Clean Power Hydrogen (CPH2), a UK-based developer of a unique membrane-free electrolyser, has received over £2.5m from angel investors in two funding rounds.
The funding was arranged by West Hill Capital and will help to accelerate the company’s development.
Commenting on the new capital, Clive Brook, Chairman of CPH2 said, “We are very pleased with the fund-raising undertaken by West Hill, and given the early stage in our development, this is a very satisfactory outcome created a springboard from which we can make substantial progress towards the full commercialisation of our unique, patented processes.”
On top of the funding completion, CPH2 also announced that it has appointed Andy King as its new CEO to help drive company growth.
“My responsibility as CEO is to bring CPH2’s patented next generation of membrane-free electrolysers to the wider market for the benefit of all stakeholders; our shareholders and inhabitants of a brighter future global environment,” King said.
“Adoption of this safe, simple and cost-effective method of producing hydrogen, use renewable power, will accelerate progress to become carbon-free by 2050.”