In a significant move in the hydrogen sector, McPhy Energy and Atawey have completed the sale of McPhy's refueling stations business for a fixed amount of €12 million, with potential earn-out options based on future orders. This transaction allows McPhy to refocus on its core business of electrolyzer manufacturing while providing resources to accelerate its development and contribute to the low-carbon hydrogen industry in Europe. Atawey, now positioned as the European leader in hydrogen refueling stations, gains access to an industrial tool capable of producing over 80 stations per year, integrating McPhy's expertise and technologies, and welcoming more than 40 employees from McPhy's teams to strengthen its market presence and achieve profitability in the upcoming financial year. For McPhy, this sale comes at a strategic time as it aligns with the company's industrial scale-up plans, including the recent inauguration of the Belfort Gigafactory, signaling a shift towards increasing production capacity and focusing on electrolyzer manufacturing in Europe. Both McPhy and Atawey view this acquisition as a positive step to consolidate their positions in the hydrogen sector in France and Europe, enabling them to drive growth, meet market demands, and contribute to the ongoing energy transition and decarbonization efforts. The transaction marks a significant development for both companies and underlines their commitment to advancing the adoption of low-carbon hydrogen solutions.