French electrolyser firm McPhy Energy has slashed its FY2024 revenue guidance to around €11m ($11.2m) from original estimates of €18-22m ($18.3-22.4m), citing project delays and the scrapping of legacy refuelling developments.
The hydrogen company said delays in the HyCC Djewels green hydrogen plant in the Netherlands, which it said, “has not been taken into account for 2024, as the parties are currently pursuing their discussions.”
Previously expected to start construction in 2024, McPhy along with Technip Energies, was contracted to supply, design and construct a 20MW electrolyser plant for the project.
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