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 completes key testing milestone

(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.

Share this article

Related Sharecast Articles

Apollo to buy IGT Gaming and Everi in $6.3bn deal
(Sharecast News) - Apollo Global Management has agreed to buy International Game Technology's gaming and digital business - IGT Gaming - and gambling machines firm Everi Holdings in a $6.3bn cash deal.
3M comfortably beats expectations for Q2 revenue, earnings
(Sharecast News) - American industrial conglomerate 3M announced a strong set of second-quarter results on Friday, comfortably beating market expectations as it narrowed its guidance for the full-year towards the top end of its previous expectations.
Law Debenture delivers 'solid' overall first-half performance
(Sharecast News) - Law Debenture Corporation reported a robust first-half performance in both its investment and independent professional services (IPS) business on Friday.
GCP Infrastructure reports slight decrease in NAV per share
(Sharecast News) - GCP Infrastructure Investments said in an update on Friday that its unaudited net asset value per share was 107.58p as at 30 June, a slight decrease from 107.62p at the end of March.

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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.