Longspur Clean Energy - Clean Power Hydrogen - Move to New Model Underway
Research on Clean Power Hydrogen PLC (CPH2:LON) from Longspur Clean Energy
Following the move to focus on a capital light business model, CPH2 has signed a term sheet to unlock capital and create a strategic manufacturing partnership targeting high purity hydrogen production in Europe and North America. Partner Hidrigin and engineering partner, Jones Engineering, will negotiate an exclusive agreement and Hidrigin will subscribe for a £750,000 convertible loan note, subject to CPH2 successfully completing an equity raise of £3m. If successful, the move will allow CPH2 to move towards a lower cost development model.
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