All resolutions recommended by the Board of Directors were approved

La Motte Fanjas, May 27, 2019 at 5:45 pm – The Combined Extraordinary and Ordinary General Shareholders Meeting of McPhy was held on May 23, 2019 at the Hôtel IBIS STYLES, Valence TGV, at Alixan (Drôme), France.

Shareholders present or represented totaling 6 584 318 (53.54%) voting rights, adopted with a large majority all the resolutions recommended by the Board of Directors.

Commenting on the company’s outlook, Pascal Mauberger, confirmed his confidence in pursuing a dynamic of growth and improved profitability in a buoyant market.

Upcoming financial communication

2019 first-half results: Tuesday 30 July 2019 after market close

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

McPhy launches “Augmented McFilling”, its new smart hydrogen station architecture for heavy duty vehicles

• “Augmented McFilling”: an innovative, proprietary and patented architecture integrating software intelligence that makes the hydrogen station dynamically reconfigurable
• For an infinite number of usage scenarios and real-time adaptation to customer needs, with no capacity limits
• In perfect adequacy with the massive hydrogen needs induced by the necessary decarbonation of heavy transports and long-distance vehicles (trains, trucks and buses)

La Motte-Fanjas, April 1st, 2019 – 8:00am – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329) a specialist in hydrogen production and distribution equipment, launches at the Hannover Messe its new range of hydrogen stations, intended to decarbonize heavy transports and long-distance vehicles.

This innovative combination of shared functions and dynamic reconfiguration of the station’s operating scheme allows us to provide our customers with an infinite number of usage scenarios, adapted to their needs in real time and in a perfectly transparent way, without capacity limits.

Pascal Mauberger, McPhy’s Chairman and Chief Executive Officer, states: “Augmented McFilling by McPhy is a unique design. More than a hydrogen station, it is an intelligent system combining a proprietary, patented architecture with software that makes it dynamically reconfigurable. This innovative combination of shared functions and dynamic reconfiguration of the station’s operating scheme allows us to provide our customers with an infinite number of usage scenarios, adapted to their needs in real time and in a perfectly transparent way, without capacity limits.

Our smart supervision software greatly increases the availability and flexibility of hydrogen stations, and therefore meets the 24/7 needs of heavy transports, while optimizing the system’s energy efficiency; as well as investment and operating costs.

Following the launch of the ‘Augmented McLyzer’ range in 2018, our new generation of ‘Augmented McFilling’ stations allow us to offer a complete range of smart, modular, without capacity limits low-carbon hydrogen production and distribution solutions, already ’fit for purpose’ and ready for the future.

Augmented McFilling, 2,000 kg per day configuration, 12-train scenario| McPhy®

Augmented McFilling: a dynamically reconfigurable architecture

Hydrogen is the only technology which is already scaled-up, capable to meet, in a competitive way, the massive needs induced by the necessary decarbonation of heavy transportation.

As a specialist in hydrogen solutions for the energy revolution, McPhy Group has focused its research and innovation on solutions that can produce and deliver the hundreds, or thousands, of kilos of low-carbon hydrogen required every day to successfully achieve “zero-emissions” transportation.
A true concentration of technological and digital advances, “Augmented McFilling” is a patented, proprietary hydrogen station architecture that mutualizes compression, storage, cooling and vehicle delivery functions. This unique architecture is managed by McPhy’s smart supervision software, which makes “Augmented McFilling” stations dynamically reconfigurable.

The station thus defines autonomously (without human input and without interruption of operation) its optimal operating scheme and (re)directs the flows, from production to vehicles delivery, compression and storage, to deliver hydrogen at the best cost while ensuring continuity of service and a maximum availability rate.

This unique design of proprietary architecture and software intelligence:

  • allows the station to perfectly fit with the customer needs in real time,
  • is modular, with no capacity limits: 2,000, 4,000, 10,000 kg per day and beyond,
  • “Bigger scale, lower costs”: the scaling-up and industrialization of hydrogen stations will reduce investment and operating costs and democratize hydrogen mobility for all types of transport.

Participate in the official launch at the Hannover Messe

The Hannover Messe is the world’s largest technology and innovation fair in the industry. It attracts more than 225,000 trade visitors from 100 countries.

