Doncaster based green hydrogen technology and manufacturing company Clean Power Hydrogen (CPH2) has hailed "a year of further progress".
Credit: CPH2
The listed company said "solid progress" had been made towards the commercial roll out of its Membrane-Free Electrolyser (MFE) technology, supported by a revamped engineering team.
During the year, Doncaster-based CPH2 entered into a ten-year licensing agreement with Fabrum Solutions Ltd, a New Zealand based advanced technology developer and manufacturer, with non-exclusive rights to manufacture and sell membrane-free electrolysers in New Zealand and Australia.
It added that it was in advanced discussions with several potential partners for both new licences and orders.
A £2.8m investment was made in research and design in the 12 months to December 2023.
A pre-tax loss of £4.13m for the year ending 31 December 2023, compared to £3.62m the previous year.
Jon Duffy, CPH2 chief executive, said: "2023 has been a year of further progress for CPH2, both operationally and technically. Our focus has centered on developing our unique technology for commercialisation, ensuring safety and scalability through rigorous testing of the MFE110.
"The successful running of the entire MFE110 system, producing separated hydrogen and oxygen gases, stands as a key milestone for CPH2, proving our differentiated technology works at scale.
"I would like to thank our shareholders who have been patient and supportive as we approach the final stages of testing. I firmly believe that our methodical and focused approach to ensuring the technology is both safe and scalable means that we are well positioned to take meaningful strides once commercialisation is achieved.
"Collaborating closely with our licence partners and customers, this year marks another encouraging step toward our ambitious goal of achieving 4GW of annual production by the end of 2030."
Doncaster is leading the way in the South Yorkshire Mayoral Combined Authority drive for carbon neutrality by 2040, a full 10 years ahead of the national target.
There is a clear link between clean energy and low carbon sectors and economic growth, with new jobs created in the energy and environment sector generating opportunities for higher skilled and higher paid jobs for residents. Higher incomes translate into higher spending power, boosting the local economy.
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