French hydrogen co McPhy suspends ops in Italy over COVID-19

McPhy's San Miniato site. Image by McPhy. (www.mcphy.com)

March 30 (Renewables Now) - French hydrogen specialist McPhy Energy SA (EPA:MCPHY) has temporarily suspended the assembly of electrolysers and the production of stacks at the San Miniato site in Tuscany, Italy in the wake of the COVID-19 pandemic.

The company said today it had halted operations at the San Miniato facility on March 23 for a month, while other production sites remain operational with limited resources and strengthened safety measures.

Additionally, McPhy has set up business continuity plans across all of the group’s sites, while strictly following the recommendations of the World Health Organization (WHO) and measures adopted by local governments in countries in which it operates.

The company estimates that the COVID-19 pandemic will have an impact on its activity and the group’s 2020 prospects. However, given the uncertainty over how the pandemic will progress and how long the various governments’ lockdown measures will stay in place, it is difficult to quantify the impact at the moment.

McPhy added it is confident in its resilience and the solidity of its corporate project, which, being underpinned by “robust fundamentals” and the hydrogen market’s positive outlook, will enable it to weather the current global health crisis.

More stories to explore
Share this story
About the author

Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription