Marks major step in development for solid hydrogen storage specialist
GRENOBLE, France, Jan. 17, 2013 /CNW/ - McPhy Energy, a leading
developer and manufacturer of solid state hydrogen storage, today
announced that the company has acquired PIEL, an Italian pioneer in
hydrogen generators based on electrolysis of water. The acquisition of
PIEL (a division of the ILT Technology Group, near Pisa, Italy), is an
important milestone for McPhy Energy in the deployment and
accessibility of its innovative technologies, enabling the company to
couple the production and storage of solid hydrogen, a unique pairing
PIEL brings its know-how in water-based hydrogen generators, which are
connected directly to the electric grid or to renewable energies.
Today PIEL has over 3000 installations in service at more than 1000
customers across the globe.
McPhy Energy brings its innovative technology for storing hydrogen in a
solid state, based on magnesium hydrides.
(Logo: http://photos.prnewswire.com/prnh/20120723/546191 )
The integration of the technologies from these two actors makes green
hydrogen generation accessible to clients at the point of use and/or
the storage of renewable energies, with modular systems adaptable to
the demand and needs of the user.
"Recognized for its highly-reliable alkaline generators, PIEL enables
McPhy to now offer complete hydrogen solutions coupling storage and
electrolyser. This represents a considerable advance in terms of
accessibility and autonomy for our customers," says Pascal Mauberger,
CEO of McPhy Energy. "Furthermore, it gives McPhy access to PIEL's
clients and worldwide commercial network."
The integration of PIEL into McPhy Italia represents an enormous growth
opportunity for both companies. PIEL brings generators and industrial
clients to McPhy, while gaining access to McPhy's storage technology
and customers in the energy markets. PIEL will also benefit from
additional financing that will enable the company to accelerate
projects under development.
"I am particularly pleased to welcome Robert Rasoini, with his deep
experience in electrolysis and hydrogen, to McPhy's management team,"
continues Mauberger. "He has lead PIEL for over ten years, and will
continue to do so under the aegis of McPhy Italia."
"The integration of these two systems enables us to put an
ultra-flexible offer on the market for our clients," explains Adamo
Screni, Executive Vice President of Sales, member of the management
team and president of McPhy Energy's new Italian subsidiary. "We can
hereby facilitate access to hydrogen on-site for industrial hydrogen
users, by creating a very clean, straightforward and economical offer
that is much more attractive than current solutions. For the energy
storage market, this is an "all-in-one" solution, which optimizes an
installation's global yield."
Coming a few months after the opening of its German subsidiary (July
2012), this acquisition confirms the acceleration of McPhy Energy's
expansion and its position as an international leader in the hydrogen
The acquisition was managed by Gianni-Origoni-Grippo-Capelli Partners
NOTE: McPhy Energy will be at pavilion L stand 4156 of T-Gold Machinery
and Tools exhibit (Vicenza, Italy, 19-24 January 2013)
In brief - latest news from McPhy Energy:
January 2013: acquisition of PIEL in Italy (http://www.piel.it)
December 2012: McPhy Energy becomes an actor in Germany's energy transition, as ITM Power selects McPhy technology for hydrogen storage
November 2012: McPhy Energy Takes Part in the GRHYD Project, Injecting a Breath of
Innovation into the French Gas Network
October 2012: for the third consecutive year, McPhy Energy is one of the top 100
worldwide eco-innovation companies
July 2012: McPhy Energy expands operations in Europe and appoints Roland Kaeppner
as CEO for Germany
About McPhy Energy - http://www.mcphy.com Based in Drome & Isère, France, McPhy Energy's mission is to
industrialize and commercialize an innovative hydrogen storage
technology using magnesium hydrides. Offering unique advantages
compared with the other hydrogen storage solutions, this technology
addresses the industrial hydrogen and renewable energy markets. McPhy
Energy owns exclusive rights on a portfolio of patents, which result
from over 8 years of research at CNRS, in partnership with Joseph
Fourier University (France). A member of the TENERRDIS competitiveness
cluster, McPhy Energy is involved as direct partner or subcontractor in
several research projects. McPhy Energy is listed in the Global
Cleantech 100 and the Top 5 Cleantech France. The company has recently
signed numerous contracts in France, the United Kingdom, Germany, Italy
and Japan, demonstrating its technological leadership.
The original source-language text of this announcement is the official,
authoritative version. Translations are provided as an accommodation
only, and should be cross-referenced with the source-language text,
which is the only version of the text intended to have legal effect.
SOURCE: McPhy Energy
For further information:
EQUILIBRE Florence Dapoigny, +33(01)39-25-00-33, +33(06)60-49-83-95, email@example.com