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Last updated on April 20, 2014 at 21:20 EDT

McPhy Energy to Supply Solid Hydrogen Storage Solution to Iwatani Corporation, Japan’s Market Leader

March 1, 2011

International Hydrogen & Fuel Cell Expo, TOKYO, March 1, 2011
/PRNewswire/ — McPhy Energy, a leader in solid hydrogen storage technology,
has announced that the company has signed a contract with the Iwatani
Corporation, Japan’s leading supplier of hydrogen in terms of market share,
to supply a 4 kilogram solid hydrogen storage solution. Because the hydrogen
is stored as a solid in the form of magnesium hydrides, the McPhy system does
not require compression. This results in an innovative solution for safe,
reversible hydrogen storage, with excellent energy efficiency.

McPhy will install a complete system for industrial hydrogen storage at
an Iwatani facility in Japan. The contract was signed just one year after the
two companies first met at the 2010 International Hydrogen and Fuel Cell Expo
in Tokyo. Over the past year, Iwatani experts have evaluated the McPhy
system, visiting installations at the French national CNRS and CEA research
institutions.

“By supplying hydrogen safely, cheaply and reliably, Iwatani is taking a
lead in Japan’s quest for a hydrogen-driven society,” says Iwatani staff in
the hydrogen business. “The McPhy solid hydrogen storage solution offers a
compelling solution to key challenges of this business.”

“McPhy Energy is honored that Japan’s hydrogen leader, Iwatani
Corporation, has chosen our solid hydrogen storage system for further
evaluation,” says Pascal Mauberger, CEO of McPhy Energy. “This marks our
first foray into the dynamic and all-important Japanese hydrogen market, and
a significant milestone in our strategy of working with industrial leaders in
the most promising markets.”

McPhy Energy will exhibit at FC EXPO 2011 – 7th International Hydrogen &
Fuel Cell Expo, in the Device/Material Zone of the Tokyo Big Sight, March 2 -
4, 2011
in Tokyo, Japan.

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. A 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.

About Iwatani Corporation

Established in 1930, Iwatani has been growing domestically as well as
overseas in the variety of business fields such as Energy, Industrial Gas,
Electronics & Machinery, Material and Agri-Bio & Foods.

With “Gas & Energy” as Corporate concept, Iwatani has particularly been
focusing on distribution of LPG, LNG and hydrogen to the market.
http://www.iwatani.co.jp/eng/index.php

SOURCE McPhy Energy S.A.


Source: newswire