Core Points - McPhy Energy has entered judicial liquidation as approved by the Belfort Commercial Court on July 8, 2025, which also included a disposal plan for part of its assets to John Cockerill Hydrogen [1][3] - John Cockerill Hydrogen has acquired a significant portion of McPhy's activities and assets, including the Belfort Gigafactory and over 70% of its French workforce [2] - The trading of McPhy's shares has been suspended, and a delisting from Euronext Growth Paris is forthcoming due to the expected nil value of the shares [4][5] Company Overview - McPhy specializes in hydrogen production equipment and aims to contribute to the global deployment of low-carbon hydrogen solutions for energy transition [8] - The company has been operational since 2008, with development, engineering, and production centers in France, Italy, and Germany, providing a range of hydrogen solutions for various sectors [8]

Core Viewpoint - McPhy Energy has initiated a judicial reorganization process as of June 4, 2025, following previous conciliation proceedings, with the aim of addressing its financial difficulties and exploring potential asset sales [1][2]. Group 1: Judicial Reorganization Details - The Belfort Commercial Court has appointed a judicial administrator to oversee the reorganization process [1]. - A new deadline for submitting offers for McPhy's assets has been set for June 13, 2025, with a hearing scheduled for June 24, 2025, to review the offers received [2]. - If no viable offers are received, liquidation proceedings will commence, potentially leading to the delisting of McPhy's shares, with a high likelihood of residual value being nil due to liabilities exceeding asset realizations [3]. Group 2: Subsidiary Proceedings - Concurrently, McPhy has initiated proceedings to address difficulties faced by its subsidiaries in Germany and Italy, with expressions of interest already received for some of their assets [4]. Group 3: Shareholders' Meeting Postponement - The Annual Shareholders General Meeting, originally scheduled for June 17, 2025, has been postponed, with a new date to be announced later [5]. Group 4: Company Overview - McPhy specializes in hydrogen production equipment and aims to support the global transition to low-carbon hydrogen solutions, offering a range of products for industrial, mobility, and energy sectors [6]. - The company has been active since 2008 and operates three development, engineering, and production centers in Europe [6].

Core Insights - BrightHy Solutions has entered a strategic partnership with Sungrow Hydrogen to enhance hydrogen production capabilities in Iberia, focusing on green energy transition [1][4] - The collaboration builds on previous projects between the two companies, with BrightHy acting as an agent for Sungrow's products, leveraging its engineering expertise and local market knowledge [2][5] - Sungrow Hydrogen boasts a leading 30MW Water Electrolysis Hydrogen Production Empirical Platform and over 550 secured patents, positioning it as a key player in flexible green hydrogen production [3][6] Company Overview - BrightHy Solutions, a subsidiary of Fusion Fuel Green Plc, specializes in hydrogen production through electrolysis, offering comprehensive services from plant design to engineering solutions [5] - Sungrow Hydrogen, a subsidiary of Sungrow, focuses on advanced water electrolysis technology and provides a range of hydrogen production systems, emphasizing innovation and safety [6] Market Implications - The partnership is expected to accelerate the deployment of hydrogen production technologies in Iberia, addressing the rising demand for green hydrogen and contributing to sustainable energy solutions [4][5] - Both companies are committed to integrating efficient and intelligent hydrogen solutions for industrial and energy applications, aiming to lead the green hydrogen market [4][6]

Company Overview - McPhy Energy specializes in hydrogen production equipment, contributing to the global deployment of low-carbon hydrogen for energy transition [3] - The company offers a complete range of products for industrial, mobility, and energy sectors, providing turnkey solutions for various applications [3] - McPhy has been designing, manufacturing, and integrating hydrogen equipment since 2008, with development centers in France, Italy, and Germany [3] Recent Developments - A conciliation procedure was opened in April 2025, leading McPhy to initiate a call for tenders for a potential takeover of its assets and activities [1] - The deadline for the submission of offers was May 9, 2025, and the received tenders are currently under review [5][2] - No in bonis offers have been received, which may result in a judicial liquidation procedure for McPhy, leading to the delisting of its shares [6] Financial Implications - The anticipated residual value from the judicial liquidation is expected to be nil, as the proceeds from asset realization are likely to fall short of liabilities [6] - The company is preparing to communicate the next steps related to the takeover project and any significant changes in its situation [2]

Company Overview - McPhy specializes in hydrogen production equipment and contributes to the global deployment of low-carbon hydrogen as a solution for energy transition [2] - The company offers a complete range of products for industrial, mobility, and energy sectors, providing turnkey solutions for industrial raw material supply, recharging of fuel cell electric vehicles, and storage and recovery of electricity surplus from renewable sources [2] - McPhy has been designing, manufacturing, and integrating hydrogen equipment since 2008, with three development, engineering, and production centers located in France, Italy, and Germany [2] Financial Information - As of April 30, 2025, McPhy has a total of 29,281,788 outstanding shares and 29,100,574 net voting rights [4] Corporate Structure - McPhy Energy is a public limited company (société anonyme) with a Board of Directors and is registered under number 502 205 917 R.C.S. Belfort [5] - The company is listed on Euronext Growth Paris with the ISIN code FR0011742329 and ticker ALMCP [5]