ENGIE Cofely has commissioned clean hydrogen production and storage equipment, supplied by McPhy, at its Utilities Service Unit in Grenoble

• An ENGIE Cofely installation illustrating the potential of the carbon-free hydrogen, produced using electrolysis, as a raw material in industry

• Three McPhy electrolyzers and two storage modules perfectly suited to meeting the significant increase in the hydrogen requirements of the Utilities Service Unit (PUS)

• The PUS’s production performance and energy independence guaranteed while reducing its environmental footprint

La Motte-Fanjas, June 27, 2018 at 5:45pm – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329) a specialist in hydrogen production, storage and distribution equipment, congratulates ENGIE Cofely on commissioning its industrial production unit of renewable hydrogen at its Utilities Service Unit in Grenoble. For this project, which illustrates the potential of carbon-free hydrogen produced using electrolysis as a raw material in industry, the three production units and two storage modules were supplied by McPhy.

The commissioning of the installation fits perfectly with the French ministry’s strategic plan to support the roll-out of carbon-free hydrogen and make France the world leader in the field.

Pascal Mauberger, Chairman and Chief Executive Officer of McPhy said: “We congratulate ENGIE Cofely on completing this installation. It provides a compelling demonstration of the potential of carbon-free hydrogen produced using electrolysis as a raw material in industry. The commissioning of the installation fits perfectly with the plan announced on 1 June by France’s minister for ecological and inclusive transition Nicolas Hulot to support the roll-out of carbon-free hydrogen and make France the world leader in the field. One of the plan’s aims is to generate 10% of industrial carbon-free hydrogen by 2023 and 20% to 40% by 2028. We wish to thank ENGIE Cofely and Linde Electronics for the confidence they have placed in us by selecting our technologies.”

An installation demonstrating the potential of the carbon-free hydrogen produced using electrolysis for industry

The hydrogen platform, which is located on the CEA Minatec site at the heart of Grenoble’s science cluster, is operated by ENGIE Cofely.

The three electrolyzers will be used specifically for CEA/LETI’s industrial processes and for GEG’s (Gaz Électricité Grenoble / in the framework of the HyWay project) zero-emission mobility solutions.

As part of this project with its industrial aims, McPhy’s electrolysis solution will provide a nominal flow rate of 30 Nm3/h and a peak flow rate of 50 Nm3/h.

Industrial production unit of renewable hydrogen | Three McPhy’s electrolyzers supplying 30 Nm3/h in nominal and 50 Nm3/h at peak.

Full details of the project are available in the press kit of ENGIE Cofely (French): https://www.engie-cofely.fr/publications/hydrogene-renouvelable-cea-grenoble/

Next financial communication
2018 Half year results, July 26, 2018

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production, storage and distribution equipment, McPhy contributes to the deployment of clean hydrogen throughout the world.
Thanks to its wide range of products and services dedicated to the hydrogen energy, zero emission mobility and industrial hydrogen markets, McPhy provides turnkey solutions to its clients. These solutions are tailored to our client applications: renewable energy surplus storage and valorization, fuel cell car refueling, raw material for industrial sites.
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.fr

Investor relations

NewCap
Julie Coulot | Emmanuel Huynh
T. +33 (0)1 44 71 20 40
mcphy@newcap.fr

 

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McPhy announces with its technological partner De Nora a long-term supply agreement of advanced electrode packages

• Through the introduction of the proprietary electrodes of De Nora inside the high-pressure water electrolysis of McPhy, the quantity of hydrogen produced doubles with the same stack size and specific energy consumption.

• An unrivalled electrolysis platform offering key benefits for clients: high energy efficiency, reduced foot print, drastic improvement of competitiveness.

• McPhy can now respond to the different needs of Industry, Transportation and Energy sectors with systems ranging from few MW up to 100 MW and over.

• This new generation of alkaline water electrolysis has already been selected by major industrial players.

La Motte-Fanjas, April 17, 2018 – 5:45pm – McPhy (Euronext Paris Compartiment C : MCPHY, FR0011742329), a specialist in hydrogen production, storage and distribution equipment, announces that it has signed with its technological partner De Nora an exclusive supply agreement of advanced electrode packages.

