• Industrial set-up dedicated to electrolyzers without equivalent in Europe;
  • Commissioning is scheduled for the 1st half of 2024, with a gradual ramp-up to reach an annual production capacity of 1 GW;
  • Final decision of investment taken by the Board of Directors of McPhy;
  • Public aid contract signed with Bpifrance to a maximum amount of 114 million euros, with a 1st payment of 28.5 million euros;
  • Induced acceleration of development investments and expenses with an impact on the financial performance of the second half of 2022.

Grenoble, France, November 2, 2022 at 7:45 a.m. CET – McPhy Energy, specialized in low-carbon hydrogen production and distribution equipment (electrolyzers and refueling stations), announces the final decision of investment for its Gigafactory of electrolyzers on the Belfort site by its Board of Directors on October 26. This approval was followed by the signing with Bpifrance of the contract on the state aid by the French government, up to 114 million euros for the Gigafactory within the framework of the PIIEC scheme(1). The eligibility of the McPhy’s project to this scheme was approved by the European Commission last July.

Jean-Baptiste Lucas, Chief Executive Officer of McPhy, commented: : “We are very pleased with the decision of our Board of Directors, which is a positive conclusion to the various favorable notices we have recently received about our Gigafactory project. This Gigafactory will be a decisive tool in the development and design of large-scale electrolyzers, which are essential for the use of green hydrogen in ambitious decarbonization projects for industry and heavy mobility. We will soon have an industrial set-up capable of mass-producing a wide range of electrolyzers on a continental scale, that is unmatched by any other player in decarbonized electrolysis in Europe.”

Antoine Ressicaud, Chief Operating Officer of McPhy, says: “This is an inspiring project for the entire McPhy team, with 20,000 sqm dedicated to the manufacture and testing of multi-MW electrolyzers. Our desire is to implement the highest standards of industrial performance on this Belfort facility, through an ambitious social and environmental approach.”

The commissioning of the future plant on the Belfort site is scheduled from the 1st half of 2024, with a gradual ramp-up aimed at reaching an annual production capacity of 1 GW. The McPhy Group will then have a total annual production capacity of 1.3 GW(2), including the capacity of the San Miniato site in Italy, in line with the growth prospects of the green hydrogen markets, particularly in industry.

A phased public aid with an initial payment from Bpifrance of 28.5 million euros by the end of 2022

The contract signed with Bpifrance provides for the terms and conditions for the implementation of the public aid. McPhy will receive by December 31, 2022 an initial payment of 28.5 million euros. Subsequent payments will take the form of reimbursements of expenses incurred, pursuant to the terms of the contract, following the satisfactory achievement of defined milestones, for a total amount, including the initial payment, of up to 114 million euros.

A strategic tool for McPhy’s technological and industrial ambitions

With this Gigafactory, McPhy is pursuing 3 objectives:

  • Innovation: through the development of new generation alkaline electrolyzers, in terms of size, components and integration within modules;
  • Industrialization: with large-scale production to meet the needs of the European market in particular, to contribute to the decarbonization of industry, mobility and energy;
  • Collaboration: with numerous partners of the Hydrogen ecosystem in Europe and the dissemination of knowledge with academic, industrial and research stakeholders.

The future plant in Belfort will host new developments and production of the large electrolyzers in the “Augmented McLyzer” range, a real technological breakthrough, enabling 20, 100 MW and beyond (GW) architectures to be equipped with an output pressure of 30 bar. This large-scale R&D and industrialization effort will provide the industry with equipment capable of producing hydrogen from renewable energies at a cost that is competitive compared to alternatives using carbon energy.

The Gigafactory will further strengthen the McPhy’s industrial set-up with, on one hand, the electrolyzers with the ongoing automation of the San Miniato site, dedicated to the production of electrolyzers of up to 1 MW capacity and, on the other hand, the stations, on the brand-new site in Grenoble.

