McPhy Energy Updates on Acquisition of PIEL [Manufacturing Close - Up]
(Manufacturing Close - Up Via Acquire Media NewsEdge) McPhy Energy, a developer and manufacturer of solid state hydrogen storage, announced that the company has acquired PIEL, an Italian company focusing on hydrogen generators based on electrolysis of water.
McPhy Energy reported that PIEL brings its know-how in water- based hydrogen generators, which are connected directly to the electric grid or to renewable energies. McPhy Energy brings its technology for storing hydrogen in a solid state, based on magnesium hydrides.
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," said 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 market.
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