Market opportunity
McPhy has targeted the following two markets that both have strong needs in hydrogen storage.
The merchant hydrogen market
McPhy’s management has a strong experience in this already mature market. The company’s targeted customers are “medium” industrial consumers who do not consume enough hydrogen for gas providers to install on-site production units next to their factory, and who are hence provided with their needs through compressed hydrogen tank. The logistics implied by this procurement method requires frequent refueling brought by trucks which is complex to handle, increases the carbon footprint of the company and indirectly induces higher hydrogen costs.
To help these clients to replace this logistics scheme, McPhy has chosen to partner with big gas providers who will package H2 tanks in standard small and integrated on-site production units.
» See an example of design for an OSSHY (On Site Solid Hydrogen) concept
The renewable energy production plants’ market
McPhy provides storage systems for green hydrogen production: concentrated solar power plants and wind farms that use part or total of the electricity they generate to produce hydrogen.
Energy storage is a clear answer to the issues raised by the development of renewable energy: short term storage allows curve leveling of the production and long term massive storage allows to reduce the unpredictability of the renewable energies production due to climate conditions. Storage also allows the decoupling of production and distribution: it is possible to have more control of the quality of power released on the network as storage units can answer more quickly to load changes than the power stations themselves.
» See an example of design for a photovoltaic desert site plant