Concurrently, Belfort’s location at the crossroads of many European countries, with a genuine research and development ecosystem dedicated to innovation and hydrogen, will foster the multiplication of potential industrial and commercial partnerships.

Acceleration of development investments and expenses from the second half of 2022

The beginning of the construction and the purchase of the land will result in a cash outflow related to the Gigafactory of 9 million euros by the end of the year. In addition, and as previously indicated, McPhy intends to make further investments in order to be able to meet the growing demand for large-scale equipment and facilities, by increasing its R&D resources and by strengthening its project and service teams. These efforts, which are being implemented now, will result in additional expenses in the second half of 2022 and are expected to lead the year-end cash position to a level comparable to the end of the first half, taking into account the Gigafactory-related Bpifrance initial payment and cash outflows.

(1) PIIEC (“Projet Important d’Intérêt Européen Commun “) or IPCEI (“Important Project of Common European Interest”) is a financing system that supports projects deemed essential for Europe’s competitiveness, authorizing Member States to finance initiatives beyond the limits usually set by European regulations. A PIIEC or IPCEI Hydrogen was launched on December 17, 2020.

(2) Annual production capacity of the Belfort site of 1 GW, in addition to the 300 MW production capacity of the McPhy site in San Miniato, Italy.

About McPhy

Specialized in hydrogen production and distribution equipment, McPhy is contributing to the global deployment of low-carbon hydrogen as a solution for energy transition.

With its complete range of products dedicated to the industrial, mobility and energy sectors, McPhy offers its customers turnkey solutions adapted to their applications in industrial raw material supply, recharging of fuel cell electric vehicles or storage and recovery of electricity surplus based on renewable sources.

As designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production centers in Europe (France, Italy, Germany). Its international subsidiaries provide broad commercial coverage for its innovative hydrogen solutions.

McPhy is listed on Euronext Paris (compartment B, ISIN code: FR0011742329, MCPHY).

www.mcphy.com

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

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CEOG is the world’s largest power plant project combining photovoltaic energy and massive 128 MWh storage, mainly in form of hydrogen.

Within the framework of this project, McPhy signed an 8-year maintenance contract with Siemens Energy. This contract provides the remote planned and corrective maintenance of a high-power electrolyzer, as well as the supply of replacement parts and services to the site.

Grenoble, France, 25 October 2022 – 5:45 p.m. CEST – McPhy Energy, specialized in low-carbon hydrogen production and distribution equipment (electrolyzers and refueling stations), today announces the signing of an 8-year maintenance contract with Siemens Energy, acting as the manufacturer and operator of the Western Guiana Power Plant (“CEOG”) project, which was initiated by Meridiam, Société Anonyme de la Raffinerie des Antilles (SARA) and Hydrogène de France (HDF).

Under this agreement, McPhy’s teams will manage the maintenance of the equipment used to produce hydrogen and will also provide replacement parts and services to the site, starting from 2024. McPhy will ensure energy availability and efficiency of the electrolyzer.

By combining a high-power electrolyzer, 16 MW Augmented McLyzer supplied by McPhy, a photovoltaic solar park, a hydrogen storage unit and high-power fuel cells, the CEOG plant will produce hydrogen which will be stored under pressure in tanks. This hydrogen will then be recombined with oxygen from the air within fuel cells to produce 24/7 non-polluting electricity. The CEOG plant will thus secure the supply of electricity to 10,000 households in French Guiana, at a competitive cost compared to the territory’s thermal power plants.

Upcoming financial events: 

Publication of annual sales: January 24, 2023, 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 low-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 B, 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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Grenoble, France, September 28, 2022 – 5:45 p.m. CEST – McPhy Energy, specialized in low-carbon hydrogen production and distribution equipment (electrolyzers and refueling stations), announces that the French government is accelerating its plan to make France the leader in carbon-free hydrogen by 2030. The industrial-scale production of new generation alkaline electrolyzers is essential to achieve this goal.

