BPH Energy Limited (ASX: BPH) recently released its Quarterly Activities and Cash Flow Report, highlighting its investment in hydrogen technology company Clean Hydrogen Technologies Corporation. BPH, along with its investee Advent Energy Ltd, acquired a 10% interest in Clean Hydrogen for US$1 million, with plans to potentially increase this stake by investing a further US$1 million. The company also issued a Loan Conversion Agreement to convert a loan of US$950,000 into additional shares in Clean Hydrogen. ASX exercised its discretion under Listing Rule 10.1 regarding debt forgiveness between BPH, Advent, and Clean Hydrogen, requiring shareholder approval for the Loan Conversion Agreement. Despite not increasing its shareholding in Advent due to the forgiveness of debt, BPH must seek approval for the transaction. Additionally, Clean Hydrogen issued share options to BPH and Advent, enabling BPH to exercise 24 options during the quarter. The investment in Clean Hydrogen is intended to support the development of hydrogen production technology. The companies aim to design, build, and test a hydrogen reactor capable of producing between 3.2kgs to 15kgs of hydrogen per hour. They also plan to submit new patents related to hydrogen production technology. Furthermore, BPH Energy announced a Placement to raise $1 million, with the funds allocated for oil and gas exploration, working capital, and investment in Cortical Dynamics. The Placement offer included fully paid ordinary shares at a discounted price and listed options for the Joint Lead Managers. The company continues to focus on its investments in clean hydrogen technologies and other strategic ventures.