CPH2 raises funds to shift strategy after electrolyser failure

Clean Power Hydrogen PLC (LON:CPH2), a UK developer of membrane-free electrolyser (MFE) technology, has raised around GBP 7.3 million (USD 9.8m/EUR 8.6m) in gross proceeds from a share sale to advance its shift toward a capital-light business model after the failure of its first commercial-scale electrolyser forced it to scrap its manufacturing plans.

Raccontata darenewablesnow.com