McPhy Energy : announces 2021 full-year revenue

In 2021, McPhy has also reached several milestones in the structuring of its industrial tool. In the hydrogen stations segment, McPhy will consolidate its R&D, engineering and production activities on a new site located in the heart of the Grenoble area. This site will be operational in spring 2022. The Group has also shortlisted Belfort as the location for its electrolyzer Gigafactory, whose construction remains conditional on obtaining financing under the IPCEI. Initially planned for the end of 2021, the final investment decision should be taken by the end of the first half of 2022.

The Group is committed to strengthening its offer through the deployment of its partnership strategy. McPhy has signed several agreements with major players in the hydrogen ecosystem, such as those with TSG (11), Plastic Omnium(12) or Hype (13). This strategy aims both to build a 360-degree decarbonized hydrogen offer by relying on a network of leading partners, and to develop an industrialized and standardized approach in order to increase the competitiveness of hydrogen, both in terms of mobility and industrial uses.

In 2021, McPhy has carried out an intensive recruitment campaign and strengthened its teams, a strategic pillar for the success of its scaling up. In line with the objective set, 44 employees, including 75% of direct functions (engineers, technicians, operators, etc.), joined the Company in highly technical positions. With a recruitment plan for 60 additional employees over the current financial year, the Group aims to double its workforce between 2020 and 2022, in positions designed to support the Company's transition to industrial scale.