decarbonfuse Icons/logo

Press Release

McPhy Energy: Hytlantic and McPhy Agree to Terminate Cooperation Agreement

Published by Todd Bush on May 27, 2024

Grenoble, May 27, 2024 – 7:30 am CEST – McPhy Energy, specialized in low-carbon hydrogen production and distribution equipment (electrolyzers and refueling stations), today announces that Hytlantic and McPhy agreed to terminate their cooperation in the frame of the GreenH2Atlantic project.

>> In Other News: Setting New Standards: Equatic's ISO 14064-2:2019 Methodology for Carbon Removal Verification

The decision follows an in-depth assessment of the activities performed and outcomes of the partnership between Hytlantic and McPhy over the past few years during project development, and the outlook for the progress of those activities and results going forward.

Hytlantic remains committed to the development and success of the project.

McPhy Group will continue to focus on implementing its strategy, aiming to become one of the leading electrolyzer companies in Europe, contributing to the ramp-up and development of low-carbon hydrogen.

ABOUT MCPHY

Specialized in hydrogen production and distribution equipment, McPhy is contributing to the global deployment of low-carbon hydrogen as a solution for energy transition. With its complete range of products dedicated to the industrial, mobility, and energy sectors, McPhy offers its customers turnkey solutions adapted to their applications in industrial raw material supply, recharging of fuel cell electric vehicles, or storage and recovery of electricity surplus based on renewable sources. As 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 C, ISIN code: FR0011742329, MCPHY).

ABOUT HYTLANTIC

HYTLANTIC is the promoter of the GreenH2Atlantic project which has the aim to develop 100MW of green hydrogen in Sines, Portugal to supply the local refinery and blend in the natural gas grid.

Icons/external Source

Add Comments

Subscribe to the newsletter

Icons/inbox check

Daily decarbonization data and news delivered to your inbox

Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.


Latest issues

  • Why Airlines Might Spark a $100B Market

    Inside this Issue ✈️ CORSIA Transforms Aviation Compliance Into Market Gold Rush 📉 IEA Cuts 2030 Low-emissions Hydrogen Production Outlook by Nearly a Quarter 🎤 GenH2 Executive Chairman Josh McMor...

  • Who’s Driving $110B Into Hydrogen Now?

    Inside This Issue 🌍 Global Hydrogen Industry Surpasses USD 110 Billion In Committed Investment As 500+ Projects Worldwide Reach Maturity ♻️ Cielo Advances Waste-to-Fuel Innovation with Project Nex...

  • ExxonMobil + CF Capture 2M Tons in America’s Largest CCS Launch

    Inside This Issue 🏭 CF Industries Flips Switch on Massive CCS Hub That Changes Everything 🧴 Scientists Transform Plastic Waste Into Efficient CO2 Capture Materials ⚡ SHS Group and Verso Energy Sig...

View all issues

Company Announcements

Daily decarbonization data and news delivered to your inbox

Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.

Subscribe illustration