Preparing for the acceleration of its development strategy, McPhy Energy recorded impressively strong growth in its first quarter 2014 sales of €774,000, up 50% year-on-year.
Specialised in hydrogen production and storage equipment for industry and the energy markets, McPhy Energy attributes this performance to strong growth in the industry driven by new commercial momentum and an expanded offering.
Sales of small and medium hydrogen production units and associated services, as in 2013, accounted for the major share of consolidated revenue.
The energy segment focused on renewable energies storage and carbon-free mobility will not contribute significantly to consolidated revenue in the short-term. Today, this latter activity is largely focused on subsidised demonstration projects, to which McPhy Energy contributes through its hydrogen production and storage equipment.
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