- Catalogs
- McPhy Energy Deutschland GmbH
- McPhy_Investor_Presentation_Results_2021
McPhy_Investor_Presentation_Results_2021
McPhy_Investor_Presentation_Results_2021
McPhy reported a revenue of 13.1 million euros in 2021, with an order intake of 19.3 million euros and a backlog of 20.2 million euros, marking a 32% increase from 2020. The company faced a net loss of 23.6 million euros due to strategic investments in R&D, industrialization, and workforce expansion. The cash balance at the end of 2021 was 177.2 million euros.
Despite a decrease in order intake compared to 2020, McPhy strengthened its backlog. Significant investments were made in R&D and industrialization, with 5 million euros allocated to R&D and 3 million euros to sales reinforcement and IT deployment. The workforce grew by 44 internal and approximately 40 external hires, totaling 154 employees by the end of 2021.
McPhy achieved significant commercial acceleration, with 191 MW and 95 stations in reference by the end of 2021. Key projects include the GreenH2Atlantic in Portugal and the CEOG in Guyana, with operations expected in 2025 and 2024, respectively. The company also secured a strategic partnership with Hype for high-capacity stations and electrolyzers.
McPhy aims to strengthen its position as an industrial leader in green hydrogen solutions, focusing on technology investment, building strong references, improving competitiveness, and investing in people. The company plans to recruit 60 more employees in 2022 and continue industrial investments.
McPhy focuses on pressurized alkaline electrolysis, offering modular designs and high-current density electrodes. The technology is suited for large projects and integration with renewables, aiming to meet the broad-scale needs of decarbonization.
McPhy has established strategic partnerships with major industry players like EDF and TechnipFMC, enhancing its market position and technological capabilities. The company is involved in several pan-European hydrogen projects, contributing to the development of a competitive green hydrogen market.
McPhy plans to increase its manufacturing capacities significantly, with a new hydrogen stations production site in Grenoble and a Gigafactory in Belfort. The company aims to achieve a production capacity of 1 GW per year by 2024, supporting its ambition to deliver green hydrogen at competitive costs by 2025-2030.
McPhy is focused on advancing clean hydrogen technology with a robust structure to meet customer expectations and project delivery. The company emphasizes a diverse and experienced workforce, with significant growth in personnel and a commitment to investing in its team.
- CEOG, Guyana: A 16 MW high current density alkaline electrolyzer project, producing 860 tons of green hydrogen annually, avoiding 39,000 tons of CO2 emissions. Commissioning is set for 2024.
- Djewels, The Netherlands: A 20 MW alkaline electrolysis platform producing 3,000 tons of zero-carbon hydrogen annually, avoiding 27,000 tons of CO2 emissions. This project aims to establish large-scale zero-carbon hydrogen competitiveness.
- AuxHYGen, France: A 1 MW alkaline electrolysis platform supporting a multimodal hydrogen ecosystem, inaugurated in 2021, avoiding 2,200 tons of CO2 emissions annually.
- R-Hynoca, France: Features a dual pressure high-capacity station producing carbon-neutral hydrogen from local biomass, commissioned by the end of 2022.
- Zero Emission Valley, France: A large-scale hydrogen mobility deployment project with 4 MW of electrolysis and 14 stations, running from 2020 to 2022.
- Hyport, France: The first hydrogen production and distribution system in an airport area, featuring a 1 MW alkaline electrolysis platform.
- Sinopec Hebei, China: A 4 MW alkaline electrolysis project producing zero-carbon hydrogen from a wind farm, commissioned in 2021.
- Jupiter 1000, France: The first MW-scale Power-to-Gas project in France, testing alkaline and PEM electrolysis technologies, commissioned in 2019.
- Hydeal Ambition: A collaborative effort to deliver green hydrogen across Europe at €1.5/kg by 2030, with a goal of achieving 95 GW of solar and 67 GW of electrolysis capacity.
- DNV’s Joint Industry Project: McPhy is part of a project to enhance standardization for hydrogen production systems using renewable energy, focusing on safety, performance, and regulation.
McPhy’s executive committee is composed of highly experienced international leaders, including CEO Jean-Baptiste Lucas and other key officers responsible for technology, customer service, manufacturing, finance, and more.
Catalog excerpts
McPhy® Confidential | Do not reproduce or share without permission Investor Presentation December 2019
Open the catalog to page 1
McPhy® Confidential | Do not reproduce or share without permission Jean-Baptiste LUCAS Chief Executive Officer Scale up strategy Emilie MASCHIO Chief Financial Officer
Open the catalog to page 2
McPhy® Confidential | Do not reproduce or share without permission
Open the catalog to page 3
McPhy® Confidential | Do not reproduce or share without permission order intake cash balance Large electrolyzers Small electrolyzers & Piel
Open the catalog to page 4
McPhy® Confidential | Do not reproduce or share without permission Sales revenue Current Operating Income (EBIT) Closing cash Change in cash incl. (11.3) operational cash flow, (5.1) Investments & (4) Loan reimbursement. Operating Cash flow Includes 5 m€ all expenses related to the potassium hydroxide leak incident. Operating Income Growth in purchases and external charges in proportion to the activity and in line with the strategy : • Continue to invest in R&D : 5m€ (2m€ P&L impact + 3m€ capitalized) • First steps of the industrialization plans : 3m€ sales reinforcement, IT deployment, structuring...
