Clean Power Hydrogen, also known as CPH2, has successfully raised £6.1m through a share placing to support its ongoing projects. The company plans to utilize the funds for various purposes, including funding working capital requirements for the installation and commissioning of its MFE110 electrolyser unit to Northern Ireland Water. Additionally, the funds will aid in completing the design and optimization of the MFE220 electrolyser unit. Following a successful factory acceptance test of the MFE110 unit, CPH2 is now focusing on the commercialization of the MFE220 unit. CEO Jon Duffy expressed satisfaction with securing the additional funding, highlighting that it will propel the company into the next phase of development, ultimately targeting the full commercialization of the MFE220 unit and aiming to generate revenues by 2025. Despite a slight decrease in shares post-announcement, the sentiment remains positive regarding Clean Power Hydrogen's future prospects.