McPhy Energy, a company that specialises in hydrogen based solutions for energy storage and industrial applications, registered revenue growth in the 2014 fourth quarter of 24%.
Fourth quarter revenue included a first delivery of production and storage equipment for hydrogen in solid form for the energy market. The industry activity for hydrogen production equipment sales and associated services continues to account for the major share of revenue. As a reminder, revenues reported do not include amounts relating to major demonstration projects in the energy sector (namely H2BER and INGRID) for which income is recognised under “other revenue from ordinary activities”. In 2013, “other revenue from ordinary activities” already amounted to €3.8m.
• Worldwide commercial deployment
By leveraging expertise and knowledge of the field of its commercial team henceforth providing it with a global presence, McPhy Energy’s deployment in the industry and energy markets is on track with its strategy.
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