Under the frame of the joint development agreement signed in 2015, McPhy and De Nora have equipped the high pressure alkaline water electrolysis process of McPhy with advanced electrodes packages engineered by De Nora and successfully validated a new generation of alkaline water electrolysis.

The new product line is now ready to be deployed up to very large scale and has already been selected by major industrial players.

This cutting-edge electrolysis technology offers unrivalled benefits to clients:

  • High power efficiency with operating current density up to 10KA
  • Fast dynamic response time
  • High pressure production
  • Costs competitive with alternative solutions for large scale units
  • Drastic footprint reduction
  • Very large electrolysis platforms: 20 MW to 100 MW and over

 

This new generation of electrolyzers will be unveiled at the Hanover’s Fair of the 23th-27th April. 

We demonstrate our commitment to stay at the cutting edge of the hydrogen technology and to meet the market needs.

Pascal Mauberger, McPhy’s Chairman and Chief Executive Officer, stated: “In the very favorable context of the massive deployment of hydrogen, we are delighted to announce the launch of this new generation of electrolyzers thanks to our technological partnership with De Nora. We demonstrate our commitment to stay at the cutting edge of the hydrogen technology and to meet the markets needs for more efficient, competitive and environmental friendly electrolyzers.
This contributes to reinforce our competitive advantage. Our technologies and industrial infrastructure are ready for the “scaling up” that was predicted in the study conducted by the Hydrogen Council.”

“The unparalleled expertise and market position of De Nora in industrial electrochemistry, backed by our strong focus on R&D, together with the excellent collaboration established with McPhy has been the right springboard for developing a solution with unique features that represents a key milestone in innovation of alkaline water electrolysis. It improves significantly the value proposition to clients increasing the technological content while lowering operating costs. After three years of development, we demonstrate our capacity to accelerate the pace of innovation by launching ready-to-use products in line with clients’ expectations. Our factories are ready to manufacture large quantities of electrodes for water electrolysis and are ready for the hydrogen economy revolution” comments Luca Buonerba, De Nora’s Chief Marketing & Business Development Officer.

Come and visit us at the Hannover Messe, hall 27 stand C70, to discover in “avant premiere” our augmented electrolysis technology.

Upcoming financial communication
Results for first-half 2018, 26th July 2018

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production, storage and distribution equipment, McPhy contributes to the deployment of clean hydrogen throughout the world.
Thanks to its wide range of products and services dedicated to the hydrogen energy, zero emission mobility and industrial hydrogen markets, McPhy provides turnkey solutions to its clients. These solutions are tailored to our client applications: renewable energy surplus storage and valorization, fuel cell car refueling, raw material for industrial sites.
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.fr

Investor relations

NewCap
Julie Coulot | Emmanuel Huynh
T. +33 (0)1 44 71 20 40
mcphy@newcap.fr

About De Nora

De Nora is an Italian multinational leader in sustainable technologies, that offers energy saving products and water treatment solutions. Globally De Nora is the pre-eminent provider of electrodes for electrochemical processes for Chlorine & Caustic, Electronics & Surface Finishing, Pool Electrochlorination and Energy sectors. It serves clients in 119 countries and has a physical presence in 11 countries worldwide with 19 offices, 12 manufacturing facilities, and three research & development centers in Italy, the USA and Japan. The Group intellectual property portfolio currently contains 355 patent families with more than 3,000 territorial extensions.

www.denora.com

De Nora on LinkedIn: https://www.linkedin.com/company/116627/

De Nora Communication

Italy
Spriano Communications
lspriano@sprianocommunications

De Nora Communication

USA
BB Communications Group
beth@bethboeth.com

 

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  • | Crossed threshold of 10 million euros
  • | Growth primarily driven by the European zone, up 84%
  • | Doubling of the « qualified sales pipeline » (1.) to more than 80 million euros
  • | Confirmation of the pursuit of a high rate of activity growth for 2018

La Motte Fanjas, 23 January 2018 – 5:45 pm – McPhy (Euronext Paris Segment C: MCPHY, FR0011742329) specialist in equipment for the production, storage and distribution of hydrogen, announced today its revenue for 2017.

