Clean Power Hydrogen outlines growth plans as it plans £6m fundraiser
Clean Power Hydrogen PLC (AIM:CPH2) has unveiled plans to raise at least £6 million through a share offering to support its operational and strategic goals.
Specifically, the new funds will enable the company to advance the development of its Membrane-Free Electrolyser (MFE) technology and achieve key milestones.
The company recently passed a major factory acceptance test for its MFE110 unit, which validated its technology with its first customer.
CPH2 is now focused on commercialising the larger MFE220 unit, with the first deployments scheduled for Northern Ireland Water, New Zealand’s Fabrum Solutions, and Ireland’s Hidrigin.
Contracts for these units are already in place, alongside licence agreements with key partners to accelerate global scalability.
Proceeds from the fundraising will bankroll the shipping, installation, and commissioning of the MFE110 unit, as well as the completion of MFE220 design and deployment.
They will also support CPH2’s growth strategy, which includes activating existing licence agreements and preparing for manufacturing scale-up by late 2026.
CPH2 aims to build a flexible, capital-efficient business model that balances in-house manufacturing with external partnerships to drive sustainable growth and shareholder value.
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Clean Power Hydrogen outlines growth plans as it plans £6m fundraiser, source
