French electrolyser maker McPhy has said that without projects being finalised and further public funding, it only has enough cash to finance its operations until “the course of Q3 2025.”
It comes as the firm reported FY 2024 revenues of €13.1m ($16.7m) – down 30% on 2023.
McPhy attributed the decline primarily to the lack of revenue recognition from the 20MW Djewels green hydrogen plant in the Netherlands, as well as deductions related to compensation for the termination of historical refuelling station contracts.
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