Clean Power Hydrogen (CPH2)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 7.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 19.40p
  • 52 Week Low: 7.35p
  • Currency: UK Pounds
  • Shares Issued: 269.68m
  • Volume: 38,761
  • Market Cap: £20.90m
  • Beta: 0.91

Clean Power Hydrogen completes key testing milestone

By Josh White

Date: Wednesday 21 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Green hydrogen technology developer Clean Power Hydrogen announced the successful completion of a key milestone in its collaboration with Northern Ireland Water on Wednesday.
The AIM-traded company said it had successfully conducted a functional test of the programme logic control (PLC) of its membrane-free electrolyser (MFE110) for Northern Ireland Water.

It described the PLC as the coded programme responsible for automatically operating the MFE110, including crucial safety features such as shutdown procedures.

The achievement came after a pause in the MFE110 factory acceptance test (FAT) in November, primarily due to safety concerns related to PLC operations.

CPH said the successful completion of the PLC test was overseen by Lagan MEICA, the contractor to Northern Ireland Water, with the milestone signifying that the FAT could now progress to its final stages.

The company said the factory acceptance test was of significant importance, as it marked the first customer acceptance and validation of its scaled electrolyser technology.

"The successful test of the programme logic control allowing for fully automated operation, signifies an important part of the MFE110's journey to commercial production of hydrogen and medical grade oxygen," said chief executive officer Jon Duffy.

"While the pausing of the FAT test in November 2023 due to issues regarding the shutdown mechanism were disappointing, I am extremely proud of the team for re-evaluating the important safety shut down measures, and successfully finding a solution which has put us back on track to completing the MFE110 for our customers in the very near-term future."

At 1106 GMT, shares in Clean Power Hydrogen were down 1.21% at 8.15p.

Reporting by Josh White for Sharecast.com.

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CPH2 Market Data

Currency UK Pounds
Share Price 7.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 19.40p
52 Week Low 7.35p
Volume 38,761
Shares Issued 269.68m
Market Cap £20.90m
Beta 0.91

CPH2 Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.68% above the market average14.68% above the market average14.68% above the market average14.68% above the market average14.68% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Price Trend
84.22% below the market average84.22% below the market average84.22% below the market average84.22% below the market average84.22% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average
Income Not Available
Growth Not Available

CPH2 Dividends

No dividends found

Trades for 22-Nov-2024

Time Volume / Share Price
15:16 3,190 @ 7.65p
14:35 750 @ 8.00p
14:35 250 @ 8.00p
14:35 41 @ 8.00p
14:35 15 @ 8.00p

CPH2 Key Personnel

CEO Jonathan (Jon) Richard Duffy
CFO James Hobson

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