Clean Power Hydrogen PLC - Doncaster, England-based green hydrogen technology and manufacturing company - Renews the terms of its contracts with Belfast-based Northern Ireland Water and New-Zealand-based Fabrum Solutions Ltd for the provision of its flagship 1MW membrane-free electrolyser, the MFE220. The completion dates for three MFE220s under contract have therefore been reset to 2025.
This follows the successful factory acceptance test of the MFE110, which confirmed customer acceptance and validation of the group’s electrolyser technology. Chief Executive Officer Jon Duffy says: ‘As we move into the commercialisation 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 group will focus on generating its first revenue in 2025, activating licensees to facilitate further market growth, and expanding its commercial pipeline.
Current stock price: 8.75 pence, down 1.7% in London on Tuesday afternoon
12-month change: down 51%
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