At the heart of the hydrogen pavilion, McPhy Group is presenting a preview of its “Augmented McFilling” solution, and invites you to come:

1-5 April, Hall 27, Stand C70
Invitation to attend the fair free of charge (registration required): https://www.hannovermesse.de/ticketregistration?auvzk

Attend McPhy’s presentations:

  • Tuesday 2 April 13.40 – 14.00 | Technical Forum | “Launch of Augmented McFilling, a dynamically reconfigurable architecture to support the decarbonation of heavy transports“ – Bertrand AMELOT, EVP Sales & Marketing
  • Wednesday 3 April 11.40 – 12.00 | Public Forum | “Unlimited Hydrogen: towards a zero-emission society” – Pascal MAUBERGER, CEO
  • Wednesday 3 April 15.00 | Technical Forum | “Elevator Pitch | Electrolysis technology” – Bertrand AMELOT, EVP Sales & Marketing

Upcoming financial communication

2019 first-half results: Tuesday 30 July 2019 after market close

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

McPhy: a positive start to 2019 despite an operating income fall in 2018 as expected

• A 21% drop in revenue in 2018 compared to 2017, due notably (and as previously announced (1) ) to delays in the finalization of several orders
• As expected operating income for 2018 is 47% lower than in 2017, at -€9.4 million, due mainly to the fall in revenue over the year and trends in operating expense relating to business activity
• Cash of €14.9 million, following capital-boosting transactions in 2018
• Strategic partnership signed in June 2018 with EDF, thus becoming the company’s leading shareholder
• More than 5 million euros of orders received over the first two months of the year and confirmation of a return to revenue growth in 2019 in an ever-more buoyant market

La Motte-Fanjas, March 12, 2019 at 5:45pm – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329), a specialist in hydrogen production and distribution equipment, is today announcing its results for 2018, which were approved by the company’s Board of Directors.

We are determined to maintain this focus with clearly identified priorities: product development, strengthening our marketing in key areas, winning new markets and signing partnerships.

Pascal Mauberger, McPhy’s Chairman and Chief Executive Officer, commented: “As announced, our results for 2018 were affected by delays in the finalization of several orders and by the extension of the duration of certain existing projects for our clients.
Our teams remain mobilized to continue building McPhy’s technological leadership by launching new products such as the ‘Augmented McLyzer’ generation of electrolyzers, which will enable us to offer innovative solutions on a scale that matches our clients’ needs. We have also signed an agreement for our first hydrogen bus fueling station in France, creating a flagship reference in mass mobility. In addition, the industrial and commercial partnership agreement with EDF signed in 2018 is now fully operational and is manifesting itself in joint tender bids.
The early months of 2019 have shown that our strategy is bearing fruit, with more than €5 million in orders received. This is why we are determined to maintain this focus on growth with clearly identified priorities: product development, strengthening our marketing in key areas, winning new markets and signing partnerships. We are convinced that this strategy will allow McPhy to continue to grow and maintain its leadership in the fast-expanding market for low-carbon hydrogen.”

Simplified Income Statement

Simplified Income Statement

Change in operating expense in line with business activity

The increase in external costs and provisions was due to delays in the finalization of several orders, the extension of the duration of certain projects and additional costs incurred in the installation phases of these initial reference projects for McPhy. This resulted in an expected 47% drop in operating income in 2018 compared to 2017, to -€9.4 million.
The lessons learned on these first contracts have been factored in for contracts due to be delivered from 2019 on, and provisions have been made for additional costs to neutralize their impact on 2019 figures. Furthermore, despite the revenue decline, McPhy continued to strengthen its research and innovation efforts.
At December 31, 2018, McPhy had cash assets of €14.9 million, boosted by transactions to strengthen capital carried out in 2018.

Read the full release

Download, below, the full PR to find out more about the “2018 Highlights” & “Confirmation of a return to growth in 2019”.

Next press release

2019 first half results – Thursday July 30, 2019 after market close

(1) Press releases of 24 October 2018 and 22 January 2019

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

Positive start to the year for McPhy, with over €5 million in orders received

• A 6-station order for the deployment of hydrogen mobility solutions as part of the EAS-HyMob project in Normandy, increasing the number of McFilling stations installed or in the process of being installed to 21
• 2 MW in additional electrolysis capacity in Germany for the Energy market, lifting the high-power electrolysis capacity implemented by McPhy to 16 MW
• The previously announced  (1) largest ever order for McPhy’s PIEL product line, with 11 electrolyzers to be shipped to the Bangladesh Meteorological Department
• A previously announced electrolyzer (1) for the mobility market, which will be fitted in the 1st hydrogen refueling station in Chambéry for the Zero Emission Valley project.

La Motte-Fanjas, March 5, 2019 at 5:45pm – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329) a specialist in hydrogen production and distribution equipment, is today announcing that it has received firm orders worth over €5 million since the beginning of the year.

We are delighted with how 2019 has started for us, since we have achieved the positive top-line momentum we predicted. These firm orders are a ringing endorsement of our product strategy in our three key hydrogen markets—mobility, industry and energy.

