Clean Power Hydrogen Company Update (1169S)
02 November 2023 - 6:00PM
UK Regulatory
TIDMCPH2
RNS Number : 1169S
Clean Power Hydrogen
02 November 2023
The information communicated within this announcement is deemed
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2 November 2023
Clean Power Hydrogen plc
("CPH2", the "Company" or the "Group)
Company Update
Clean Power Hydrogen plc (AIM: CPH2), the UK-based green
hydrogen technology and manufacturing group that has developed the
IP-protected Membrane-Free Electrolyser ("MFE"), is pleased to
announce that following an extensive testing and commissioning
process it has run the entire MFE110 system, successfully producing
separated hydrogen and oxygen gases at its expected capacity,
witnessed by a third party customer. The creation of separated
gases marks a key milestone for the Company, proving the
differentiated technology works at scale. The MFE110 contains four
125KW stacks, the same sized stacks which will be used for the
MFE220.
At the same time, following data accumulated during the testing,
the Company announces that it has subsequently paused the MFE110
unit Factory Acceptance Test ("FAT") whilst the team re-evaluates
the MFE's power down procedures making any modifications necessary
to support improved plant shut down. Final tests will commence
following the re-evaluation and control rectification, and upon
successful completion, the MFE110 will be shipped to Northern
Ireland Water's site where it will undergo site validation,
integration and commissioning before beginning commercial
production of hydrogen and medical grade oxygen.
The Company expects the pipeline and order book to increase
significantly following the successful commercialisation and the
successful milestone marks an important step in the further scaling
up of CPH2's differentiated technology as it looks to roll out the
MFE220.
Jon Duffy, CEO of Clean Power Hydrogen commented:
"Today marks a first very important step for CPH2 - we are now
demonstrably capable of successfully producing separated hydrogen
and oxygen gases at scale utilising the Company's differentiated
technology. We are constantly evolving and improving our technology
and look forward to finalising the Factory Acceptance Testing of
the MFE110 in collaboration with our customer, which will mark the
commercialisation of our ground-breaking hydrogen technology. We
look forward to updating shareholders in due course following the
completion of the FAT testing and delivery to Northern Ireland
Water."
Alistair Jinks of NI Water commented:
"NI Water continues to believe in the potential of CPH2's
innovative electrolyser technology and recognise that significant
steps have been taken in proving its capability by running the
entire system and producing separated hydrogen and oxygen. The
opportunity to harness oxygen in treating waste water to optimise
existing assets remains a valuable prize not only for NI Water but
for the global water industry which must address its harmful
climate emissions. At the same time, it remains a priority to
demonstrate the potential to produce affordable green hydrogen to
evidence its relevance in the next phase of extending renewable
electricity generation on the island of Ireland as well as its role
in decarbonising transport where battery technology is not a
solution. It is NI Water's assessment that whilst challenges remain
in proving the logic controls and shutdown procedures, CPH2 will
address these in time to ensure delivery to Belfast in early
2024."
ENDS
For more information, please contact:
Clean Power Hydrogen plc via Camarco
Jon Duffy, Chief Executive Officer
James Hobson, Chief Financial Officer
Cavendish Securities plc - NOMAD & Broker
+44 (0)131 220
Neil McDonald 9771
+44 (0)131 220
Peter Lynch 9772
+44 (0)131 220
Adam Rae 9778
+ 44(0) 20 3757
Camarco PR 4980
Billy Clegg
Owen Roberts
Lily Pettifar
To find out more, please visit: https://www.cph2.com
Overview of CPH2
CPH2 is the holding company of Clean Power Hydrogen Group
Limited ("Clean Power") which has almost a decade of dedicated
research and product development experience. This experience has
resulted in the creation of simple, safe and sustainable technology
which is designed to deliver a modular solution to the hydrogen
production market in a cost-effective, scalable, reliable and
long-lasting manner. The Group's strategic objective is to deliver
the lowest LCOH in the market in relation to the production of
green hydrogen. The Group's MFE technology is already commercially
available and demonstrating cost efficiencies and technological
advantages. CPH2 is listed on the AIM market and trades under the
ticker LON:CPH2.
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END
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