Clean Power Hydrogen PLC Achieves Milestone with MFE110 Electrolyser Test
Key Ideas
- Clean Power Hydrogen PLC's shares surged over 45% following the successful Factory Acceptance Test (FAT) of its MFE110 electrolyser.
- The test validated the membrane-free technology, positioning the company as a competitive player in the hydrogen market.
- Next steps involve deploying the MFE110 to Northern Ireland Water for commercial hydrogen and oxygen production, demonstrating confidence in the technology.
- CEO Jon Duffy expressed strong commitment to innovation and quality, heralding the achievement as a significant milestone in the company's journey.
Clean Power Hydrogen PLC witnessed a remarkable surge in its shares by more than 45% after announcing the successful Factory Acceptance Test (FAT) for its MFE110 electrolyser. This milestone marks a significant moment in the company's history, with CEO Jon Duffy emphasizing its importance. The test, witnessed by key stakeholders including Lagan MEICA and Arup, confirmed the operational performance of the system, showcasing its ability to produce hydrogen and oxygen at specified commercial standards. CPH2 highlighted the competitiveness of its membrane-free technology, signaling a positive advancement in the hydrogen sector. The next phase involves deploying the MFE110 to Northern Ireland Water for installation and commissioning, heralding the beginning of commercial hydrogen and oxygen production. CEO Jon Duffy expressed confidence in the technology's capabilities and affirmed the company's commitment to innovation, quality, and safety. This achievement not only solidifies the company's position in the market but also paves the way for future commercial roll-outs and developments.