Ecotechnologies fund invests $6.5M in hydrogen pioneer McPhy Energy

January 17, 2013 |

In France, the Ecotechnologies fund, managed by CDC Entreprises, made its second investment in the company McPhy Energy. This €5M equity investment aims at supporting the commercial development of the company following the acquisition of an electrolysis equipments production unit. This investment is part of a 10M€ capital increase completed by the company’s historical investors: Emertec Gestion, Sofinnova Partners, Gimv, Arevadelfi and Clipperton Finance.

At the technological level, the hydrogen storage solution brought by McPhy Energy is a disruptive discovery compared with the conventional hydrogen storage solutions (high pressure gaseous storage or liquefied storage at extremely low temperature), with significant advantages such as an improved security thanks to low pressure storage, a lower energy consumption and a greater ease of use.

Category: Fuels

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