In this context, the McPhy Gigafactory project will benefit from a public aid from the French State, for a maximum amount of €114 million, which is part of the IPCEI “Hy2Tech” approved by the European Commission on July 15, 2022.

The Belfort site has been pre-selected by McPhy for the implementation of this Gigafactory project.

With this project, McPhy is targeting 3 objectives:

  • Innovation, through the development of new generation alkaline electrolyzers, in terms of size, components and integration within platforms;
  • Industrialization of large-scale production to meet the needs of the European market, in particular, to contribute to the decarbonization of industry, mobility and energy;
  • Collaboration with numerous partners of the Hydrogen ecosystem in Europe and dissemination of knowledge with academic, industrial and research stakeholders.

The final investment decision for this Gigafactory project will be taken by McPhy shortly, after the contracting of the terms of the public aid with Bpifrance.

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 low-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 B, 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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Grenoble, France, September 21, 2022 – 5:45 p.m. CEST – McPhy Energy, specialized in low-carbon hydrogen production and distribution equipment (electrolyzers and refueling stations), announces the appointment of Alexandre Brunet as Chief Financial Officer of the Group. He will supervise McPhy’s Finance and IT functions and together with his team, he will support the Group’s development while ensuring its financial control.

Jean-Baptiste Lucas, Chief Executive Officer of McPhy Energy said: “We are delighted to welcome Alexandre Brunet as Chief Financial Officer of McPhy. His operational and managerial experience acquired in large international groups will enable him to support our transition to industrial scale.”

Prior to joining McPhy, Alexandre Brunet was a Senior Manager at the audit and consulting firm PwC. He then joined Schneider Electric, where he first integrated the Mergers & Acquisitions department, before becoming the Group’s Head of Investor Relations. Alexandre Brunet continued his career at Schneider Electric with several positions as CFO of operational entities, all multinational, with diverse activities: commercial, projects and services, supply chain. He spent 5 years in Copenhagen to take the responsibility of the Nordic-Baltic subsidiary and he contributed as well to the creation of a global IT Division.

Alexandre Brunet is a graduate of ESCP Business School and holds the DESCF degree as part of the French Certified Public Accountant course.

Next financial communication meeting

Publication of Full-Year Revenue: January 24, 2023, 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 low-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 B, 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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• Revenue of €5.2m impacted by after commercial repurchase of two old generation refueling stations
• 2.2 M€ (+ 42%) increase in sales excluding commercial recovery 44% increase in backlog over the first half of the year
• €8.9 million (+ 44%) increase in the order book for the first half of the year
• Deterioration of the margin on business due to the increase in R&D expenses
• Progressive operational start of large-scale hydrogen projects
• Commissioning of the new station production site in Grenoble
• Validation by the European Commission of the Gigafactory project for IPCEI funding
• Continued dynamic activity and growth investments expected in the second half of the year

Grenoble, France, July 28, 2022 5:45 pm CEST – McPhy, specialized in low-carbon hydrogen production and distribution equipment (electrolyzers and refueling stations), today announced its preliminary results for the first half of fiscal year 2022, as of June 30, closed today by the Company’s Board of Directors prior to the publication of the Half Year Financial Report (“HYR”) in September.

Jean-Baptiste Lucas, CEO of McPhy, stated: “To respond to the gradual acceleration of the market, McPhy has just completed its industrial facilities with the opening of a new site in Grenoble dedicated to the production of our hydrogen filling stations. At the same time, McPhy is pursuing its strategy to develop its pressurized alkaline electrolysis technology with an investment in capacity at its San Miniato plant, complemented by the recruitment of engineering and R&D teams in Wildau. These investments mark the Group’s change of scale and increase its production capacity to meet the demand of the European market. Finally, also in the electrolyzers area, the validation of the Gigafactory project by the European Commission within the framework of the PIIEC scheme confirms the potential of low-carbon hydrogen, and is a key step in the Group’s decision-making process.
On the operational side, McPhy has started to benefit this semester from the implementation of the large-scale hydrogen projects in which it is engaged. Intrinsic performance was affected by the take back of two stations already ordered due to non-standard technical and commercial requirements for both the two customers concerned and for McPhy.
This adjustment neutralizes the dynamism observed in the good progress of the last few months in the first half of the year.”

