Atawey becomes European leader in hydrogen stations

Atawey buys McPhy's charging station business for 12 million euros, becoming Europe's leading hydrogen station operator with 70 installed stations.
Acquisition Atawey McPhy stations hydrogène

Partagez:

Atawey recently finalized the acquisition of McPhy’s charging station business for a fixed sum of 12 million euros. This transaction, which will begin in December 2023, significantly strengthens Atawey’s position in the European hydrogen market. With this acquisition, Atawey now has 70 hydrogen recharging stations, making it the European leader in terms of the number of stations installed, particularly in Germany. Furthermore, while the European Union is betting heavily on hydrogen, the EU’s Court of Auditors recently announced that the stated ambitions were hard to achieve.

Building Skills and Resources

By integrating McPhy’s expertise and technologies, Atawey is consolidating its know-how with one of the most highly qualified R&D teams in the sector. From July 17, more than 40 McPhy employees will join Atawey’s 105-strong workforce, bringing the total to 145. This merger will enable us to pool skills and consolidate expertise, with each team benefiting from over ten years’ experience and numerous patents.
This acquisition represents a major growth lever for Atawey, which will benefit from a high-performance industrial facility comprising a new production area of over 2,400 m² and four test areas. This strengthened infrastructure will enable Atawey to respond rapidly to its current order book of almost 25 million euros, while achieving profitability as early as next year.

Production Capacity and Growth

With this acquisition, Atawey will increase its production capacity to over 80 charging stations per year. According to Pierre-Jean Bonnefond, CEO and co-founder of Atawey, this transaction represents a major opportunity for the company’s industrial and technological growth. The synergy of know-how will enable us to adopt the best practices of both companies, positioning Atawey among the industry leaders in France and Europe.
The acquisition also enables Atawey to expand its range of charging stations and associated services to better meet market demand, including internationally. McPhy’s experience in European markets will be an asset for Atawey, which has already signed its first contract in Italy with Techfem and plans to open its third international subsidiary by the end of 2024.
Jean-Michel Amaré, Chairman and co-founder of Atawey, is delighted with this acquisition, which marks the start of a phase of European expansion and mutual enrichment of know-how. This operation will enable Atawey to continue improving its solutions for decarbonizing mobility, in response to global economic, technological and environmental challenges.
Atawey and McPhy will work closely together to ensure the continuity of current projects and guarantee the performance of stations already installed. McPhy will remain committed to Atawey for the optimal realization of future projects.

Georgia Power and Mitsubishi Power announce successful completion of an unprecedented test incorporating 50% hydrogen into an advanced gas turbine, reducing CO2 emissions by 22% compared to natural gas alone.
Neoenergia has begun construction of one of Brazil's first green hydrogen plants, aimed at supplying heavy and light vehicles, with an investment exceeding 30 million Brazilian reais ($5.99mn).
The SA-H2 fund, supported by international partnerships and local institutional backing, mobilises 37 million USD to develop export-oriented green hydrogen from South Africa, with an initial concrete project announced.
Turbotech reports successful combustion testing of a hydrogen turboprop, developed through digital simulation with Ansys, marking an industrial milestone in light aircraft using alternative fuel.
France Hydrogène responds to the Cour des Comptes report published on June 5, criticising an incomplete reading of updated targets and the economic impacts of decarbonised hydrogen development.
The Belfort Commercial Court has opened a judicial reorganisation procedure for McPhy, while a renewed call for tenders for its asset sale is now set to close on 13 June.
Plug Power CFO Paul Middleton acquired 650,000 shares on the market, affirming his support for the long-term strategy of the hydrogen-focused company.
The Canadian government is funding an initiative to support 40 SMEs in British Columbia’s hydrogen sector, aiming to increase foreign investment and expand international market share.
Developer CWP Global has paused its $40 billion AMAN project in Mauritania due to a lack of buyers for green ammonia despite favourable local conditions.
A study reveals that the profitability of African green hydrogen exports to the European Union depends on political support from Europe, despite the abundance of ongoing projects on the continent.
Plug Power expands its partnership with Allied Green through a new 2 GW electrolyzer deal tied to a $5.5bn chemical plant in Uzbekistan.
Stargate Hydrogen launches 140 MW factory in Estonia with modular expansion model amid cautious hydrogen investment climate.
The European Commission is considering legal action over RED III delays, as regulatory uncertainty slows renewable hydrogen projects and Union-wide investment.
The Cour des comptes warns of the gap between France’s hydrogen ambitions and the reality of funding and available industrial capacity.
Ballard Power Systems will supply 12 fuel cell modules to Sierra Northern Railway to convert three diesel locomotives into hydrogen-powered units. Delivery is expected during 2025.
Vallourec announces the official qualification of its vertical hydrogen storage solution Delphy by DNV, marking a decisive step towards the commercialisation of this innovative technology.
Chinese group Envision Energy has signed a strategic agreement with Marubeni to supply green ammonia, marking a major milestone in energy trade between China and Japan.
HDF Energy signed two protocols with Indonesian public partners to support the financing and deployment of 23 green hydrogen power plants during Emmanuel Macron’s state visit to Jakarta.
Plug Power’s plant in Georgia reached a record output of 300 tonnes of liquid hydrogen in April, marking a key milestone in the company’s industrial deployment of its GenEco electrolyser technology.
Austrian group OMV has confirmed a major investment in a green hydrogen production unit in Lower Austria, aimed at securing its Schwechat refinery operations by the end of 2027.