Clean Power Hydrogen PLC, a UK-based green hydrogen technology and manufacturing company, has announced a proposed fundraising initiative to raise £6 million. This initiative involves a placing and subscription of new ordinary shares at an issue price of 7.5 pence per share. In addition to the primary fundraising, existing shareholders who have not participated will have the opportunity to subscribe for additional shares through a retail offer. The company plans to use the funds for various key milestones, including deploying its MFE electrolyser units to customers like Northern Ireland Water, Lisheen H2 Energy Park Limited in Ireland, and Fabrum Solutions Limited in New Zealand. Over the next 18 months, Clean Power Hydrogen PLC aims to strengthen its commercial team and prepare for increased manufacturing capability in late 2026. The fundraising will also be subject to shareholder approval at a General Meeting scheduled for January 8, 2025, in Doncaster. The company's activities are geared towards scaling up its technology and commercial operations, marking a positive step in its development.