Open the catalog to page 5
McPhy® Confidential | Do not reproduce or share without permission McPhy significant commercial acceleration since 2020 ELECTROLYZERS (MW) 13 13 0 2019 Preferred partner Signed projects * 191 MW in reference as of Dec.31, 2021, among which: 36 are signed projects (orders with signed purchase orders) and 155 MW for which McPhy has been selected as preferred partner (preferred partner and subject to the project's success, considering that some of these projects should have an impact on the revenue as of 2023) * 95 stations in reference as of Dec.31, 2021, among which 36 are signed projects (orders...
Open the catalog to page 6
McPhy® Confidential | Do not reproduce or share without permission 2021: L and XL projects materializing growing market (selection of projects) World’s first multi-megawatt hydrogen power plant Connected to a solar farm in Guyana Allowing steady access to electricity for 10,000+ remote households Operations in 2024 Green H2 production facility, multipurpose, in Sines Hydrogen Valley, Portugal Hype High-capacity Stations and Electrolyzers Consortium of 13 companies McPhy is preferred partner for alkaline technology Short-term orders in 2022 Privileged access to a potential market of up to 50 high-capacity...
Open the catalog to page 7
McPhy® Confidential | Do not reproduce or share without permission McPhy at a Glance | Driving clean energy forward
Open the catalog to page 8
McPhy® Confidential | Do not reproduce or share without permission A leading company in zero-carbon H2 production & distribution equipment Electrolyzers • Modular design: 1MW / 4MW / 20MW / 100MW+ • Pressurized Alkaline electrolysis (30 bar) • High-current density electrodes • For Industry, Mobility and Energy markets • Supply & Service Stations • High delivery capacity: 200 / 400 / 800 / 2,000 kg/d • All dispensing pressures: 350 bar / 700 bar / Dual Pressure • Easy coupling with electrolyzers • Main focus on heavy mobility (buses, trucks, trains, etc.)
Open the catalog to page 9
McPhy® Confidential | Do not reproduce or share without permission A global presence | EU industrial footprint, global commercial reach Countries covered McPhy locations Wildau La Motte Fanjas, Grenoble, Paris Small Electrolyzers (PIEL) • Global reach, 50 countries • > 1000 installed Large Electrolyzers • EU focus, 5 countries • 36* MW are signed projects Stations • EU focus (France, Germany + UK) • 36* signed projects * 191 MW in reference as of Dec.31, 2021, among which: 36 are signed projects (orders with signed purchase orders) and 155 MW for which McPhy has been selected as preferred partner...
Open the catalog to page 10
McPhy® Confidential | Do not reproduce or share without permission Scale-Up Strategy
Open the catalog to page 11
McPhy® Confidential | Do not reproduce or share without permission Strengthening our position as an industrial leader and participate in the decarbonation of Europe, by contributing to the large-scale deployment of green hydrogen solutions Partner with our customers in the industry, mobility and energy sectors Optimize constantly the performance of our technologies, at the highest levels of quality and safety Accelerate our industrial scale-up to increase the competitiveness
Open the catalog to page 12
McPhy® Confidential | Do not reproduce or share without permission Committed to the deployment of our scale-up strategy | +177 m€ end of 2021 to finance our 4-pillar strategic plan Invest in • As a technology company: maintain leadership in electrolyzers and hydrogen stations • Increase bankability of value proposition through emblematic clean energy projects • Grow industrial footprint to generate economies of scale: new capacities for stations and electrolyzers • Build international/panEuropean partnership ecosystem to establish market-wide references • Deliver cost out roadmap • Ensure state-of-the-art...
Open the catalog to page 13
McPhy® Confidential | Do not reproduce or share without permission Positioned on prime technology: alkaline | Proven long-term resilience and stability Alkaline expected to weight 60+% of European electrolyzer installed base Pressurized alkaline technology highlights • Innovative high-current density electrodes other tbd ALK <1 co-developed with: • Long term resilience and stability • Lower CAPEX (precious metals avoidance, ...) • Compacity Pressurized alkaline electrolysis is the most selected technology to answer the broad-scale needs of decarbonization • Flexibility suited to integration with...
Open the catalog to page 14
McPhy® Confidential | Do not reproduce or share without permission Why choosing McPhy? | Front runner within electrolysis technology Electrolyzers • High current density electrodes • Flexibility and fast response time Containerized configuration: lower building and installation costs Perfectly adapted to green field environment. • High efficiency: < 4.9 kWh / Nm3 • High-pressure: 30 bar, no need for further compression stage • Modular technology (standardization and replicability): 1 / 4 / 20 / 100+ MW • Compact footprint: 20 MW installed in less than 900 m2 • Highest quality & safety sta
Open the catalog to page 15All McPhy Energy Deutschland GmbH catalogs and technical brochures
McFilling1 Page
McLyzer1 Page
UNLIMITED HYDROGEN16 Pages
Piel by MCPhy5 Pages