Clean Power Hydrogen PLC (AIM:CPH2) has successfully raised £6.1 million through a placing and share subscription of 81.4 million new shares priced at 7.5p each. The funds will be utilized to further develop and commercialize the Membrane-Free Electrolyser (MFE) technology of the company. CEO Jon Duffy expressed satisfaction with the additional funding, which will enable them to progress to the next phase of development, aiming for the full commercialization of the flagship MFE220 unit with the expectation of generating revenues by 2025. The recent success of the Factory Acceptance Test of the MFE110 unit marked an important milestone, providing validation for the scaled electrolyser technology. This achievement has strengthened the company's belief in the potential of their innovative technology to become a prominent solution within the green hydrogen industry. The funding is subject to shareholder approval at a general meeting scheduled for January 8, 2025.