(in million euros)20172016Variation
First half 5,5 2,2 x 2,5
Second half 4,6 5,3 - 14 %
Total revenue 10,1 7,5 + 34 %

Our know-how is acknowledged and translates into commercial and industrial success internationally for all units.

Pascal Mauberger, Chairman and Chief Executive Officer of McPhy, stated, “2017 was marked by a turning point that confirmed the reality and the ramp-up of the clean hydrogen market. McPhy’s performance this year shows that we were able to identify and develop very early on the advanced technology that responds to the colossal needs of the market, brought by the necessary transition to a decarbonized society. Today, our know-how is acknowledged and translates into commercial and industrial success internationally for all our activities, as was proven by the delivery of 4MW hydrogen generation units (Power-to-Gas) in Hebei (China), and the first exported hydrogen stations. Our qualified sales pipeline has doubled in one year and is set at over 80 million euros. We are determined more than ever to continue to seize these opportunities.”

Strong revenue increase in 2017 for McPhy: +34%

McPhy’s revenue increased by 34%, crossing the 10 million euro threshold. This growth was primarily driven by the European zone (up 84%), a market with strong growth and in which McPhy is well positioned due to its historic anchorage. The Group offers unparalleled expertise in the development and engineering of large electrolysis systems in Germany, a solid industrial infrastructure in Italy and an engineering and prototyping capacity for storage systems and hydrogen stations in France. Lastly, this solid level of performance was obtained despite the postponement of several important contracts, expected in the second half of 2017, to the fiscal year 2018.

In June 2016, McPhy announced the entry into force of a contract for 6.4 million euros for the delivery of 4MW hydrogen generation units (Power-to-Gas) in Hebei (China). Revenue recognition for work in progress started in the second half of 2016 and was followed by the delivery of the units in the first half of 2017.
5% of the contract remain to be done in fiscal year 2018. Excluding the impact of this contract, the revenue growth for the other activities would have been 65%.

As of 31 December 2017, McPhy has a net cash position of 5 million euros.

McPhy’s strong ramp-up in the context of acceleration of the worldwide development of clean hydrogen

2017 was marked by a turning point in the development of clean hydrogen throughout the world. This was exemplified by studies conducted by the Agence Internationale de l’Energie (AIE) (2.) and the Hydrogen Council (3.), which confirm that hydrogen is indispensable in order to exit a carbon economy and to respond to the challenges of public health and the perils of climate change. According to the Hydrogen Council study, the annual demand for hydrogen could represent globally 18% of the total energy demand by 2050. By this horizon, hydrogen could generate a revenue of 2,500 billion dollars and create more than 30 million jobs. In the near term, 25 billion dollars should be invested on a yearly basis between 2018 and 2030, of which 2/3 in the production equipment and in the implementation of the decarbonized hydrogen.

This economic reality has already positively impacted markets dealt with by McPhy: clean mobility, Power-to-Gas and industry. The Group was able to show that its cutting-edge technologies, developed over many years, are perfectly in line with the market’s needs:

  • Clean Mobility: know-how acknowledged by prestigious partners, deployment of stations offering a potential of 21,000 km clean mobility per day;
  • Power-to-Gas: the capacity to meet major challenges of energy storage and network regulation. 13.5 MW of high power electrolysis installed or in the process of installation;
  • Industry: very competitive technology allowing industrial companies to reconcile economic performance and reduced greenhouse emissions, an anticipated fast-growing market, according to the AIE.

Confirmation of the pursuit of a high rate of activity growth for 2018

In order to better understand the evolution of the projects currently under negotiation, the Group informs that its “qualified sales pipeline” has doubled over the last 12 months, and today stands at more than 80 million euros, which thereby illustrates the acceleration of the hydrogen market. This market indicator does not take into account the massive scale electrolysis platform projects (from 10 to 100 MW), for which the impact on revenue will be quite significant.

