Clean Power Hydrogen (CPH2) has completed the site acceptance test (SAT) of its first membrane-less electrolyser and has produced pure hydrogen and oxygen at a customer site in Northern Ireland as the firm faces a critical financial juncture.
The 0.5MW MFE110 electrolyser successfully passed an automated start-up, operation, and shutdown at Northern Ireland Water’s (NIW) site in Belfast at pre-determined specifications.
Last week, the company revealed its cash reserves plummeted to £8.5m ($11.3m) in 2023 to just £300,000 ($400,450) at the end of 2024. Despite raising £5.7m ($7.6m) in January, it admitted it would need further investment or revenues in 2025 to stay afloat.
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