Dynamic commercial activity with increased order intake

• 2022 First-Half Revenue is stable compared to 2021 at €5.2 million. This is mainly due to the repurchase of two old generation stations sold in previous years to German customers, whose related amount has been subtracted from 2022 First-Half Revenue. The buyback of this equipment was deducted from 2022 First-Half Revenue. Adjusted for this effect, revenue would be €7.4 million compared with €5.2 million in the first half of 2021, representing growth of 42%. This solid performance is the result of the completion of the first orders on the major projects in which McPhy is involved, while the market continues to show a wait-and-see attitude regarding the release of public funding.
• The supply of electrolyzers, either large capacity (McLyzer) or from the Piel range, and McFilling hydrogen stations contribute to this half-year performance and demonstrate their perfect complementarity in generating growth.
• The Group’s recently won tenders on large-scale projects are beginning to generate substantial revenues, which are expected to increase significantly with new orders received under the framework of these projects:
o R-Hynoca , regarding the implementation of the first hydrogen station in Strasbourg;
o CEOG , regarding the construction of the West Guyana Power Plant. It will combine photovoltaic energy and massive electricity storage, mainly in the form of hydrogen;
• McPhy also signed a contract at the beginning of the year with a subsidiary of Eiffage to equip a site in Belfort with a 1 MW electrolyzer and a refueling station able to distribute up to 800 kg per day in order to fuel a fleet of hydrogen buses.
• Finally, McPhy received two first orders under the framework of its strategic partnership with Hype , consisting in supplying: (i) two 2 MW alkaline electrolyzers whose capacity can be increased to 4MW, and (ii) two Dual Pressure stations with a capacity of 800 kg per day respectively, to be installed in the Paris region.
The commercial dynamism during the first half of the year is reflected in firm orders totaling €16.1 million, bringing the backlog to €29.1 million at 30 June 2022, an increase of 44% compared to 31 December 2021.

Recurring operating result reflecting growth investments and prudent project management

• During the first half of the year, in order to support the expected growth of its business, the Group continued its development strategy. This resulted in an increase in current expenses due to:
o the development of its industrial capacities with the opening of the new station production site in Grenoble;
o innovation and R&D expenses in relation to the future introduction of its new range of electrolyzers and stations;
o the structuring of the teams and the active recruitment policy.
In this environment, personnel costs increased by €2.2 million year-on-year to €7.9 million in the first half of 2022, reflecting the recruitment of 32 new employees during the period. Other expenses amounted to €4.4 million in the first half of 2021 and €9.6 million in the first half of 2022, of which €6 million were incurred to strengthen the Group’s industrial and R&D teams (industrial subcontracting, recruitment costs and technical expertise).
• To cover a possible additional cost related to the technical warranty of its installed base of new generation electrolyzers, the Group has also made a provision of around €3 million in non-recurring expenses.
• The recurring operating loss thus reached – €19.4 million in the first half of 2022, compared with – €8.3 million in the first half of 2021.
• Net loss for the first half of 2022 was €19.7 million, compared with €8.6 million for the same period in 2021.

Strong cash position thanks to controlled cash consumption

• As of 30 June 2022, McPhy had a cash position of €141.8 million compared to €177.2 million at 31 December 2021. Cash consumption amounted to slightly more than €35 million during the first half of the year, including €12 million for the financial investment in the Hype Convertible Bonds subscribed under the framework of the strategic partnership with this company . The balance of €23 million is the result of the cash consumption required by the Group to finance its industrial and R&D investment policy.