McPhy has at its disposal an offer which is perfectly poised on these markets thanks to the McLyzer generators. McPhy is in the process of developing a new generation of electrolyzers that are more compact, responsive and efficient. These new units will strengthen its range of large capacity electrolyzers, thereby offering electricity networks the flexibility they need to absorb intermittent renewable energy supply.

All of these factors permit us to confirm the pursuit of a high rate of activity growth for 2018.

Next communication

2017 results – Tuesday 13 March 2018, after market close.


1.Projets for which McPhy considers there is more than a 50% chance of success and implementation
2.Insights series 2017 / Renewable Energy for Industry
3.http://hydrogencouncil.com/hydrogen-scaling-up/

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production, storage and distribution equipment, McPhy contributes to the deployment of clean hydrogen throughout the world.
Thanks to its wide range of products and services dedicated to the hydrogen energy, zero emission mobility and industrial hydrogen markets, McPhy provides turnkey solutions to its clients. These solutions are tailored to our client applications: renewable energy surplus storage and valorization, fuel cell car refueling, raw material for industrial sites.
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.fr

Investor relations

NewCap
Julie Coulot | Emmanuel Huynh
T. +33 (0)1 44 71 20 40
mcphy@newcap.fr

 

Connect with us!

Keep up with our news by following us on

LinkedIn    and    Twitter

A global automotive executive survey 2018

For its 19th edition, the survey, polled nearly 1,000 senior executives from the world’s leading automotive companies and more than 2,100 consumers from around the world.

According to the survey, 78% of executives think that fuel cell hydrogen vehicles will be the future.
A majority of auto executives (62%) still think battery electric cars will fail, survey says, mainly for infrastructure and charging time reasons.

More than three-quarters of executives think that fuel cell hydrogen vehicles will be the future.

To find out more:
Release from Electrek
Full KPMG study

 

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The sector has the wind in its sails!

The FEE (France Energie Eolienne) organizes its 8th national symposium on the theme of “Concrete solutions for the France of tomorrow”.
This symposium is a major event for the wind power sector, which has a huge economic growth + competitiveness + job creation + technological innovation potential.

Mark your calendar for Sept. 19 & 20

In line with the growth of the renewables, hydrogen asserts itself as an innovative and unmissable energy vector, shaping a cleaner future.

(Find out more at: https://mcphy.com/en/hydrogen/h2-0-emission-0-co2/)

Invited by the FEE, Pierre LOMBARD, McPhy’s Sales Manager, will attend as a speaker during the “renewable energies at the heart of our territories” conference.
A great opportunity to introduce the game-changer hydrogen and outline the way H2 can drive clean energy forward.

National symposium: 19 – 20 September at the Parc Floral of Paris
Conference “Renewable energies at the heart of our territories”: Wednesday 20 Sept. – 2:00 PM to 3:30 PM in the auditorium

Info and subscription: http://www.colloque-national-eolien.fr/

The topic of the event organized in Lyon by the FEE (France Energie Eolienne: the French association for wind energy) is: “Innovation and environment in wind power”.

Opening up new possibilities for #CleanEnergy

If you’re in Lyon, come and see us at 11:50 AM for the conference “Wind power & Hydrogen; a new perspective”.

The talk is co-animated by Nicolas Ugalde , Managing Director of VDN Group (a leading wind power company) and Pierre Lombard, our Sales Manager France.

The full program is available on the FEE website.

At European level: launch of “The Electrification Alliance” by Wind Europe

On June 29th, the European cluster Wind Europe published its “Electrification Alliance” project, stating that “Wind energy together with clean hydrogen can play a vital role in decarbonising economies”  [Giles Dickson, PDG Wind Europe].

Find out more on their website.

With the “Journées de la mobilité durable”, go to the heart of the zero-emission mobility

Conferences, workshops: this three-day eventis organized in Grenoble.

We’ll soon let you know when and where to find us!

 

| 28, 29 and 30 September 2017 | CEA Grenoble
Find out more by browing their website: www.journee-mobilite-durable.fr