McPhy Energy

McPhy and the VALOREM Group sign a contract to supply equipment as part of the "Rouen Vallée Hydrogène" project to support energy transition in Normandy - Seite 2

With the creation of this ecosystem, RVH₂ is the 5^th "Hydrogen Hub" initiative for which McPhy gets involved, following HyPORT (Toulouse), ZEV (Clermont-Ferrand), R-HYNOCA (Strasbourg) and H₂NFC (Belfort).

In the framework of this project, a second contract for maintenance and technical support has been signed for an 8-year term. The service, provided entirely by McPhy, will be executed in collaboration with TSG Group, McPhy's preferred partner for the maintenance of its equipment.

Furthermore, the supply and maintenance of the 350 bar station will be subcontracted to Atawey, as part of McPhy’s proposed sale of its stations business.

Philippe Etur, Deputy Managing Director of VALOREM Group, stated: "We are delighted with this collaboration with McPhy. This is a significant step in the development of the renewable hydrogen ecosystem, in which the VALOREM Group has control over the entire value chain, including building the infrastructure carried out by our construction subsidiary VALREA. By scaling its projects in line with the territories' objectives, VALOREM is promoting joint development with local authorities and industrial firms in order to support ecological transition locally.

Jean-Baptiste Lucas, Chief Executive Officer of McPhy, states: “We are proud that Groupe VALOREM has selected us to execute the RVH₂ project. We are convinced that hydrogen is key to the energy transition in urban areas. RVH₂ is the 5^th “hub” for which McPhy is bringing its know-how.”

Next Financial events:

• Combined General Meeting on May 30, 2024
• Publication of 2024 half-year revenue on July 30, 2024, after market close
• Publication of 2024 half-year results on September 30, 2024, after market close

ABOUT VALOREM

As a French independent operator in green energy, the VALOREM Group manages the entire process of renewable energy valorization, from development to operation-maintenance, including project management assistance, construction, or auditing services. A pioneer in wind energy in France with over 500 employees, VALOREM is also active in Finland, Greece, Poland and Sweden. Since its inception, the group has financed over 837 MW and has a portfolio of 5.7 GW of projects in development. In 2022, its assets produced 1.1 TWh of green power.