2022 First-Half highlights: accelerating industrial scale-up and strengthening partnerships

• McPhy finalized the consolidation of all the activities dedicated to refueling stations on its new site in the heart of Grenoble on an existing industrial building of more than 4,000 m2. The new site will have a production capacity seven times higher than today’s, increasing from 20 to 150 units per year, and will lead to the creation of around one hundred direct jobs at full load. This new facility completes the Group’s network of stations and strengthens its presence in Auvergne-Rhône-Alpes, one of the most dynamic regions in Europe for the development of green hydrogen solutions. It perfectly illustrates McPhy’s ambition to become a major player in the hydrogen mobility segment.
• At the same time, McPhy maintained its efforts to scale up the electrolyzer part of its business with a major investment bringing the production capacity to 300 MW on the San Miniato site, in order to meet the market traction while waiting for the potential commissioning of the Gigafactory. To begin with, its facilities will be based on the Wildau site for the design and engineering of very high capacity electrolysis systems (multi-MW / GW), and on the San Miniato site for the design, production and assembly of stacks. The construction of the Gigafactory, with the addition of 1 GW, would bring the production capacity to 1.3 GW and McPhy would thus have a pan-European industrial facility unmatched by any other electrolyzer manufacturer.
• McPhy pursued the strengthening of its partnership ecosystem with key players such as Chart Industries, Technip Energies and TSG, which complement and confirm the quality of McPhy’s offer while providing important commercial leverage. McPhy thus participated in various tenders through joint bids, notably with Technip Energies.

Continued active recruitment policy and implementation of a structured ISR policy

• The Group strengthened its governance with the appointments of Laëtitia Peyrat as General Counsel and Secretary to the Board, and Benoît Barrière as Chief Technology Officer .
• McPhy hired 32 net new employees in the first half of 2022 in a context of intensified talent hunting. At the same time, the Group developed internal mobility in order to retain its managers, while pursuing an active policy to attract young graduates to the hydrogen sector through the promotion of internships which, in most cases, lead to hiring.
• In terms of ISR, the Group is pursuing the implementation of a structured policy to get closer to the best standards with the aim of achieving a demanding certification by 2025.

Post-closing event: validation by the European Commission of the McPhy Gigafactory project under the Hydrogen IPCEI program

• The European Commission validated the electrolyzer Gigafactory project among the projects submitted by France under the framework of the Hydrogen IPCEI. This decision demonstrates the interest of the project for the hydrogen sector in France and in Europe.
• The final investment decision will be taken by McPhy soon, after final confirmation by the French authorities of the amount of public aid and the contractualization of the terms of the provision of this aid with Bpifrance.

Outlook

Based on 2022 First-Half Results, McPhy observes that the low-carbon hydrogen market is still gradually gaining momentum and anticipates a more moderate growth of its revenue for the year 2022 than initially anticipated.
During the second half of the year, the Group will continue its industrial investments, notably by communicating its final decision on the construction of a Gigafactory. It also intends to maintain its active human resources policy, with a target of more than 60 net recruitments in 2022.
As the market in which McPhy operates remains strong, the Group will also continue to accelerate its growth investments, in particular in R&D, which will consequently impact its profitability.

Agenda

  • Availability of the half-yearly financial report: September 15, 2022, after market close
  • Publication of Full-Year Revenue: January 24, 2023, after market close

 

Annexes

Légende de l’image : style paragraphe + italique + centré

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 low-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 B, 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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Grenoble, France, July 18, 2022, 7:30 am CEST – McPhy (Euronext Paris Compartment B: MCPHY, FR0011742329), specialized in low-carbon hydrogen production and distribution equipment (electrolyzers and refueling stations), announces that its electrolyzer Gigafactory project has been approved by the European Commission as one of the projects submitted by France under the Hydrogen IPCEI (1).

https://ec.europa.eu/commission/presscorner/detail/en/ip_22_4544

McPhy’s Gigafactory project aims to develop new generation electrolyzers and to deploy their industrial production in series.

