McPhy Energy Along with Consortium of European Partners Launch 39 Megawatt-Hour Grid Connected Renewable Energy Storage Project in Europe

GRENOBLE, France, July 23, 2012 /PRNewswire/ –

McPhy Energy, a leading developer and manufacturer of solid state hydrogen storage,
today announced that the Company as part of a consortium of 7 partners has successfully
kicked off the INGRID project, a major R&D and demonstration project with an overall
budget of 23.9M Euros. The project will be granted with a financial contribution of 13.8M
Euro by the European Commission within the Seventh Framework Programme for European
Research and Innovation and will take four years to complete.

(Logo:
http://photos.prnewswire.com/prnh/20120723/546191 )

Consortium members include Engineering Ingegneria Informatica, the largest privately
owned Italian ICT technology provider and coordinator of this project, Agenzia per la
tecnologia e l’Innovazione (ARTI, Puglia, Italy), which represents the operational arm of
Puglia regional authority for the innovation and technology transfer, Enel Distribuzione,
Italy’s largest electricity distribution company, Hydrogenics (Belgium), the leading
provider of hydrogen generators, the French McPhy Energy SA a leader in innovative
technologies for solid and safe hydrogen storage, and the research institutions Ricerca
sul Sistema Energetico (RSE, Italy), leader in research projects in the field of power
generation, transmission and distribution and TECNALIA (Spain).

The core innovation of the INGRID project will consist of combining solid-state
high-density hydrogen storage systems and electrolysis with advanced ICT technologies for
smart distribution grids monitoring and control in a scenario of high penetration of
renewable energy sources in order to balance power supply and demand.

The consortium will design, build, deploy and operate a 39 MWh energy storage facility
using McPhy hydrogen-based solid state storage and Hydrogenics electrolysis technology and
fuel cell power systems in the Puglia region in Italy, where over 3.500 MW of solar, wind,
and biomass are already installed. The hydrogen energy storage installation, with more
than 1 ton of safely stored hydrogen (the largest ever built), including a novel fast
responding 1.2 MW hydrogen generator, will provide effective and smart balancing support
for the local grid managed by Enel Distribuzione. Several potential value streams for the
generated carbon-neutral hydrogen will be investigated.

All consortium partners are delighted to be part of this important energy storage
project which further substantiates the enabling position of hydrogen technologies for
renewable energy integration. The importance that the EU places on hydrogen technologies,
that hold the key to solving utility-scale energy storage issues of today and tomorrow, is
gratifying for the companies involved. The technologies at the core of INGRID Project are
well placed and proven to enable greater renewable power generation around the globe.

About McPhy Energy

McPhy Energy was created in 2008, with the mission to industrialize and commercialize
an innovative solid hydrogen storage technology using magnesium hydrides, which offers
unique advantages compared to other hydrogen storage solutions. The technology addresses
the merchant hydrogen and renewable energy markets. McPhy owns exclusive rights on a
portfolio of unique patents, which results from over 8 years of research at the CNRS and
CEA, in partnership with Joseph Fourier University. Member of the TENERRDIS cluster, McPhy
Energy is involved as a partner or a subcontractor in several research projects. For
further information, see http://www.mcphy.com

    Photo: 

http://photos.prnewswire.com/prnh/20120723/546191

SOURCE McPhy Energy S.A.