Clean Power Hydrogen (CPH2), a green hydrogen technology company based in Doncaster, has announced a fundraising drive of nearly £7 million. The initiative combines a £6.5 million share placing and subscription with a £300,000 retail offer, pending shareholder approval.
The company produces high-purity hydrogen and oxygen using its Membrane-Free Electrolyser and cryogenic separation technology. CPH2 is prioritising commercial expansion across Northern Ireland, the Republic of Ireland, and the UK, regions where governments plan to increase renewable energy to around 80 per cent of demand by 2030.
CPH2 plans to achieve more than 4GW of electrolyser production capacity. Approximately one-quarter will be manufactured in-house, with the remainder produced by licensed partners.
Proceeds from the fundraising will support working capital through the completion of the first commercial MFE220 unit, accelerate the company’s commercial pipeline, and drive sales of new products.
, a green hydrogen technology company based in Doncaster, has announced a fundraising drive of nearly £7 million.){kind=link}