TechnipFMC and McPhy signed a memorandum of understanding (MoU) with McPhy, a manufacturer and supplier of carbon-free hydrogen production and distribution equipment, in which the two companies will jointly work on technology development and project implementation.
TechnipFMC is also making an equity investment in McPhy.
TechnipFMC’s Technip Energies has provided proprietary steam-reforming technology for more than 270 hydrogen production plants worldwide. The MoU establishes a collaboration framework for the manufacturing and commercialization of hydrogen electrolysis production systems for large industry, renewable energy storage, and mobility projects and hydrogen-distribution systems for large mobility projects.
Technip Energies and McPhy will jointly address commercial opportunities, work on integrating their respective offerings, and work on research and development for hydrogen technology.
Separately, Chart Industries announced on 13 October a strategic investment of $35.2 million in McPhy and the signing of an MoU. The agreement between McPhy and Chart is intended to set the pace of commercial collaboration to stimulate new hydrogen demand for the parties’ respective equipment and solutions globally by identifying new customers and projects. The companies will also study options to scale up projects for production, storage, transport, and fueling in all addressable markets.