An announcement from Clean Power Hydrogen PLC ( (GB:CPH2) ) is now available.
Clean Power Hydrogen PLC (CPH2) has announced significant progress in the commercial rollout of its Membrane-Free Electrolyser (MFE) technology, marking a transition from research and development to commercialization. Key achievements include the successful Factory Acceptance Test of the MFE110 unit, delivery and testing at Northern Ireland Water’s site, and a significant license agreement with Hidrigin for manufacturing up to 2GW of MFE electrolysers over 20 years. The company also renewed contracts with Northern Ireland Water and Fabrum Solutions, enhancing its market position. Financially, CPH2 reported a loss of £14.4m for 2024, attributed to one-off impairments, but successfully raised £5.7m through an equity fundraise. The strategic appointment of Richard Scott as Chief Commercial Officer aims to accelerate the company’s commercial phase, with a focus on activating existing licensees and expanding the order book.
More about Clean Power Hydrogen PLC
Clean Power Hydrogen PLC (CPH2) is a UK-based company specializing in green hydrogen technology and manufacturing. The company has developed the Membrane-Free Electrolyser (MFE), a proprietary technology aimed at providing a modular, cost-effective, and scalable solution for hydrogen production. CPH2 is listed on the AIM market under the ticker LON:CPH2 and focuses on delivering the lowest levelized cost of hydrogen (LCOH) in the market.
YTD Price Performance: -19.58%
Average Trading Volume: 176,215
Technical Sentiment Signal: Buy
For detailed information about CPH2 stock, go to TipRanks’ Stock Analysis page.