XML 42 R30.htm IDEA: XBRL DOCUMENT v3.20.2
Subsequent Events
9 Months Ended
Sep. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENT On October 7, 2020 we signed a Memorandum of Understanding with McPhy Energy S.A. (“McPhy”), a leading manufacturer and supplier of carbon-free hydrogen production and distribution equipment, pursuant to which we will work jointly on technology development and project implementation. Following McPhy’s €180 million private placement offering that was announced by McPhy on October 14, 2020, we also subscribed to 638,297 McPhy shares for €15 million that represents 2.29% of McPhy’s capital. Pursuant to the share subscription agreement, we will receive representation on McPhy’s Board of Directors, and our nominee(s) for director will be subject to approval at the next McPhy shareholders’ general meeting to be held on or before January 31, 2021.