Clean Power Hydrogen PLC Renews Contracts and Advances Commercialization Plans for Membrane-Free Electrolyser Technology
Key Ideas
  • Clean Power Hydrogen PLC, a company based in Doncaster, England, has renewed its contracts with Northern Ireland Water and Fabrum Solutions Ltd for its MFE220 electrolyser, resetting completion dates to 2025.
  • The successful acceptance test of the MFE110 has validated the group's electrolyser technology, showcasing customer acceptance and paving the way for commercialization.
  • CEO Jon Duffy highlights the company's commitment to growth in the hydrogen industry, with plans to generate its first revenue in 2025, expand the commercial pipeline, and activate licensees for market growth.
  • Despite a 1.7% decrease in stock price in London, the company is focused on delivering a robust commercial product and positioning itself for industry readiness in the hydrogen sector.
Clean Power Hydrogen PLC, a green hydrogen technology and manufacturing company based in Doncaster, England, has announced the renewal of its contracts with Northern Ireland Water and Fabrum Solutions Ltd. These contracts are for the provision of the company's flagship 1MW membrane-free electrolyser, the MFE220. As a result of this renewal, the completion dates for three MFE220 units under contract have been rescheduled to 2025. This decision follows the successful factory acceptance test of the MFE110, which confirmed customer acceptance and validation of Clean Power Hydrogen's electrolyser technology. CEO Jon Duffy expressed optimism about the company's future, stating, 'As we move into the commercialization phase, the continued interest from our customers supports our commitment to advancing the next phase of growth to deliver a robust, industry-ready commercial product for the hydrogen industry.' The company aims to achieve its first revenue in 2025, engage licensees to drive further market expansion, and enhance its commercial pipeline. Despite a slight decline of 1.7% in stock price to 8.75 pence in London on a Tuesday afternoon, Clean Power Hydrogen PLC remains focused on its strategic goals. The company is positioned to capitalize on the growing opportunities in the hydrogen sector by developing and offering innovative membrane-free electrolyser technology. With a vision for industry advancement and readiness, the company is actively working towards establishing a strong foothold in the market.
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