Clean Power Hydrogen Renews Contracts for Membrane-Free Electrolyser Supply
Key Ideas
- Clean Power Hydrogen PLC renews contract terms with Northern Ireland Water and Fabrum Solutions Limited for the supply of Membrane-Free Electrolyser.
- Northern Ireland Water to deploy one unit in Belfast, Ireland, while Fabrum Solutions Limited to receive two units for deployment in New Zealand.
- Customers' recommitment showcases confidence in CPH2's technology, paving the way for commercial growth and revenue generation by 2025.
- Successful Factory Acceptance Test of MFE110 model validates scalability of the electrolyser technology, marking the company's transition into a new commercial phase.
Clean Power Hydrogen PLC has announced the renewal of contract terms with its customers Northern Ireland Water and Fabrum Solutions Limited for the supply of its 1MW Membrane-Free Electrolyser (MFE220). One unit will be deployed in Belfast, Ireland, while two units will be sent to New Zealand. Chief executive Jon Duffy expressed delight in the recommitment of existing customers, highlighting their confidence in the MFE technology. The completion dates for the contracts have been extended to 2025, aligning with the company's goal of commercializing its products. The recent Factory Acceptance Test of the MFE110 model further solidified customer acceptance and scalability of the electrolyser technology, setting the stage for Clean Power Hydrogen to generate its first revenues in 2025 through these projects.
Topics
Investing
Revenue Generation
Renewed Contracts
MFE Technology
Customer Confidence
Commercialisation Phase
Latest News