Brief: McPhy Signs Partnership With Hype To Structure Hydrogen Mobility Sector

Mcphy Energy SA

14/12/2021 17:09

Dec 14 (Reuters) - MCPHY ENERGY SA  MCPHY.PA :
    * REG-MCPHY SIGNS A STRATEGIC PARTNERSHIP WITH HYPE TO
STRUCTURE
THE HYDROGEN MOBILITY SECTOR
    * FINANCIAL DIMENSION OF PARTNERSHIP WILL MATERIALIZE BY AN
INVESTMENT OF 12 MILLION EUROS BY MCPHY IN FORM OF CONVERTIBLE
BONDS TO BE ISSUED BY HYPE
    * COMMERCIAL PART CONSISTS IN SECURING OF FIRM SHORT-TERM
ORDERS
IN 2022 AND IN A PRIVILEGED ACCESS TO A POTENTIAL MARKET OF
ABOUT 50 HIGH-CAPACITY HYDROGEN STATIONS AND 15 TO 25 MEGAWATTS
OF ELECTROLYSIS BY 2025
    * COOPERATION BETWEEN TWO GROUPS WILL MATERIALIZE IN 2022
WITH
FIRM ORDERS FOR SUPPLY TO HYPE OF A 2 TO 4 MW ALKALINE
ELECTROLYZER AND A 800 KG / DAY HYDROGEN STATION
    * THESE FIRST ORDERS COULD BE FOLLOWED, SUBJECT TO
CONFIRMATION OF
SPECIFIC SUBSIDIES REQUESTED BY HYPE IN 2021, BY ADDITIONAL
ORDERS IN 2023, FOR A NEW MULTI-MEGAWATT ELECTROLYZER AND 5
ADDITIONAL HIGH-CAPACITY HYDROGEN STATIONS
    * WITH A POTENTIAL OF ORDERS OF 50 STATIONS AND 15 TO 25
MEGAWATTS
BY END OF 2025, THIS COOPERATION OPENS MANY OPPORTUNITIES IN
MEDIUM TERM
    * STATIONS PLANNED UNDER THIS PARTNERSHIP WILL BE PRODUCED
IN
MCPHY'S NEW HYDROGEN STATION PRODUCTION FACILITY, WHICH WILL BE
OPERATIONAL IN GRENOBLE IN 2022

Source text for Eikon:  ID:nGNEbG3fD8 
Further company coverage:  MCPHY.PA 

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