Clean Power Hydrogen PLC Expands Global Reach Through Licensing Agreement in Ireland
Key Ideas
- Clean Power Hydrogen PLC secures a two-gigawatt license deal with Hidrigin in the Republic of Ireland, focusing on local production of electrolysers for green hydrogen.
- The company's unique technology and licensing approach allow for efficient local manufacturing of electrolysers, aiming to utilize renewable energy sources effectively.
- Hidrigin plans to convert Ireland's curtailed wind power into green hydrogen using Clean Power Hydrogen's electrolysers, marking the beginning of a series of similar commercial deals.
- Successful factory tests and licensing agreements position Clean Power Hydrogen PLC to expand globally and provide tangible, trustworthy green hydrogen technology solutions.
Clean Power Hydrogen PLC, under the leadership of CEO Jonathan Duffy, has recently announced a significant license agreement with Hidrigin in the Republic of Ireland. The agreement entails the production of two gigawatts of electrolysers, with the first unit being supplied by Clean Power Hydrogen to initiate the manufacturing process locally. Unlike traditional manufacturing methods, this licensing approach allows for the efficient production of electrolysers near their intended usage locations, promoting overall effectiveness. Hidrigin, the Irish company involved, plans to integrate the electrolysers with their solar and wind assets to produce green hydrogen, utilizing the MFE220 unit provided by Clean Power Hydrogen. The multi-year contract is expected to boost revenue for Clean Power Hydrogen PLC and sets the stage for more similar agreements in the future, leveraging the successful testing of their technology. With a focus on global expansion through licensing, the company aims to showcase the viability and reliability of their green hydrogen technology to meet the growing demand in the market.