Hydrogen gains momentum and I would like to thank the McPhy teams, as well as all our partners, for their confidence and support in the Company's growth.

Laurent Carme, Chief Executive Officer of McPhy, states: '2020 was marked by the signing of several contracts reflecting the transition to industrial scale of McPhy, as well as of the entire zero-carbon hydrogen industry. McPhy has demonstrated the strong attractiveness and relevance of its offer and technology to serve emblematics large-scale projects at the heart of this hydrogen revolution.

The €180 million capital increase carried out in October 2020 gives us the means to achieve our ambitions to accelerate the development of our industrial capacities and the new generations of electrolyzers and hydrogen stations that meet the size, competitiveness and safety challenges demanded by the market. It also marks the strengthening of our partnership with our historical strategic shareholders, EDF Pulse Croissance Holding and the Ecotechnologies Fund represented by Bpifrance Investissement as part of the 'Programme d'Investissements d'Avenir' (set up by the French State to finance innovative and promising investments on the territory), and new strategic investors such as Chart Industries and Technip Energies.

As a major technological and industrial partner in the hydrogen industry, McPhy is well positioned to take advantage of a very favorable business trend which should continue and expand in 2021. The strategic plan for hydrogen, presented by the European Commission on July 8, 2020 which aims to develop the demand and production capacities of green hydrogen in Europe with a target of 6 gigawatts (GW) in 2024, and 40 GW in 2030, specifically supports companies of the future like McPhy. France is also committed to this voluntarist policy, with the creation in January 2021 of the National Hydrogen Council. This institution, of which McPhy is a member, has the mission to ensure the deployment of the National Strategy for the development of decarbonated hydrogen (3).

Hydrogen gains momentum and I would like to thank the McPhy teams, as well as all our partners, for their confidence and support in the Company's growth.'

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McPhy Energy SA published this content on 26 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2021 17:19:01 UTC