A consortium of investors led a $210m funding round in McPhy.

A consortium of investors including Chart Industries-backed Chart International, Technip Energies and Bpifrance-backed EDF Pulse led a $210m funding round in McPhy, a company specialized in hydrogen production and distribution equipment. “The collaboration with McPhy is an important milestone for the future of the green hydrogen industry and demonstrates our ambition to accelerate the journey to a low-carbon society. We will work with McPhy to develop large scale and competitive carbon free hydrogen solutions from production to liquefaction, storage and distribution which we firmly believe is core to achieving net-zero targets. We are excited to be also joined by Chart Industries whose expertise lies in equipment development and is complementary to our process technology and project capabilities. We are proud to keep the same pioneering spirit and our commitment to technology and outstanding project execution to serve the energy transition," Arnaud Pieton, Technip Energies President.