Thursday, 9 March 2017

McPhy has been granted exclusive distribution rights in Europe for SimpleFuel™

Source: "McPhy has been granted exclusive distribution rights in Europe for SimpleFuel™, the all-in-one hydrogen refueling station awarded by the U.S. Department of Energy", McPhy, 9th March 2017

McPhy entered into an agreement with U.S. company Ivys Energy Solutions, its partner in developing the SimpleFuel™ hydrogen refueling station, as the exclusive distributor for Europe. As a compact all-in-one station, it covers hydrogen generation, compression, storage and distribution for mobility.

La Motte Fanjas (France), 9 March 2017 – McPhy, the designer, manufacturer and integrator of hydrogen equipment for the energy, transport and industrial sectors, and its partner Ivys Energy Solutions, which in co-development with PDC Machines in the United States, have developed SimpleFuel™ under the auspices of the U.S. Department of Energy (DOE) initiative, announce the conclusion of an agreement for its commercial launch in Europe.

SimpleFuel™ is a turnkey, compact and affordable refueling station. This genuine "energy hub” is a fully integrated hydrogen generation, compression, storage and dispensing system capable of delivering 5-10 kg/day at pressures up to 700 bar. In January of this year, SimpleFuel™ was declared winner of the competition launched by the U.S. DOE and the Hydrogen Energy Foundation (HEF). The purpose of this competition was to promote the development of on-site affordable small-scale hydrogen refueling systems. Such solutions will aim to accelerate the deployment of hydrogen infrastructure across the U.S. to contribute to the widespread adoption of hydrogen mobility.

SimpleFuel, that has already been certified by the DOE and the NFPA (National Fire Protection Association), will be adapted to European standards. It will be distributed in Europe exclusively by McPhy and produced at its San Miniato plant (Italy).

SimpleFuel™'s limited physical footprint multiplies opportunities for its installation at all types of sites, even very small: logistics platforms (forklifts), vehicle rental companies and other captive fleets, car dealerships, etc.

"We are very pleased with the agreement that has been concluded with our US partner, Ivys Energy Solutions. We have worked closely over the last two years on the technological and industrial development of this revolutionary hydrogen refueling station combining performance, affordability and accessibility. With SimpleFuel™, hydrogen is simple than ever. Easy to install, all-in-one and user-friendly, SimpleFuel™ will contribute to accelerate the deployment of hydrogen infrastructures. Our solution will in this way facilitate the widespread adoption of zero emission mobility while making possible to monetize renewable energy surplus", concluded McPhy's Chairman and CEO, Pascal Mauberger.

The launch in Europe of the SimpleFuel™ station will be unveiled tonight following the "Hydrogen, the missing link in Energy Transition” symposium at the BePOSITIVE trade fair to be held until 10 March at Eurexpo Lyon.

About McPhy -

As a specialised supplier of hydrogen production, storage and distribution equipment, McPhy contributes to the deployment of clean hydrogen as a solution for achieving energy transition.

Through its wide range of products and services dedicated to the hydrogen energy, zero emission mobility and industrial hydrogen markets, McPhy provides turnkey solutions tailored to client applications: renewable energy surplus storage and monetization, fuel cell car refuelling, raw material for industrial sites

As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany). The company’s international subsidiaries ensure a global sales coverage of McPhy’s innovative hydrogen solutions.

McPhy is listed on NYSE Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

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Marie-Anne Garigue
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