McPhy's 2020 revenue increased by 20% and firm orders by 75 %

a very good business trend highlighted by emblematic projects - Seite 2

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 hydrogen³.

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 €13.7 million representing an increase of +20%, and firm orders of €23.0 million for 2020, representing an increase of +75% compared with 2019

McPhy's 2020 sales increased by 20% to €13.7 million, compared with €11.4 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 Europe⁴
• 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 Valley⁵
• McPhy has secured firm orders:

• to equip the "mobility" part of a zero-emission hydrogen ecosystem in the Centre-Val de Loire region in France⁶;
• with the German engineering and cleantech company Apex Energy for a 2 MW electrolysis platform⁷;
• with Total to deploy a hydrogen station in Le Mans⁸;
• with Hynamics to provide a complete zero-carbon hydrogen chain in Auxerre⁹;
• with Rougeot Energie to design, build and integrate two hydrogen stations connected to a high-power electrolyzer in Dijon¹⁰ ;
• to equip two hydrogen refueling stations and 1 MW of electrolysis¹¹.

The increase in the number of projects and the change in scale of the implemented technologies are contributing to the industrialization of the sector, reducing the associated costs and encouraging the development of competitive solutions with the highest standards of performance, quality and safety.