REG - Molecular Energies - Agreement signed between G-Mobility and CPH2

Molecular EnergiesAnnouncement

28/11/2023 07:00

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RNS Number : 8237U  Molecular Energies PLC  28 November 2023

28 November 2023

 

MOLECULAR ENERGIES PLC

("MEN" or the "Company")

 

Agreement signed between G-Mobility and Clean Power Hydrogen

 

Molecular Energies (AIM: MEN), the international energy company, provides an
update relating to G-Mobility and CPH2.

 

G-Mobility, a subsidiary of Green House Capital, the green division of
Molecular which is progressing a spin out and IPO notes the RNS announcement
of Clean Power Hydrogen PLC ("CPH2") made today in relation to a non-binding
framework agreement having been signed between G-Mobility and CPH2.

 

Under the non-binding framework agreement the parties will explore a licensing
arrangement for the manufacture and sale of CPH2's electrolysers in the
Mercosur trading bloc of countries in South America.

 

G-Mobility believes there is a significant market opportunity for the supply
of domestically produced electrolysers in the large Mercosur trading bloc
including Brazil, Paraguay, Uruguay and Argentina, and this agreement is
enhances the ability of G-Mobility to be a key player in this market.

 

For more information, please visit www.molecularenergiesplc.com
(http://www.molecularenergiesplc.com) or contact:

 

 

 Molecular Energies PLC                                            +44 (0)20 7016 7950

 Peter Levine, Chairman                                            info@molecularenergiesplc.com (mailto:info@molecularenergiesplc.com)

 Rob Shepherd, Group FD

 Cavendish Capital Markets Limited (Nominated Advisor and Broker)  +44 (0)20 7220 0500

 Simon Hicks, George Dollemore

 Tavistock (Financial PR & IR)                                     +44 (0)20 7920 3150

 Simon Hudson, Nick Elwes, Charles Baister

 

 

Notes to Editors

Molecular Energies PLC is an AIM listed company at the forefront of energy
development and has interests across the energy spectrum, from an oil and gas
project to the green and alternative energy sector.

 

The Company currently has an oil exploration asset in Paraguay. The Company
has two separate subdivisions which are focused on early-stage opportunities
in the green and/or alternative energy sub-sector.

 

Activities in the green and alternative energy space are being carried out
direct through Molecular and under the Green House Capital brand and through
AIM listed Atome Energy PLC, a green hydrogen, ammonia, and fertiliser company
operating in Paraguay, Costa Rica and Iceland, in which Molecular currently
has 20.5%.

 

With a strong strategic and institutional base of support, no third-party
financial debt and a Chairman whose interests as the largest shareholder are
aligned to those of its shareholders, Molecular gives UK investors access to
an energy growth story combined with world class standards of corporate
governance, environmental and social responsibility.

 

 

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