Clean Power Hydrogen PLC Renews Contracts with Existing Customers for Membrane-Free Electrolyser Deployment
Key Ideas
- Clean Power Hydrogen PLC has renewed contract terms with Northern Ireland Water and Fabrum Solutions Limited for the deployment of their 1MW Membrane-Free Electrolyser units.
- The contracts have been extended to 2025, with Northern Ireland Water deploying one unit in Belfast, Ireland, and Fabrum Solutions receiving two units for deployment in New Zealand.
- The successful Factory Acceptance Test of CPH2's MFE110 model validated the scalability of the electrolyser technology, leading to the expectation of generating revenues in 2025.
- The CEO expressed delight in the recommitment of existing customers, showcasing confidence in the company's MFE technology and commitment to advancing in the hydrogen industry.
Clean Power Hydrogen PLC (AIM:CPH2) has announced the renewal of contract terms with their existing customers, Northern Ireland Water and Fabrum Solutions Limited, for the deployment of their 1MW Membrane-Free Electrolyser (MFE220) units. Northern Ireland Water will host one unit in Belfast, Ireland, while Fabrum Solutions will deploy two units in New Zealand. The CEO, Jon Duffy, expressed satisfaction in the customers' recommitment, highlighting the confidence shown in their MFE technology. With contracts extended to 2025, the company is set to enter a commercial phase after the successful Factory Acceptance Test of the MFE110 model. This milestone not only confirmed customer acceptance but also validated the scalability of their 'IP protected' electrolyser technology. Clean Power Hydrogen PLC anticipates generating revenues in 2025 through these projects, marking a significant step in their journey towards delivering a robust commercial product for the hydrogen industry.
Topics
Oceania
Revenue Generation
Renewed Contracts
Customer Confidence
Commercialisation Phase
Membrane-free Electrolyser
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