Clean Power Hydrogen plc (CPH2), a UK-based green hydrogen technology and manufacturing company, announced a proposed £6 million fundraising through a placing and subscription of new ordinary shares. This fundraising includes a retail offer to existing shareholders to raise additional funds. The company's focus in the short term includes deploying electrolyser units to customers in Northern Ireland, Ireland, and New Zealand, along with strengthening its commercial team and licensee network. The net proceeds from the fundraising will support key milestones like the operation of scaled MFE technology at customer sites, working capital needs, and preparation for future manufacturing scale-up in late 2026. CPH2 aims to enhance its manufacturing capability in the coming years as it progresses along the commercialization pathway. The fundraising is expected to be conditional on shareholder approval at a General Meeting scheduled for early January 2025 in Doncaster. The company plans to list the new shares on the London Stock Exchange's AIM market, with expected commencement of trading in January 2025.