Pascal Mauberger, Chairman and Chief Executive Officer of McPhy, commented: “We are delighted with how 2019 has started for us, since we have achieved the positive top-line momentum we predicted. These firm orders are a ringing endorsement of our product strategy in our three key markets.

In the zero emission mobility market, we logged an order for six McFilling 20-350 stations in the framework of the EAS-HyMob project, which shows that our offering is well-suited to France’s strategy for deploying hydrogen refueling infrastructure.

In Germany, we reached a major technological milestone by marketing our first electrolyzer fitted with “high current density” electrodes co-developed with De Nora. The electrolyzer will double the volume of hydrogen produced. These two new megawatts will lift to 16 MW the high-power electrolysis capacity we have implemented. It is crucial for the large-scale decarbonization of applications in the industry, mobility and energy sectors.”

Orders delayed in 2018 have now materialized driving strong business momentum

With over €5 million in orders received, it is a positive start to the year for McPhy:

McPhy has just logged an order for six stations from SIEGE 27 and SDEC Energie (2)  to support the roll-out of hydrogen mobility solutions in the Eure and Calvados departments as part of the EAS-HyMob Normandy project (3). These stations are the first in the plan, which will ultimately feature 15 hydrogen refueling units and are due to be commissioned as captive hydrogen vehicle fleets are introduced.

As previously announced, McPhy has received an order for a next-generation 40kg/day 30-bar electrolyzer, which will be delivered this year. It is intended for a hydrogen station to be built in Chambéry by ATAWEY(4) as part of the Zero Emission Valley project (5) in the Auvergne-Rhône-Alpes region. Under the project, 20 stations are due to be installed across the region, including 15 with electrolyzers (6). It aims to make Auvergne-Rhône-Alpes Europe’s leading region in the deployment of hydrogen.

These new projects increase to 21 the number of McFilling stations installed or currently being installed, together representing a daily potential of 64,500 km in zero emission mobility.

In the energy market, McPhy received the first payment for a Power to Power application in Germany in respect of a McLyzer 400-30 installation. This is the first McLyzer 400-30 featuring McPhy’s high-density current electrodes co-developed with De Nora, its industrial partner. This 2 MW project lifts to 16 MW the high-power electrolysis capacity built by McPhy.

Lastly, McPhy recently received an order from the Bangladesh Meteorological Department for 11 electrolyzers from the PIEL line, which are due to be delivered during 2019. These electrolyzers will be used to inflate balloons for weather probes. This is the largest order ever placed for McPhy’s PIEL line of products.

Together, all these firm orders are worth over €5 million. These commercial successes demonstrate that the delayed orders initially anticipated in 2018 have now materialized, and that the Group’s top-line business momentum is right on track.

Next press release

FY 2018 results on Tuesday, March 12, 2019 (after the market close)

[1] 2018 revenue press release dated January 22, 2019

[2] This project is supported by European Union funding via the European Innovation and Networks Executive Agency (INEA) as part of the Connecting Europe Facility – Transports (CEF-T) infrastructure program.

[3] https://eadymob.normandie.fr

[4] http://www.atawey.com

[5]    https://www.auvergnerhonealpes.fr/uploads/Presse/91/203_486_CP-12-20-Zero-Emission-Valley-reconnu-au-niveau-europeen.pdf

[6]    https://www.auvergnerhonealpes.fr/uploads/Presse/91/203_486_CP-12-20-Zero-Emission-Valley-reconnu-au-niveau-europeen.pdf

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

McPhy: FY 2018 revenue of €8 million

• Confirmation of a 21% decline in FY 2018 revenue compared to FY 2017 due to delays affecting several orders
• FY 2018 operating performance expected to show the impact of this top-line contraction
• High rate of growth maintained in Europe, with revenue up 23% compared to FY 2017
• Confirmation of a sustained commercial activity and a “qualified commercial pipeline” estimated at over €80 million
• Further business expansion expected in 2019

La Motte-Fanjas, January 22, 2019 at 5:45pm – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329) a specialist in hydrogen production and distribution equipment, is today announcing its revenue for the financial year ended December 31, 2018.

Pascal Mauberger, Chairman and Chief Executive Officer of McPhy, commented: “The contraction in our 2018 revenue mainly reflects the delays in the concretization of several orders and an extension to the length of certain existing projects by McPhy’s customers, despite highly buoyant conditions in the clean hydrogen market worldwide. These orders should materialize on the medium term. For example, the permit for the second hydrogen station in Lyon awarded at the beginning of 2018 entered into force only in December.

