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

a very good business trend highlighted by emblematic projects - Seite 3

To date, the total number of contracts for which McPhy has been selected brings to 44 MW¹² and 35 stations¹³ its total number of references.

Strategic partnerships with leading industrial groups

In a particularly favorable context for zero-carbon hydrogen, McPhy has strengthened its position as a major player in this industry by signing strategic partnerships with Chart Industries and Technip Energies, two leading industrial groups in their respective sectors:

• Chart Industries: world leader in equipment for liquefaction (LNG and liquid hydrogen) and cryogenics,
• Technip Energies: international engineering, procurement, construction and installation (“EPC”) group for the energy market, world leader in the installation of hydrogen production systems (SMR).

In addition to their participation in the capital increase initiated on October 13, 2020, these two strategic players bring in-depth expertise that complements McPhy’s technologies. Combined with EDF's long-standing support, a genuine ecosystem of complementary know-how and geographies has thus been formed to enable the Company to respond to very large-scale projects in the fields of industry, mobility and energy, all over the world. 

Cash position of €198 million at 31 December 2020, thanks to the €180 million capital increase in October 2020 for the industrialization of production methods and international ramp-up development

Following the success of the capital increase through a private placement last October, the Company has increased its shareholder’s equity capital and has a cash position of €198 million at 31 December 2020. As mentioned in the amendment to the 2019 universal registration document¹⁴, approved by the Autorité des Marchés Financiers on October 14, 2020, the net proceeds of this capital increase will be used primarily to accelerate the deployment of the Group's strategy and to finance:

• Acceleration of the change of scale of McPhy manufacturing capacity;
• Support for investment in research and innovation, with a focus on the development of very large-capacity electrolyzers to target large-scale projects (>100MW) and very large-capacity hydrogen refueling stations (>2 tons per day);
• Sales and marketing expenses, to accelerate the international commercial ramp-up;
• Acceleration of the recruitment policy.

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