Clean Power Hydrogen admitted to AIM

Clean Power Hydrogen plc (CPH2) is delighted to announce that it has been admitted to the London Stock Exchange AIM market today, 16th February 2022.

Upon admission and opening of the market, Jon Duffy, CEO of CPH2 said:

“Today’s listing and over-subscribed placing, delivered in difficult stock market conditions, is an important milestone for CPH2 and will assist the rapid growth of the Group. The funds raised will further strengthen the Group’s financial position and will enable CPH2 to build out our Doncaster manufacturing operation. CPH2 has an opportunity to penetrate an extremely fast-growing hydrogen market and aims to become a globally recognised, highly profitable designer, manufacturer, and licensor of its Membrane-Free Technology, targeting 4GW production capacity by 2030, an opportunity further advanced by the move onto the public markets.”

This move now positions the Group to continue significant investment into its research and development capacity and enhance the intellectual property position whilst establishing a stock of completed units to deliver the substantial and continually growing opportunity pipeline.

Jon continued: "I am delighted that we have been awarded the London Stock Exchange’s Green Economy Mark at Admission, which recognises companies that derive 50% or more of their total annual revenues from products and services that contribute to the global green economy. I am grateful for all the hard work of our team, and I would like to thank our new and existing shareholders for their support. We are confident in our ability deliver on the opportunities ahead and I look forward to providing updates on our progress as our business develops."

Read the full RNS announcement