The Belfort site has been pre-selected by McPhy for the implementation of this Gigafactory.

With this project, McPhy is targeting 3 objectives:

  • Innovation, through the development of new generation alkaline electrolyzers, in terms of size, components and integration within platforms;
  • Industrialization of large-scale production to meet the needs of the European market, in particular, to contribute to the decarbonization of industry, mobility and energy;
  • Collaboration with numerous partners of the Hydrogen ecosystem in Europe and dissemination of knowledge with academic, industrial and research stakeholders.

The final investment decision will be taken by McPhy shortly after final confirmation by the French authorities of the amount of public aid and the contractualisation of the terms of the provision of this aid with Bpifrance.

(1) IPCEI (“Important Project of Common European Interest”) is a financing system that supports projects deemed essential for Europe’s competitiveness, authorizing Member States to finance initiatives beyond the limits usually set by European regulations. IPCEI Hydrogen was launched on December 17, 2020.

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 low-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 B, 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 registers a second order to supply the Hype network of stations in the Ile de France region
•  The first order dates from 25 April 2022 with the supply of a 2 to 4 MW alkaline electrolyzer and a Dual Pressure station with a capacity of 800 kg per day
•  To meet the accelerated deployment of Hype’s green hydrogen distribution network, McPhy will provide a second 2 to 4 MW electrolyzer and a second large capacity station, Dual Pressure 800 kg/day

Grenoble, France, July 4, 2022 5:45 pm CEST – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329),specialized in zero-carbon hydrogen production and distribution equipment (electrolyzers and refueling stations), announces that it has secured a second order as part of its strategic partnership with Hype. As a key player in light and heavy hydrogen mobility, Hype has once again selected McPhy to accelerate the deployment of its green hydrogen distribution network. The principles of this new order were described by McPhy in its press release of 14 December(1).

This second order signed with Hype, earlier than initially expected, includes a second alkaline electrolyzer of 2 to 4 MW and a second large capacity Dual Pressure 800 kg/day. They will be installed in the Paris region.

This new order is part of the strategic partnership between McPhy and Hype announced at the end of 2021. It will be completed in the coming months, subject to confirmation of specific subsidies requested by Hype in 2021, by 4 additional stations with a capacity of 800 kg/day.

“The signing of this second order is the culmination of our collaboration with Hype to support the deployment of its green hydrogen distribution network. As a supplier of hydrogen production and distribution solutions for zero-emission mobility, we are delighted with this co-development approach,” stated Jean-Baptiste Lucas, CEO of McPhy.

Further commercial opportunities are expected to arise from this partnership with the establishment by the end of 2022 of a co-exclusive framework agreement between Hype and McPhy. This agreement covers the deployment by Hype by the end of 2025 of a minimum of 100 stations in France and Europe, of which 50% would be allocated to McPhy, and 15 to 25 MW of alkaline electrolysis.

“This new order from McPhy is a perfect illustration of Hype’s strategy, which is to accelerate the deployment of a series of stations that will enable us to rapidly put into service a green hydrogen distribution network open to all uses: Hype taxis, but also other professional mobility such as last mile logistics, heavy goods vehicles and public transport. With this new order, Hype consolidates its strategic partnership with McPhy, an independent player and one of the leaders in the hydrogen sector in France,” commented Mathieu Gardies, President and Founder of Hype.

Upcoming financial event

Publication of 2022 First-Half Results on July 28, 2022 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 is happy to announce its selection in the Euronext Tech Leaders initiative dedicated to high-growth and leading Tech companies

Grenoble, June 8, 2022 – 5:45 pm CEST – McPhy Energy (Euronext Paris, B Compartment: MCPHY, FR0011742329), a specialist in zero-carbon hydrogen production and distribution equipment (electrolyzers and recharging stations), is proud to be part of Euronext Tech Leaders, the new initiative dedicated to high-growth and leading Tech companies.

