France - McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329), a specialist in zero-carbon hydrogen production and distribution equipment, today announces its annual revenue for the year to December 31, 2020.
Laurent Carme, Chief Executive Officer of McPhy, states: '2020 was marked by the signing of several contracts reflecting the transition to industrial scale of McPhy, as well as of the entire zero-carbon hydrogen industry. McPhy has demonstrated the strong attractiveness and relevance of its offer and technology to serve emblematics large-scale projects at the heart of this hydrogen revolution.
The EUR180 million capital increase carried out in October 2020 gives us the means to achieve our ambitions to accelerate the development of our industrial capacities and the new generations of electrolyzers and hydrogen stations that meet the size, competitiveness and safety challenges demanded by the market. It also marks the strengthening of our partnership with our historical strategic shareholders, EDF Pulse Croissance Holding and the Ecotechnologies Fund represented by Bpifrance Investissement as part of the 'Programme d'Investissements d'Avenir' (set up by the French State to finance innovative and promising investments on the territory), and new strategic investors such as Chart Industries and Technip Energies.
As a major technological and industrial partner in the hydrogen industry, McPhy is well positioned to take advantage of a very favorable business trend which should continue and expand in 2021. The strategic plan for hydrogen, presented by the European Commission on July 8, 2020 which aims to develop the demand and production capacities of green hydrogen in Europe with a target of 6 gigawatts (GW) in 2024, and 40 GW in 2030, specifically supports companies of the future like McPhy. France is also committed to this voluntarist policy, with the creation in January 2021 of the National Hydrogen Council. This institution, of which McPhy is a member, has the mission to ensure the deployment of the National Strategy for the development of decarbonated hydrogen (3).
Hydrogen gains momentum and I would like to thank the McPhy teams, as well as all our partners, for their confidence and support in the Company's growth.'
Signature of major commercial contracts in France and Europe, with revenue of EUR13.7 million representing an increase of +20%, and firm orders of EUR23.0 million for 2020, representing an increase of +75% compared with 2019
McPhy's 2020 sales increased by 20% to EUR13.7 million, compared with EUR11.4 million in 2019. It is made up of 60% by the supply of electrolyzers (of which 49% are large-capacity electrolyzers) and 40% by hydrogen stations.
Among the outstanding events of the year
McPhy was selected by Nouryon and Gasunie, two leading industrial groups, to equip 'Djewels' project in the north of the Netherlands, one of the largest zero-carbon hydrogen production platform (20 MW) in Europe (4)
McPhy, alongside with Atawey and TSM-HRS, has been selected by the project company Hympulsion to equip the largest zero-emission hydrogen mobility deployment project in France and one of the most ambitious in Europe: Zero Emission Valley (5)
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.
Contact:
Nicolas Merigeau
Tel: +33 (0)1 44 71 94 98
Email: mcphy@newcap.eu
MCPHY ENERGY 
