Validation of the McPhy electrolyzer Gigafactory project.
McPhy (Euronext Paris Compartment B: MCPHY, FR0011742329), a specialist in zero-carbon hydrogen production and distribution equipment (electrolysers and charging stations), announces that its Gigafactory electrolyser project has been approved by the European Commission, among the applications submitted by the France as part of the IPCEI Hydrogen(1).
https://ec.europa.eu/commission/presscorner/detail/en/ip_22_4544
Gigafactory McPhy’s project aims to develop next-generation electrolysers and industrially deploy their mass production.
The Belfort site was pre-selected by McPhy for the implementation of this Gigafactory.
With this project, McPhy pursues 3 objectives:
- Innovation, through the development of next-generation alkaline electrolysers, both in size, components and integration within platforms;
- Industrialization of large-scale production in order to meet the needs of the European market in particular, to contribute to the decarbonization of industry, mobility and energy;
- Collaboration with many partners of the Hydrogen ecosystem in Europe and dissemination of knowledge with academic, industrial and research stakeholders.
The final investment decision will be taken by McPhy shortly after final confirmation by the French authorities of the amount of the public aid and the contractualization of the terms of the provision of this aid with Bpifrance.
(1) IPIEC (“Important Project of Common European Interest”) or IPCEI (“Important Project of Common European Interest”) is a funding system that supports projects deemed essential for Europe’s competitiveness, allowing Member States to finance initiatives beyond the limits usually set by European regulations. A PIIEC or IPCEI Hydrogen was launched on December 17, 2020.
About McPhy
As a specialist in hydrogen production and distribution equipment, McPhy contributes to the global deployment of zero-carbon hydrogen as a solution for the energy transition.
With its complete range dedicated to the industrial, mobility and energy sectors, McPhy offers its customers turnkey solutions adapted to their applications in the supply of industrial raw materials, the charging of fuel cell electric vehicles or the storage and recovery of surplus electricity from renewable sources.
Designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production centers in Europe (France, Italy, Germany). Its international subsidiaries provide broad commercial coverage for its innovative hydrogen solutions.
McPhy is listed on Euronext Paris (compartment B, ISIN code: FR0011742329, mnemonic code: MCPHY).
READ the latest news shaping the hydrogen market at Hydrogen Central
Validation du projet de Gigafactory d’électrolyseurs McPhy, Grenoble, July 18, 2022