Euronext’s rich Tech ecosystem brings together 700+ Tech companies listed on Euronext markets with 660+ alumni of its pre-IPO programmes and a large international investor base financing all growth profiles of Tech companies.

Euronext Tech Leaders is composed of 100+ high-growth and leading companies, each meeting a specific set of criteria to qualify. It complements Euronext’s existing Tech offer and aims to strengthen the European Tech sector and be a catalyst for the next generation of Tech leaders.

As a Euronext Tech Leader, McPhy will benefit from the suite of services developed by Euronext and its partners to support participants along their listing journey.
Euronext Tech Leaders | euronext.com

Upcoming financial event

Publication of half-yearly results on July 28, 2022 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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Approval of all resolutions

Appointment of Laëtitia Peyrat as General Counsel & Board Secretary and Benoît Barrière as Chief Technology Officer

La Motte-Fanjas, May 19, 2022 – 5:45 p.m CEST – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329), a specialist in zero-carbon hydrogen production and distribution equipment (electrolyzers and recharging stations) (the “Company”), informs its shareholders that its Combined General Meeting (the “General Meeting”) was held today at 11:00 a.m. under the chairmanship of Luc Poyer, Chairman of the Board of Directors of the Company.

The General Meeting adopted all the proposed resolutions. The consolidated result of the vote by resolution and the minutes of the General Meeting will be available on the Company’s website.

 

The Company would like to thank all shareholders present, represented or having voted by mail for their commitment and support.

 

In addition, the Company announces the appointment of Laëtitia Peyrat as General Counsel & Board Secretary and Benoît Barrière as Chief Technology Officer (CTO), both joining the Executive Committee.

 

Laëtitia Peyrat will lead the legal function and, in this position, will define McPhy’s legal strategy in line with the Group’s vision, corporate culture and growth objectives.

 

Benoît Barrière will be based in Wildau (Germany) and will have overall responsibility for project engineering, product development and R&D for all activities. Benoît Barrière will join the Executive Committee.

Next financial communication

Half-yearly results on July 28, 2022 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

LinkedIn    and    Twitter

McPhy signs a first order with Hype as part of their strategic partnership

McPhy will equip, in Île-de-France region, the Hype’s hydrogen station network with a 2 MW alkaline electrolyzer and an 800 kg / day Dual Pressure station

La Motte-Fanjas, April 25, 2022 – 05:45 pm CEST – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329), (the “Company”), specialized in zero-carbon hydrogen production and distribution equipment (electrolyzers and refueling stations), announces that it has finalized its strategic partnership agreement with Hype, key player in light and heavy hydrogen mobility, whose principles were described by McPhy in its press release of December 14, 2021 (1).

As part of this agreement, McPhy subscribed on April 22 to €12 million of convertible bonds issued by Hype, with a capitalized interest rate of 4.5% and a maturity of 9 years. These bonds may be converted into Hype shares, before their maturity date, under certain conditions and in limited cases for a period of two years, including a change of control, an IPO or an issuance of securities in excess of €10 million.

In this context, a first order was signed with Hype, for the supply of a 2 MW alkaline electrolyzer and a Dual Pressure station with a capacity of 800 kg per day, which will be installed in the Paris region. Two additional very large-capacity stations are expected to be ordered by June 30, 2022.

Further commercial opportunities are expected to arise from this partnership with the establishment by the end of 2022 of a co-exclusive framework agreement between Hype and McPhy. This agreement covers the deployment by Hype of a minimum of 100 stations in France and Europe, of which 50% would be allocated to McPhy, and 15 to 25 MW of alkaline electrolysis.

Next financial events

  • Annual General Meeting, on May 19, 2022
  • 2022 First-Half Results, on July 28, 2022 (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