Clean Power Hydrogen hits over 1-month high as co signs pact with GHFG

Alternus Energy

19/07/2022 09:36

** Shares of Clean Power Hydrogen  CPH2.L  up 5.4% at 39
pence, their highest since June 14
    ** The UK-based green hydrogen technology and manufacturing
company signs its first licence agreement with GHFG Ltd 
 urn:newsml:reuters.com:*:nTUC1bjVBQ
    ** GHFG is a joint venture between international renewable
power producer Alternus Energy Group Plc and Eric Whelan, the
CEO of Ireland-based Soleirtricity 
    ** The deal for construction of 2 gigawatts of Membrane-Free
Electrolyser (MFE) over a period of up to 20 years
    ** The licensing of the CPH2 proprietary technology offers
the company the potential to significantly increase revenue in
the short term without the need for additional capital
expenditure - co says
    ** Shares mark biggest intraday pct gain since March 1
    ** Since listing in Feb, shares down nearly 31% as of last
close
    

 (Reporting by Anchal Rana)
 ((Anchal.Rana@thomsonreuters.com;))