McPhy Energy, a leading developer of hydrogen-based solutions for industry and energy markets, continued to develop its disruptive technologies and recorded a first major commercial success in the first half confirming the relevance of its strategy.
By achieving these successes, the company has laid foundations for accelerating its expansion in an increasingly favourable market environment for new hydrogen applications.
First major contract in China
Within the framework of a long-term partnership with state-owned Hebei Construction and Investment Group Co., Ltd, McPhy Energy signed the first contract for €6.4m to supply a “Wind to Hydrogen” (“Power to Gas”) system for the monetisation of surplus energy generated by a 200mW wind farm site currently under construction in the Hebei province of China. This contract which will enter into force as soon as administrative authorizations have been received, provides for delivery in July 2016 with the equipment to be commissioned in January 2017.
A strategic commercial alliance
By becoming the exclusive supplier of ThyssenKrupp Uhde Chlorine Engineers, a world leader in chlor-alkali and hydrochloric acid electrolysis plants, for its high-pressure water electrolysis-based hydrogen generation equipment, McPhy Energy has opened up new prospects in the market for renewable energy storage for power-to-gas and carbon-free mobility applications.
... to continue reading you must be subscribed
