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McPhy: up sharply thanks to Rouen contract

( - On Tuesday, McPhy Energy was one of the biggest risers on the Paris market, after announcing that it had been awarded a contract to supply an electrolyzer.

Shortly before 10:30 a.m., McPhy shares climbed more than 7%, giving the company a market capitalization of around 92 million euros.

In a press release, the hydrogen production equipment specialist states that it has been selected by the Valorem group, a pioneer in green energy in France, for a project in Rouen.

McPhy will be responsible for supplying a 1 MW electrolyzer and distribution station to power public transport vehicles in Rouen.

The project, which comes with an eight-year maintenance and technical support contract, will also supply local manufacturers with renewable hydrogen.

All the equipment is scheduled for commissioning in January 2026.

The announcement of this agreement, the financial terms of which were not disclosed, is good news for the Group, at a time when analysts were concerned about the lack of contract signatures.

McPhy shares are down around 6% since the beginning of the year.

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