We expect our revenue to return to growth in 2019 […] supported by the expansion in our qualified pipeline […] and operational implementation of our partnership with EDF, under which we are making joint submissions for heavy mobility competitive tenders”

We anticipate revenue growth in 2019 supported by a qualified pipeline of over €80 million and operational implementation of our partnership with EDF, under which we are making joint submissions for heavy mobility competitive tenders such as bus refueling stations with a capacity of several hundred kg per day; and such as platforms fueling hydrogen trains and river ferries with a capacity of over 1 tonne per day are among the projects being tendered for.

We are confident in McPhy’s ability to seize and convert market opportunities owing to its renowned expertise and its cutting-edge technologies geared to meeting the colossal market needs linked to the imperative transition towards a lower carbon economy.

21% contraction in McPhy’s FY 2018 revenue

McPhy’s revenue fell 21% to €8 million in the financial year to December 31, 2018. This anticipated and announced contraction mainly reflects the delays in the concretization of several orders and an extension to the length of certain existing projects by McPhy’s customers. Revenue in Europe continued to deliver a high growth, rising 23% in FY 2018.

Revenue in Asia was held back by an end to recognition of revenue related to the €6.4 million contract to deliver the 4 MW Power-to-Gas equipment in Hebei (China). Excluding the impact of this contract, revenue growth would have been 9% in FY 2018.

McPhy held €14.9 million in cash at December 31, 2018.

Key milestones achieved by McPhy in clean hydrogen market that remains as buoyant as ever

The expected ramp-up in the hydrogen market predicted in the Hydrogen Council’s “Scaling Up” report continued in 2018. The French government also undertook to support the development of a carbon-free hydrogen sector as part of the energy transition. In 2019, it is expected to set aside a budget of €100 million for the roll-out of carbon-free hydrogen in the industry, mobility and energy sectors across France.

Amid buoyant market conditions, McPhy reaffirmed its leadership credentials with major industry players and forged key partnerships.
In April, it launched a whole new generation of electrolyzers under its technology partnership with De Nora. This provides a genuine technological breakthrough substantially strengthening its competitive advantage.

McPhy has also expanded its hydrogen mobility offering. In May 2018, McPhy won a contract with the Lens-Béthune urban area for a 200kg/day 350-bar refueling station. This station, which is due to enter into service in the first half of 2019, ultimately will power 10 hydrogen buses. McPhy also developed a line of dedicated refueling stations for 700-bar vehicles. These successfully passed the tests held jointly with Toyota, the leader in carbon-free mobility, paving the way for the architecture for the first series to be finalized in late 2018. An order has now been received for the first 200kg/day 700-bar refueling station close to Berlin in Germany, scheduled for delivery in late 2019.

McPhy also signed in June 2018 an industrial and commercial partnership with EDF, the world leader in low-carbon energies to develop carbon-free hydrogen in France and around the world. With the additional financial resources and the partnership of the EDF group, McPhy will be able to accelerate the pace of its growth, strengthen its business development, and conquer new markets.

Further business expansion expected in 2019

The delayed orders, which impacted McPhy’s FY 2018 revenue and all its results, are expected to materialize on the medium term. Its “qualified commercial pipeline” currently stands at over €80 million, providing further evidence of its sustained commercial activity.

McPhy has received an order for a next-generation 40kg/day 30-bar electrolyzer, which will be delivered this year. It is intended for a refueling station to be built by ATAWEY and located in Chambéry as part of the Zero Emission Valley project in the Auvergne-Rhône-Alpes region. Under the project, 20 stations are due to be installed across the region, including 15 with electrolyzers .

In addition, McPhy has recently received an order for 11 electrolyzers from the PIEL line, which are due to be delivered during 2019. These electrolyzers will be used to inflate balloons for weather probes. This is the largest order ever placed for McPhy’s PIEL line of products.

Lastly, the industrial and commercial partnership agreed with EDF in 2018, to develop carbon-free hydrogen in France and around the world, is now fully operational. McPhy and EDF will now make joint submissions to calls for tenders for bus refueling stations with a capacity of several hundred kg/d based on electrolyzers and for platforms to power hydrogen trains and river ferries with a capacity of over 1 tonne per day.

As a result, McPhy expects its revenue to return to growth in 2019.

Next press release

FY 2018 results on Tuesday, March 12, 2019 (after the 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 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

McPhy to install its 15th hydrogen station for the Communauté de Communes Touraine Vallée de l’Indre

• 15th hydrogen station, bringing McPhy’s stations’ daily potential to 52,500km of zero-emission mobility
• Touraine Vallée de l’Indre is launching a pioneering project driving zero-emission mobility: HYSOPARC

La Motte-Fanjas, November 12, 2018 – 05:45pm CETMcPhy (Euronext Paris Compartment C: MCPHY, FR0011742329), a specialist in hydrogen production, storage and distribution equipment, today announces that it is to install its 15th hydrogen station for the Communauté de Communes Touraine Vallée de l’Indre in Sorigny. The station has the capacity to deliver 20kg of hydrogen per day, able to charge more than a dozen utility vehicles.

