French hydrogen production company McPhy has received a €30m investment from US-based liquefaction and cryogenic equipment company Chart Industries.
In addition to the investment, the two companies also signed a commercial Memorandum of Understanding (MoU), through which they will stimulate new hydrogen demand by identifying new projects and customers.
Chart and McPhy will also work on studying options to scale up projects for production, storage, transport and fuelling in all addressable markets.
Laurent Carme, McPhy’s CEO, added, “We are thrilled to welcome Chart Industries as a strategic investor and partner, bringing deep expertise in their hydrogen-related applications.”
“We anticipate new commercial opportunities in hydrogen across Europe and globally through this partnership.”
Jill Evanko, Chart’s CEO, said, “We are excited about our next step in partnering with global leaders for a full hydrogen value chain offering, from production through end use construction.”
“We view this strategic investment and more so, partnership, as an exceptional commercial step for our combined teams to bring new commercial opportunities in Europe and the United States jointly forward where we will have an unmatched hydrogen offering.”