McPhy picks up new electrolyser, H2 station order from taxi firm Hype

France’s McPhy Energy SA (EPA:MCPHY) has secured a new order to supply an electrolyser and a large capacity hydrogen filling station to Paris-based hydrogen taxi platform Hype as part of their agreement to promote clean mobility in the French capital.

The order includes the supply of an alkaline electrolyser of 2 MW to 4 MW and a dual pressure station with a capacity of 800 kg/day, the hydrogen equipment specialist said. The gear will be installed in the Paris region.

The latest order follows one that McPhy and Hype executed in April, and is rooted in their last year's multidimensional agreement that outlined the terms of McPhy’s subscription to Hype’s convertible bonds, equipment supply and techological collaboration.

The existing partnership will be complemented by a co-exclusive framework agreement between Hype and McPhy, which they expect to establish by the end of 2022. Under that agreement, Hype would roll out at least 100 stations in France and Europe by the end of 2025, while McPhy stands to secure contracts for half of that and for 15 MW to 25 MW of alkaline electrolysers.

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