McPhy has signed a strategic partnership agreement with Hype, a group at the forefront of hydrogen infrastructure deployment for zero-emission urban mobility solutions in France and Europe.

Hype is relying on a first market that is immediately relevant for hydrogen - the urban cab - in order to deploy a hydrogen production and distribution network opened to all other forms of urban mobility: utility vehicles, buses, trucks, etc. Directly operating the world's largest fleet of hydrogen cabs, which is expected to exceed 700 vehicles during 2022, Hype's ambition is to deploy 10,000 zero-emission cabs and 20 high-capacity stations in the Paris region by the end of the 2024 Olympic Games, and to expand to 15 other cities around the world, in target areas such as Spain, Portugal, Italy, Belgium and the United Kingdom by the end of 2024. This growth plan should represent a total of around 40,000 vehicles and about 100 stations by the end of 2025 and is supported by major shareholders, including the Banque des Territoires (CDC).

The strategic agreement between McPhy and Hype is part of this development plan, and includes commercial, technological and financial aspects. 

"The agreement signed with Hype is part of an ambitious strategic approach to actively contribute to the integration of the hydrogen industry in France. The combination of Hype's offer, as an operator of hydrogen vehicles and infrastructures, and McPhy's one, as a supplier of hydrogen production and distribution solutions for zero-emission mobility, provides an example of the cooperation needed to synchronize the mass production of hydrogen vehicles and the infrastructures required for their use," said Jean-Baptiste Lucas, Chief Executive Officer of McPhy.

New orders for high-capacity stations and electrolyzers for McPhy

The cooperation between the two groups will materialize in 2022 with firm orders for the supply to Hype of a 2 to 4 MW alkaline electrolyzer and a 800 kg / day hydrogen station.

These first orders could be followed, subject to confirmation of specific subsidies requested by Hype in 2021, by additional orders in 2023, for a new multi-megawatt electrolyzer and 5 additional high-capacity hydrogen stations.

With a potential of orders of 50 stations and 15 to 25 megawatts by end of 2025, this cooperation opens many opportunities in the medium term 

These first orders could be followed by other commercial opportunities, as part of the establishment by the end of 2022 of a co-exclusive framework agreement between Hype and McPhy. This agreement covers the deployment by Hype of a minimum of 100 stations in France and Europe, of which 50% would be allocated to McPhy.  

As part of this agreement, McPhy would also be designated as the preferred partner for the supply of 15 to 25 MW of alkaline electrolysis.

A similar co-exclusivity agreement, on a parity basis for the supply of high-capacity hydrogen refueling stations, has also been reached between Hype and the HRS company.

A strong technological component, in a logic of joint innovation

In addition to their commercial collaboration, McPhy will have access to the data collected by Hype vehicles, in order to optimize its offer of stations and electrolyzers. This technological partnership is based on the mutualization of expertise, with a view to standardizing equipment, improving technical performance and increasing their economic competitiveness.