“Projects driving zero-emission mobility can now be initiated on a regional basis.”

Pascal Mauberger, Chairman and Chief Executive Officer of McPhy, comments: “The government set new momentum for the French hydrogen industry with the launch of a rollout plan in June. Projects driving zero-emission mobility can now be initiated on a regional basis. Formed from the merging of two intercommunal bodies, the Communauté de Communes Touraine Vallée de l’Indre has a particularly interesting approach. The grouping together of intercommunal bodies is a guarantee of success, particularly in rural areas, as it facilitates the implementation of local hydrogen ecosystems that can be replicated in the heart of all regions. We are delighted to be installing our 15th McFilling station in Sorigny and would like to thank the Communauté de Communes Touraine Vallée de l’Indre for placing its trust in us.”

“The HYSOPARC project reflects Touraine Vallée de l’Indre’s desire to play an active role in the hydrogen industry.”

Alain Esnault, President of the Communauté de Communes Touraine Vallée de l’Indre, states: “We welcome the implementation of the HYSOPARC project, which reflects Touraine Vallée de l’Indre’s desire to play an active role in the hydrogen industry. Our project supports regional innovation and clean mobility, in connection with the French policy supporting regional initiatives.
The involvement of the Communauté de Communes and its municipal authorities coupled with McPhy’s recognised expertise represents a key factor for success for the rollout of zero-emission mobility in urban fringes.”

The opening of the station constitutes a first step for the Communauté des Communes, which has demonstrated its desire to develop a hydrogen production platform. To be developed in the near future using electricity coming from renewable sources, the platform will be attached to a multiservice transport centre. Coupled with the hydrogen station, this electrolyzer will be able to produce, on-site and on-demand, clean hydrogen for charging vehicles, and achieving a truly zero-emission mobility chain.

McFilling 20-350 technology selected for the innovative HYSOPARC project

Transportation infrastructures are at the heart of the development and economic and social attractiveness of regional areas: movement of people or goods, private, business or local authority use, by road, rail or air etc. The rollout of hydrogen as a clean alternative fuel allows for a long-term vision of regional development. Zero emission mobility helps to make regions more attractive by reconciling ease of use, improved air quality and public health, and encouraging the large-scale rollout of clean energy in the energy mix and creating decentralised value.

McFilling 20-350 technology has been selected by the Communauté de Communes Touraine Vallée de l’Indre for its innovative HYSOPARC project. Intended to fuel the equivalent of a dozen utility vehicles per day, the hydrogen station will be opened in the first quarter of 2019. With capacity of 20kg of hydrogen per day – equivalent to 12 utility vehicles – the McFilling station, the 15th for McPhy, fits in with the first steps of France’s strategy of priming the market by simultaneously rolling out captive fleets and stations to fuel them.

However, it should be noted that beyond this inception phase, the market is already set for a change of scale. For example, McPhy is present in the very high capacity (several hundred kilos of hydrogen per day) stations market for fueling large fleets of vehicles, buses and even hydrogen-propelled trains, with the first contract for a hydrogen bus station signed in May in the Hauts de France region.

McFilling 20-350 hydrogen station key figures

• 20kg per day at 350 bar, equivalent to 12 utility vehicles
• System for interoperability with “EAS-HyMob” hydrogen stations (1)
• Zero-emission mobility; no particles, no CO2, no noise

NB: Go further: Are you a local authority and want to roll out hydrogen mobility in your area? Find out more using the practical guide published by FNCCR, AFHYPAC and Mobilité Hydrogène France: “Roll out hydrogen stations in your area”. [FR]

http://www.fnccr.asso.fr/article/stations-de-recharge-a-hydrogene/

(1) EAS-HyMob is a 15-station project in Normandy. These interconnected stations all work using a 100% digital and computerised payment solution (smartphone). In order to facilitate the user experience/make life easier for users, the Sorigny station is interoperable with the EAS-MyHob network

Next communication:

2018 revenue – Tuesday 22 January 2019 after market close.

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

Media relations CC Touraine Vallée de l’Indre

Valérie Delaunay – Communications Director
T. +33 (0)2 47 34 29 00
valerie.delaunay@tourainevalleedelindre.fr

Aurélie Michel – Project Manager
T. 33 (0)2 47 34 29 00
aurelie.michel@tourainevalleedelindre.fr

 

Connect with us!

