REG - Clean Power Hydrogen - Company Update

Clean Power HydrogenAnnouncement

02/11/2023 07:16

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RNS Number : 1169S  Clean Power Hydrogen  02 November 2023

 

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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
 Neil McDonald                                  +44 (0)131 220 9771
 Peter Lynch                                    +44 (0)131 220 9772
 Adam Rae                                       +44 (0)131 220 9778

 Camarco PR                                     + 44(0) 20 3757 4980
 Billy Clegg
 Owen Roberts
 Lily Pettifar

 

To find out more, please visit: https://www.cph2.com (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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