McPhy Energy : Positive start to the year for McPhy, with over €5 million in orders received
March 05 2019 - 11:45AM
Press release
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 electrolyzer1
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)
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).
|
Media relations
NewCap
Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.eu
Investors Relations
NewCap
Julie Coulot | Emmanuel Huynh
T. +33 (0)1 44 71 20 40
mcphy@newcap.eu |
Follow us on
@McPhyEnergy
|
[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
PDF version
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: McPhy Energy via Globenewswire
Mcphy Energy (EU:MCPHY)
Historical Stock Chart
From Sep 2024 to Oct 2024
Mcphy Energy (EU:MCPHY)
Historical Stock Chart
From Oct 2023 to Oct 2024