Clean Power Hydrogen plc (CPH2), a UK-based green hydrogen technology company, has announced operational and strategic updates along with a proposed fundraising initiative. Following the successful Factory Acceptance Test of its MFE110 unit, CPH2 is moving towards commercializing its flagship MFE220 unit with the aim of generating first revenues in 2025. The company has secured contracts for the sale of four MFE220 units to customers in Northern Ireland, New Zealand, and Ireland, supported by license agreements enabling rapid scaling. The focus is on a business model that prioritizes capital efficiency and sustainable growth to optimize shareholder value. Short-term activities include deploying the initial MFE110 unit, designing the MFE220, and building units for customers. The proposed fundraising of at least £6m aims to support working capital requirements, shipping the MFE110 unit, and finalizing the MFE220 design. Expressions of interest from existing shareholders and investors have been received. The net proceeds will also strengthen the balance sheet. However, there is no certainty on the completion of the fundraising. Shareholders are advised on the potential impact on the company's working capital if alternative funding is not secured.