Clean Power Hydrogen Resolves Legal Dispute and Forges Ahead with Innovative Technology
Key Ideas
  • Clean Power Hydrogen based in Doncaster settles a long-standing legal dispute with GHFG Limited over the licencing of its innovative Membrane-Free Electrolyser technology.
  • The company aims to deliver cost-effective and sustainable hydrogen production, focusing on commercializing the MFE110 and introducing the MFE220 through licensing agreements.
  • Despite the legal dispute, Clean Power Hydrogen is actively seeking new partnerships, including a recent agreement with Lisheen H2 Energy Park in Ireland for the supply and manufacture of electrolyser units.
  • Financially, the company reported GBP4m in cash, a GBP2.3m loss for the first half of the year, and significant investments in capex and research and development, signaling a commitment to expanding its innovative technology.
Clean Power Hydrogen, an AIM-listed renewable energy company based in Doncaster, recently resolved a legal dispute with GHFG Limited over the licensing of its Membrane-Free Electrolyser technology. The dispute, ongoing since June 2023, was settled amicably without admission of fault or damages to GHFG. Clean Power Hydrogen, led by CEO John Duffy, expressed satisfaction with the resolution and highlighted the focus on commercializing their groundbreaking technology. The company has been dedicated to developing a cost-effective and sustainable alternative to membrane-reliant hydrogen production over the past decade. Despite the setback with GHFG, Clean Power Hydrogen remains proactive in seeking new partnerships. They recently signed a license agreement with Lisheen H2 Energy Park in Ireland and renewed contracts with Northern Ireland Water and Fabrum Solutions for the supply of their flagship MFE220 Membrane-Free Electrolyser. Financially, Clean Power Hydrogen disclosed GBP4m in cash reserves and a GBP2.3m loss for the first half of the year, with significant investments in capex and research and development. The company's shares have shown fluctuations but trended upwards following the resolution of the legal dispute. Clean Power Hydrogen's market cap stands at GBP27.6m, with a focus on expanding renewable energy projects across Europe by 2030 using their innovative technology.
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