Keep up with our news by following us on

LinkedIn    and    Twitter

Expected reduction in McPhy’s 2018 revenue and update on and its Commercial Development

• Expected reduction in 2018 revenue of around 20% due to delays in realization of several orders
• Continued commercial growth

La Motte-Fanjas, October 24, 2018 – 8:45am – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329), a specialist in hydrogen production, storage and distribution equipment, today provides an update on its 2018 revenue prospects and on its commercial development at the end of September 2018.

McPhy expects that its revenue for the full year 2018 should be reduced by around 20% compared to 2017, which should also affect its whole 2018 operating results.

This reduction in revenue is mainly related to the delays of the realization of several orders and to the extension of the duration of existing projects of McPhy’s clients. These orders should materialize and positively impact McPhy’s revenue on the mid-term.

Despite the delay of these realizations, McPhy maintains a sustained commercial dynamic and benefits from an increase in its qualified commercial pipe (1).

McPhy will communicate on its full year 2018 revenue on Tuesday, January 22 after market close.

(1) Projects on which McPhy rates its chances of success and a go ahead at over 50%

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

McPhy’s first contract for a 700 bar hydrogen station in Germany

• H2 Mobility Deutschland, a major hydrogen mobility player, chooses McPhy’s 700 bar station
• McPhy now offers a full range of hydrogen stations: 350 bar, 700 bar and “dual pressure” (350 and 700 bar)
• This 14th McFilling station increases the daily potential of McPhy’s stations to 50,500 km of zero emission mobility
• The roll-out of hydrogen mobility is gaining pace

La Motte-Fanjas, September 25, 2018 – 5:45 p.m. – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329), a specialist in hydrogen production, storage and distribution equipment, today announces its first contract for a 700 bar hydrogen station with H2 Mobility Deutschland, which is due to enter service in Berlin during the last quarter of 2019.

Nikolas Iwan, Managing Director H2 Mobility Deutschland GmbH & Co.KG: “We have seen great progress in McPhy’s hydrogen station design in the last two years and are now looking forward to seeing them in operation.”

This first contract is very encouraging, demonstrating the potential of our technological and industrial advances. McPhy now offers a full range of hydrogen stations that cover all types of vehicle and all applications

Pascal Mauberger, Chairman and Chief Executive Officer of McPhy, commented: “At McPhy, we are leading the way forward with our hydrogen technologies for the energy transition and have put clean mobility at the forefront of our efforts over the past few years. We are delighted and proud to have received this order from H2 Mobility Deutschland.

Together with the launch of our very high-capacity stations, this first contract bodes very well for the future and demonstrates the potential of our technological and industrial advances. McPhy now offers a full range of hydrogen stations that covers all types of vehicle and all applications.

With this first 200 kg per day 700 bar station, cooled to -40°C and compliant with the SAE-J standard, we have demonstrated our successful shift to industrial scale, as well as the appeal of our cost-effective technical solutions and our status as a leading player in the market. Users will be able to fill up their passenger vehicle in less than 5 minutes, in the same way as for combustion engine vehicles, and their clean vehicles will have a range of several hundred kilometers without emitting any particles causing pollution or making any noise, thereby helping to address the environmental and climate-related challenges we face.”

McFilling 200-700 technology selected by a major hydrogen mobility player

H2 Mobility Deutschland, a consortium of six leading industry players (Air Liquide, Daimler, Linde, OMV, Shell and Total), is a major project aiming to establish a dense network of hydrogen filling stations.

The consortium chose McFilling technology after conducting a rigorous selection process. McPhy will install a station delivering 200 kg in hydrogen per day at a 700 bar pressure (McFilling 200-700), cooled to -40°C and compliant with the SAE-J standard.

This station, which is designed to refuel 40 or so vehicles every day, is due to enter service in Berlin in the final quarter of 2019.

This new addition, McPhy’s very first in the 700 bar station segment, will increase the number of McPhy stations to 14 and the daily potential of its stations to 50,500 km of zero emission mobility .

Key figures for the McFilling 200-700 hydrogen station

• 200 kg per day at a 700 bar pressure
• Cooled to -40°C
• Compliant with the SAE-J2601-1 2016 standard
• Hydrogen refueling completed in a few minutes
• Supply capacity: 40 hydrogen vehicles with a range of 500 km to 800 km
• Zero emissions: no particles, CO2 or noise

Commercial outlook: roll-out of hydrogen mobility gains pace

Hydrogen as an alternative clean fuel clearly represents a key success factor for the energy transition and the move to a lower-carbon society. Against this backdrop, mobility was identified as a key market in the Hydrogen Council report , which estimates there is a need for between 5,000 and 15,000 refilling stations by 2030.

