McPhy Energy: McPhy Announces the Signing of a Technology Partnership with Stargate Hydrogen to Accelerate Cooperation in Electrodes for Next Generation Alkaline Electrolyzers
October 18 2023 - 11:00AM
McPhy Energy: McPhy Announces the Signing of a Technology
Partnership with Stargate Hydrogen to Accelerate Cooperation in
Electrodes for Next Generation Alkaline Electrolyzers
Grenoble, October 18th, 2023 - 6:00 pm
CEST - McPhy Energy, specialized in low-carbon hydrogen
production and distribution equipment (electrolyzers and refueling
stations), today announces the signing of a Memorandum of
Understanding (MOU) with Stargate Hydrogen to accelerate
cooperation in electrodes for next generation alkaline
electrolyzers.
This significant milestone marks a year-long
fruitful discussion. The CEO of McPhy, Jean-Baptiste Lucas, and the
CEO of Stargate, Marko Virkebau, along with the CTO of Stargate,
Rainer Küngas, have signed the MOU on the occasion of the visit to
Paris by the Estonian Prime Minister, Kaja Kallas and the Minister
of Economy and Information Technology, Tiit Riisalo, as well as a
delegation of companies from the energy sector.
At the forefront of innovation, Stargate
develops electrodes that are free from precious metals and use
ceramic catalyst material for next-generation alkaline
electrolyzers. On the other hand, McPhy is making strides in
developing large-scale pressurized alkaline electrolyzers for the
decarbonation of industry.
The MOU thus outlines the intent of both
companies to work together on employing the ceramic technology
designed by Stargate in large-scale alkaline electrolysis and also
aims to improve the reliability of components of electrolysis
systems. This sharing of knowledge and expertise is set to further
strengthen the hydrogen value chain and accelerate cooperation
between the two companies. It feeds into the scale-up strategy of
both McPhy and Stargate, with plans for developing their industrial
sites in France and Estonia.
The signing of this MOU illustrates a
cross-border collaboration between France and Estonia in the Green
Tech and decarbonation spaces, supported by IPCEI on hydrogen, to
which both companies belong in the Hy2tech wave.
Jean-Baptiste Lucas, CEO of
McPhy, said: “This partnership with Stargate ties in
perfectly with our strategy to extend our technological and
industrial lead in the rapidly growing hydrogen market. Sharing the
same technological and industrial challenges, this cooperation
allows us to cross-fertilize our expertise to sustain the
development of electrolyzers.”
Marko Virkebau, CEO of
Stargate, adds: “Our strategy consists of expanding by
collaborating. We have already secured partnerships with several
system integrations using our technology in their systems. Now, we
are taking the next step by also partnering with the leading
electrolyzer manufacturers interested in using our unique
technology in their products. The partnership with McPhy will
surely allow both parties to scale faster and bring down the cost
of green hydrogen for large-scale projects.”
Next financial event:
- Publication of 2023 Annual Revenue, February 5,
2024, after market close
ABOUT STARGATE HYDROGEN
Stargate Hydrogen, a privately owned company, is developing
turnkey solutions for green hydrogen deployment. The central
innovation of the company is focused on the development of
next-generation alkaline electrolysers that are free from precious
metals.
CONTACTStargate Hydrogen Solutions
OÜ |
|
Marko Virkebau, CEOmarko@stargatehydrogen.com
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 B, ISIN code: FR0011742329, MCPHY).
CONTACTS
NewCap |
|
Investor RelationsEmmanuel
HuynhT. +33 (0)1 44 71 94 99mcphy@newcap.eu |
Media RelationsNicolas
MerigeauT. +33 (0)1 44 71 94 98mcphy@newcap.eu
|
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