McPhy Energy, specialized in low-carbon H₂ production and distribution equipment (electrolyzers and refueling stations), announces that the French government is accelerating its plan to make France the leader in carbon-free H₂ by 2030. The industrial-scale production of new generation alkaline electrolyzers is essential to achieve this goal.

In this context, the McPhy gigafactory project will benefit from a public aid from the French State, for a maximum amount of €114 MM, which is part of the IPCEI Hy2Tech approved by the European Commission on July 15, 2022.

The Belfort site has been pre-selected by McPhy for the implementation of this gigafactory project.

With this project, McPhy is targeting 3 objectives:

• Innovation, through the development of new generation alkaline electrolyzers, in terms of size, components and integration within platforms
• Industrialization of large-scale production to meet the needs of the European market, in particular, to contribute to the decarbonization of industry, mobility and energy
• Collaboration with numerous partners of the H₂ ecosystem in Europe and dissemination of knowledge with academic, industrial and research stakeholders.

The final investment decision for this gigafactory project will be taken by McPhy shortly, after the contracting of the terms of the public aid with Bpifrance.