BPH Energy Limited Invests in Clean Hydrogen Technologies Corporation
Key Ideas
  • BPH Energy Limited and Advent Energy Ltd acquired a 10% interest in Clean Hydrogen for US$1,000,000, with plans for potential further investment.
  • BPH's interest in Clean Hydrogen now stands at 15.6% while Advent's interest is at 3.9%.
  • The investment aims to support Clean Hydrogen in developing a reactor to produce hydrogen and submit new patents related to hydrogen production technology.
  • BPH also raised $1 million through a Placement to fund oil and gas investments and working capital, contributing to its strategic growth initiatives.
BPH Energy Limited announced that it has successfully acquired a 10% interest in Clean Hydrogen Technologies Corporation for US$1,000,000, with potential plans for further investment. BPH and Advent Energy Ltd, acting as the Purchasers, settled the acquisition agreement with Clean Hydrogen, enabling BPH to hold a 15.6% interest and Advent a 3.9% interest in Clean Hydrogen. The investment aims to support Clean Hydrogen in developing a reactor capable of producing hydrogen and filing new patents in the hydrogen production sector. BPH exercised share options issued by Clean Hydrogen, further strengthening the partnership. Additionally, BPH raised $1 million through a Placement to fund oil and gas investments and provide working capital for its operations. The Company's strategic activities reflect its commitment to growth and innovation in the energy sector.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.