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Clean Power Hydrogen PLC ( (GB:CPH2) ) has shared an announcement.
Clean Power Hydrogen PLC has announced plans to raise £6 million through a placing and subscription of new ordinary shares, alongside a retail offer to raise an additional £0.3 million. The funds will support the company’s strategic initiatives, including the deployment of its MFE110 electrolyser, design finalization of the MFE220 unit, and preparation for increased manufacturing capacity by 2026. The company aims to achieve key milestones and explore further investment opportunities to bolster its commercialisation efforts.
More about Clean Power Hydrogen PLC
Clean Power Hydrogen PLC (CPH2) is a UK-based green hydrogen technology and manufacturing company known for its innovative Membrane-Free Electrolyser (MFE). The company focuses on advancing hydrogen technology and expanding its market presence through strategic deployments and collaborations.
YTD Price Performance: -35.23%
Average Trading Volume: 532,261
Technical Sentiment Consensus Rating: Buy
See more insights into CPH2 stock on TipRanks’ Stock Analysis page.