The French government has also committed to supporting the nationwide development of carbon-free hydrogen. To this end, the French government plans to invest €100 million in 2019 to support the roll-out of hydrogen and make France the world leader in the field. The priorities under the plan include the development of zero emission solutions for road, rail, and river transport, with the prospect by 2023 of around 5,000 light commercial vehicles, 200 heavy vehicles (buses, trucks, regional express trains, boats) and 100 stations supplied with locally produced clean hydrogen.

By extending its range of hydrogen stations with 700 bar and dual pressure (350 and 700 bar) models, McPhy is establishing itself to cover all clean mobility needs.

Next financial press release

2018 revenues – Tuesday, January 22, 2019 after market close.

Calendar

Come and visit us on 26 and 27 September at the Cité des Congrès Pierre Baudis of Toulouse
for the “Journées Hydrogène dans les Territoires”

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

New milestones reached in McPhy’s development

• Pursuit of McPhy’s innovation drive with the launch of a new range of electrolyzers developed in a breakthrough with De Nora
• Industrial and commercial partnership signed with EDF
• Balance sheet strengthened with €18.6 million in cash thanks, notably, to a capital increase reserved for EDF
• €3.5 million in revenue
• Confirmation of further growth in activity

La Motte-Fanjas, July 26, 2018 at 5:45pm – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329), a specialist in hydrogen production, storage and distribution equipment, is today announcing its interim 2018 results.

We are reiterating our confidence in McPhy’s growth prospects on the strength of our position as a leader, our robust balance sheet and the tremendous prospects for the hydrogen market.”

Pascal Mauberger, Chairman and Chief Executive Officer of McPhy, commented: “Our performance during the first six months of 2018 showed that McPhy is powering ahead. We demonstrated this by reaching several key milestones in our development, despite a delay to competitive tenders temporarily affecting our revenue growth and our operating income.

Our technological advances and our cutting-edge industrial infrastructures have established our leadership credentials with major industry players and enabled us to forge key partnerships.

We launched in April a whole new generation of electrolyzers under our technology partnership with De Nora. They represent a genuine technological breakthrough that substantially strengthens our competitive advantage.

We have also strengthened our offering in clean mobility with a range of dedicated refueling stations for 700-bar vehicles. Positive tests were conducted alongsideToyota, the leader in carbon-free mobility, and will enable us to finalize the architecture for the first of the series in October this year.
By the way, we signed in June an industrial and commercial partnership with EDF, a world leader in low-carbon energies to develop carbon-free hydrogen in France and around the world. With the additional financial resources and backing of the EDF group, we will speed up the pace of our growth, energize our business development, and conquer new markets.

On the sales front, we logged an order from CNR and ENGIE for a second refueling station in Lyon. We also recorded an order for a 200 kg per day capacity bus recharging station with an electrolyzer for the Lens-Béthune urban area.

We are reiterating our confidence in McPhy’s medium-term growth prospects on the strength of our positioning, our robust balance sheet and the tremendous prospects for the carbon-free hydrogen market, including the French deployment plan announced by the French minister Nicolas Hulot on June 1st, 2018 .”

Condensed income statement

The audited accounts have been approved by the Board of Directors on July, 25th 2018

McPhy continues to power ahead

McPhy’s revenue totaled €3.5 million, compared with €5.5 million in the first six months of 2017. The figure for the first half of 2017 included €2.8 million in revenue under the HEBEI contract.

Despite delays to competitive tenders temporarily affecting revenue growth and operating income, the Group maintains its business momentum, especially in very large-scale electrolysis platform projects (from 10 to 100 MW) for industry, which the impact should be substantial on revenue.

During the first half, McPhy logged an order in the clean mobility market for a second hydrogen station with an electrolyzer from CNR and ENGIE GNVERT in Lyon. It also inked a deal for its first hydrogen station for buses in the Hauts de France region, lifting to 11 the number of McPhy hydrogen stations in France, and to 30,500 km in clean mobility the daily potential of of all its stations.

As a result of revenue trends in the first half of 2018, combined with a significant R&D effort, McPhy’s operating performance fell back 34% compared with the first six months of 2017.

McPhy held €18.6 million in cash at June 30, 2018 following the capital transactions completed in the first half of the year. Its stronger balance sheet will provide a springboard for it to speed up the pace of its growth, energize its business development and conquer new markets.

Further business expansion amid upbeat market conditions

During the first half of 2018, the expected ramp-up in the hydrogen market predicted in the Hydrogen Council’s “Scaling Up” report clearly materialized. The French government also undertook to support the development of a carbon-free hydrogen sector as part of the energy transition. In 2019, a budget of €100 million will be devoted to rolling out carbon-free hydrogen in the industry, mobility and energy sectors across France.

The large-scale deployment of these new clean hydrogen applications and technologies will be made possible largely through water electrolysis. With its industry-leading Augmented McLyzer technology, McPhy has established an undeniable lead in the sector, and its product range is getting more efficient and competitive all the time.

