MPC Energy Solutions publishes Q2 2022 report

Amsterdam/Oslo – 17 August 2022 – MPC Energy Solutions N.V. (“MPCES” or “Company”), Amsterdam, published its Q2 2022 report this morning.

The Company generated 14.7 GWh of energy during the first half of 2022, and recorded revenues of USD 1.5 million. MPCES reported an operating loss (EBIT) for the first six months of the year of USD 1.6 million (1H 2021: also negative, USD 1.7 million), and a net loss of USD 1.8 million (unchanged from 1H 2021), reflecting that the Company is still in a build-up phase.

Given the anticipated delays and a postponement of the commercial operation date for the Company’s combined-heat-and-power plant Neol CHP in Puerto Rico, MPC Energy Solutions reduced its full-year outlook to USD 3.5 million revenues (down from USD 4.5 to 5.0 million compared to the previous outlook) ad USD 2.2 million project-level EBITDA (previous: USD 3.1 to 3.5 million).

The financial results as well as an update on the Company’s projects will be given during a conference call and simultaneous webcast for the investment community today at 9:00 a.m. CET (see details below).

Q2 webcast and conference call information:
The Company will host a webcast on Wednesday, 17 August 2022 at 9:00 am CET. There will be a Q&A session after the presentation, and a recording and written transcript of the webcast will be published on the Company’s website afterwards. The live webcast can be accessed through the following link: https://edge.media-server.com/mmc/p/8erp7cz2

Alternatively, participants may dial in to the webcast using the below dial-in information:

•          Norway LocalCall Dial-In:       +47 2396 0264

•          USA LocalCall Dial-In:             +1 631 5107 495

•          UK LocalCall Dial-In:               +44 8445 718892

•          International/Toll Dial-In:      +44 2071 928000

Conference ID: 2686257

For further information, please contact [email protected].

- ENDS -

About MPC Energy Solutions
MPC Energy Solutions ("MPCES") is a global provider of sustainable energy and primarily focuses on low-carbon energy infrastructure, including solar and wind assets, and other hybrid and energy efficiency solutions. The Company participates in the full project lifecycle of renewable solutions, from early-stage development through construction and operation. More details at www.mpc-energysolutions.com

Media contacts

MPC Energy Solutions N.V.

Investor Relations & Public Relations
Email: [email protected]

Norway

Jo Christian Lund-Steigedal
Corporate Communications AS
Phone: +47 415 08733
Email: [email protected]

Americas
Perry Goldman

Montieth & Company
Phone: +1 (646) 8643568
Email: [email protected]

United Kingdom
Andrew Berridge

Montieth & Company
Phone: +44 7925 697 215
Email: [email protected]