Hydrogen Production & Storage Equipment Manufacturing
Strategic Profile
The company originally positioned itself as a provider of hydrogen-based solutions for renewable energy storage and the merchant hydrogen market across France, Germany, and Italy. However, the company has entered liquidation, indicating significant challenges in executing its commercial strategy and competing in the hydrogen equipment market.
Cyborg Score Rationale
McPhy Energy is in liquidation with a market cap of approximately €4.4 million as of early 2026, down from historical highs. The company has failed to achieve sustained profitability, with negative earnings and declining revenues, and is now disposing of remaining assets rather than pursuing growth.
Top Insights
Company is in active liquidation of remaining assets as of March 2026
Stock price has collapsed from €41.70 (Jan 2021) to €0.15 (current), representing a 99.6% decline
Market capitalization has shrunk to €4.37 million from historical highs, indicating severe value destruction
Previously developed hydrogen electrolyzers and storage solutions but failed to achieve commercial scale or profitability
Named Competitors
Hydrogen Fuel Cell Systems — Hydrogen fuel cell solutions provider
Fuel Cell Systems — Proton exchange membrane fuel cells
Hydrogen Storage & Production — Electrolyzer manufacturer and hydrogen supplier
Recent Developments
(Dec 2025) Stock trading at €0.001 on OTC markets with minimal volume
(2025) Company entered liquidation phase with asset disposal underway
(2024) RBC Capital Markets downgraded to "underperform" with CEO resignation
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