Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Clean Power Hydrogen activates licensed partnership with Hidrigin

(Sharecast News) - Clean Power Hydrogen (CPH2) announced on Monday that it has activated its first licensed manufacturing partnership through the submission of a full manufacturing and design licence package to Irish renewable energy firm Hidrigin. The AIM-traded firm said the licence package would enable Hidrigin and its appointed partner, Jones Engineering, to begin preparations for production of CPH2's MFE220 electrolysers in Ireland.

It said the agreement was part of a 20-year, 2GW licence covering deployment of MFE units across Hidrigin's solar and wind projects.

"Activating our first licensee through the submission of this licence package to Hidrigin is a pivotal step in our commercialisation strategy," said Jon Duffy, chief executive officer of CPH2.

"Our licensing model allows us to scale quickly and efficiently while leveraging the strengths of local partners."

The submission included detailed process, mechanical, electrical and safety designs, a full bill of materials, and 3D layouts of the electrolyser and sub-assemblies.

Hidrigin expected to start construction in the fourth quarter of 2025, with the first electrolysers ready for deployment in 2026.

"Receiving the licence package from CPH2 is a major milestone in our mission to deliver green hydrogen," commented Eric Whelan, CEO of Hidrigin.

"The technical depth and clarity of the materials give us full confidence as we begin preparations with our partners at Jones Engineering."

CPH2 said the move advanced its capital-light strategy by enabling manufacturing through third-party licensees, rather than direct investment in production facilities.

The company said it expected further progress with additional partners over the rest of 2025.

At 1126 BST, shares in Clean Power Hydrogen were up 4.34% at 6p.

Reporting by Josh White for Sharecast.com.

Share this article

Related Sharecast Articles

Clean Power Hydrogen says hydrolyser damage too severe to repair
(Sharecast News) - Clean Power Hydrogen said on Friday that it had suspended work on factory acceptance testing for its MFE220 1MW electrolyser after concluding that damage from a recent test-site incident was too severe to repair and that the unit would require substantial redesign.
CleanTech raises £4.77m to support Laguna Verde work
(Sharecast News) - CleanTech Lithium said on Friday that it had conditionally raised gross proceeds of about £4.77m through a placing to support work at its Laguna Verde lithium project in Chile and provide working capital while it selects a strategic partner.
Canaccord Genuity encouraged by B&M's turnaround, stays at 'buy'
(Sharecast News) - Canaccord Genuity has reiterated its 'buy' rating for B&M European Value Retail, saying it was encouraging by this week's annual results which showed the discount retailer's turnaround plan was "gaining traction".
Crest Nicholson lenders hire A&M for help with restructuring - report
(Sharecast News) - Lenders to housebuilder Crest Nicholson have reportedly hired a leading team of restructuring experts for crucial talks aimed at easing pressure on its balance sheet.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.