Clean Power Hydrogen PLC, traded on AIM under CPH2, has secured £6.1 million through a placement and share subscription of 81.4 million new shares priced at 7.5p each. This funding aims to support the development and commercialization of the firm's Membrane-Free Electrolyser (MFE) technology. Jon Duffy, the chief executive, expressed satisfaction with the additional funding as it will enable the company to advance to the next phase of development, specifically targeting the full commercialization of their flagship MFE220 unit and the generation of initial revenues by 2025. The recent successful Factory Acceptance Test of the MFE110 unit in September was a crucial milestone, signifying the first customer acceptance and validation of their scaled electrolyser technology. Duffy emphasized the confidence in their unique technology as a leading solution within the green hydrogen industry. The funding is subject to shareholder approval in a general meeting scheduled for 8 January 2025, underlining the company's commitment to transparent governance and stakeholder involvement.