Its “qualified commercial pipeline” currently stands at €80 million. This business indicator does not include very large-scale electrolysis platform projects (from 10 to 100 MW).

McPhy is reiterating its forecast of business growth on the basis of the current highly supportive market conditions and its robust balance sheet.

Find out more about all the highlights of the first half of 2018 in the PDF below

Balance sheet highlights

Next release
Results for 2018 – Tuesday January 22, 2018, after closing of stock exchange.

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

McPhy passes a new milestone in the development of its offering, working with Toyota to complete tests on its 700 bar prototyping and testing platform

• Positive tests conducted alongside Toyota on a 700 bar testing platform
• Support from Toyota in the finalization development phase for this new McPhy product
• Leading towards an expansion of the McPhy refueling station range: 350 bar and 700 bar
• First deliveries of the McFilling 200-700 solution: 2019

La Motte Fanjas, 3 July 2018 8:45am – McPhy (Euronext Paris Compartiment C: MCPHY, FR0011742329), a specialist in equipment for the production, storage and distribution of hydrogen, has announced a new milestone in the development of its offering, working with Toyota to complete tests on its 700 bar prototyping and testing platform.

We are delighted to have been cooperating with teams from Toyota, the leader in zero-carbon mobility, to accelerate the completion of the development of our McFilling 700 solution to meet growing demand in France and internationally.

Pascal Mauberger, Chairman and Chief Executive Officer of McPhy, commented: “Operating on the hydrogen mobility market since 2015, with products positioned to boost the uptake of hydrogen-powered vehicles, McPhy has strengthened its offering with a range of dedicated refueling stations for 700 bar vehicles. Thanks to our testing platform, and the trials conducted together with Toyota, we are finalizing the design of the first of the series, which will be unveiled in October. We are delighted to have been cooperating with teams from Toyota, the leader in zero-carbon mobility, to accelerate the completion of the development of our McFilling 200-700 solution, of which the first deliveries could begin in 2019.

McPhy is positioning itself in the buoyant market for 700 bar stations, with the McFilling 200-700

The Group has worked with Toyota to complete successfully a testing cycle on its prototyping and testing platform at its Motte Fanjas site, the group’s historical base. There, teams from McPhy have worked to design and develop a 700 bar platform. Refueling tests were carried out on two vehicles, to test, under real-life conditions, the design concept, the components and the processes for a 700 bar refueling station, and optimize user experience prior to market launch. These tests produced positive results and in particular helped identify areas for future optimisation.

Toyota, with its expertise in 700 bar vehicles, will support McPhy in the process of finalizing the development of McFilling 200-700. This will give McPhy a full range of refueling stations, from 350 bar to 700 bar, and a strong position to meet growing demand in France and abroad and to support its clients in deploying clean mobility solutions on a large scale.

The two Mirai vehicles (Toyota and McPhy) used in the 700 bar refueling tests

Mobility: a key market in allowing clean hydrogen to reach its full potential

Hydrogen makes a valuable contribution to improving urban air quality. As a clean alternative fuel, hydrogen definitely has a key role to play in successful energy transition and the emergence of a lower-carbon society. Mobility was identified as a key market in the study from the Hydrogen Council (1) , which estimated that the requirement for fueling stations could be between 5,000 and 15,000 by 2030, and in the strategic plan announced by Nicolas Hulot, Minister of State and Minister for Ecological and Inclusive Transition. This devoted €100 million in 2019 to supporting the deployment of hydrogen and making France a world leader in the field: development of zero-emission solutions for road, rail and water transport, etc., with deployment by 2023 of 5,000 light vans, 200 heavy vehicles (buses, trucks, regional trains, boats) and 100 fueling stations providing locally produced hydrogen.

 

(1) http://hydrogencouncil.com/hydrogen-scaling-up/

Next financial communication
2018 first half results, 26 July 2018

About Mirai cars

Mirai, which means “Future” in Japanese, is the concrete result of more than 20 years’ research by teams within the Toyota group. Over a long period, Toyota has multiplied its approaches to the issue of mobility, in order to develop more environmentally friendly vehicles: hybrid vehicles, plug-in hybrids, hydrogen fuel cell vehicles, and battery-powered electric vehicles. The Mirai has no tailpipe emissions of CO2 or other pollutants; the only emission is water vapour. Thus it feeds into Toyota’s ambition to move towards zero-emission mobility, and to reduce CO2 emissions from its new vehicles by 90% of 2010 levels by 2050.

Launched officially in Japan in December 2014 and then in California in the autumn of 2015, the Mirai has been available in small batches in Europe since the end of 2015.

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