Clean Power Hydrogen PLC Renews Contracts for Membrane-Free Electrolyser Units
Key Ideas
- Clean Power Hydrogen PLC renews contract terms with existing customers in Northern Ireland and New Zealand for the supply of its innovative Membrane-Free Electrolyser units.
- Northern Ireland Water will deploy one unit in Belfast, while Fabrum Solutions Limited will receive two units for deployment in New Zealand.
- The successful Factory Acceptance Test of CPH2’s MFE110 model confirmed customer acceptance and scalability, paving the way for commercialization and revenue generation expected to start in 2025.
- Chief executive Jon Duffy expressed satisfaction with the customer recommitment, highlighting the confidence in the company’s technology and its potential in the hydrogen industry.
Clean Power Hydrogen PLC (AIM:CPH2) has announced the renewal of contract terms with its existing customers, Northern Ireland Water and Fabrum Solutions Limited, for the supply of their Membrane-Free Electrolyser units. Northern Ireland Water will deploy one MFE220 unit in Belfast, Ireland, while Fabrum Solutions will receive two units for deployment in New Zealand. The UK-based company extended the completion dates for these contracts to 2025. The successful Factory Acceptance Test of the MFE110 model has validated the technology's scalability and customer acceptance, leading to a new commercial phase for CPH2. The company expects to start generating revenues in 2025 through these projects. CEO Jon Duffy expressed his delight in the customer recommitment, emphasizing the confidence displayed in their innovative technology and its potential for the hydrogen industry.