-Year Results, on July 27, 2021 (after market)

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
Emmanuel Huynh
T. +33 (0)1 44 71 94 99
mcphy@newcap.eu

 

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Keep up with our news by following us on

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McPhy is participating at the Hanover fair and will present its projects with the APEX Group for its zero-carbon hydrogen plant

• McPhy to hold a livestream on Thursday 15 April jointly with APEX Group
• They will present their project of zero-carbon hydrogen plant equipped with McPhy 2 MW electrolysis platform and a 200 kg / day hydrogen refueling station being installed
• A project emblematic of the zero-emission mobility of the future

La Motte-Fanjas, April 12, 2021 – 7:30 am CEST – McPhy (Euronext Paris: MCPHY – ISIN: FR0011742329), specialized in zero-carbon hydrogen production and distribution equipment, announces today its participation in the digital edition of the Hannover Messe, the biggest global trade fair for industry innovation and digitalization. McPhy is an exhibitor with a digital booth (1) which presents the company profile and product portfolio.

Presentation of McPhy’s achievements in the APEX Group zero-carbon hydrogen plant

During the event McPhy and its partner APEX Group will hold a livestream on Thursday, April 15 from 14.30 to 14.55 about “From regional supply to industrial use of hydrogen”. During this livestream, McPhy, represented by Florian Bergen, its Sales Director for Germany and Central Europe, and APEX Group, represented by Peter Sponholz, its Chief Technical Officer, will discuss their collaboration on the zero-carbon plant project that will both power the headquarters of APEX at Rostock-Laage with electricity and heating and refuel all types of vehicles with green hydrogen.

For this project, McPhy delivered and installed a 2 MW electrolysis platform, producing over 300 tons of zero-carbon hydrogen from renewable energy per year (2). A hydrogen refueling station McFilling is also being installed (3) and will be McPhy’s first reference in the mobility sector in Germany.

With a capacity of delivering 200 kg of hydrogen per day, the station will be connected to the 2 MW electrolyzer and will be able to power all vehicles including buses. The hydrogen will be used to refuel locally as well as to be distributed to other mobility use cases in the region.

APEX® | McFilling H2 fueling station,
in presence of the Head of State of Mecklenburg-Vorpommern Manuela Schwesigduring her visit to APEX

This project, combining production and distribution of renewable hydrogen fits perfectly with the plan developed by the German government which aims to invest €7 billion in order to produce 5 GW (approximately 14 TWh) by 2030 and 10 GW by 2040, scaling up the industry and making zero-carbon hydrogen competitive especially in heavy transportation.

With its size, this project marks a necessary step in synchronizing the ramp-up of technologies and industrial capacities to move towards large-scale green hydrogen projects.

As the first reference in Germany, it’s also an ideal step for McPhy in the implementation of its roadmap to prepare for the scaling up of the hydrogen technologies that are essential to the decarbonization of the industry, mobility and energy sectors.

Next financial communications

  • Annual General Meeting, on June 17, 2021
  • 2021 Half-Year Results, on July 27, 2021 (after market)

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
Emmanuel Huynh
T. +33 (0)1 44 71 94 99
mcphy@newcap.eu

 

Connect with us!

Keep up with our news by following us on

LinkedIn    and    Twitter