ATOME PLC Positioned for Success in Green Hydrogen and Fertiliser Market
Key Ideas
- ATOME PLC, a green hydrogen and fertiliser development company, is set to achieve milestones to de-risk its plans and attract investors.
- The company raised funds to progress its Villeta project towards final investment decision and begin activities at the Yguazu project.
- ATOME aims to start on-site work by the end of 2024 in Paraguay, focusing on selecting an EPC contractor and confirming offtake agreements.
- The company is expected to deliver valuation catalysts that de-risk the Villeta development, leading to market confidence and potential share price growth.
As the International Energy Agency (IEA) projects exponential growth in the use of low-emissions hydrogen, ATOME PLC is strategically positioning itself for success in the green hydrogen and fertiliser market. The company, the only international green hydrogen and fertiliser development firm on the London Stock Exchange, is attracting investor interest with its near-term milestones. ATOME recently secured £2.65 million in funding to advance its 145MW Villeta project towards final investment decision and initiate pre-FEED activities at the 300MW Yguazu project. The company is receiving substantial interest in both equity and debt financing for its projects, with plans to start on-site work in Paraguay by the end of 2024. ATOME is focused on selecting an EPC contractor, finalizing project funding, and moving towards FID approval to commence construction. Anticipation is high for the company to achieve key milestones, de-risk its projects, and drive share price growth towards its target of 200p per share.