Clean Power Hydrogen LON:CPH2, the AIM-listed, Doncaster-based renewable energy company earlier this week announced that it had successfully completed Level One of the Site Acceptance Test for its MFE110 electrolyser at Northern Ireland Water’s Belfast site. This milestone marks the first of three testing phases required before the electrolyser becomes fully-operational.
As previously reported, Clean Power manufactures a unique membrane-free electrolyser for green hydrogen production, its MFE110 electrolyser, as well as its MFE220 1MW membrane and at the end of last year had overcome a licencing dispute with Norway’s Alternus Energy Group [OSL:ALT].
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Since then, Clean Power has been working with a range of new partners as it rolls out the commercialisation of MFE110. Part of this process has been going through the process of testing its equipment ready for installation.
The MFE110 electrolyser underwent a successful Factory Acceptance Test last September at CPH2’s test site, where it continued running for additional testing and data collection. It was then decommissioned, shipped in December, and installed at Northern Ireland Water’s water treatment facility.
Important step for commercial roll-out
Getting its equipment installed and working at clients’ premises is a key part of the commercial roll-out, and the successful site acceptance test is a significant milestone in the process. The test verified that the electrolyser’s mechanical and electrical components are installed correctly, aligned with technical documentation, and compliant with safety standards.
With Level One completed, the project now moves to Level Two site acceptance test, which focuses on testing the electrolyser’s functionality and electrical systems. This stage includes verifying the performance of Programmable Logic Control functions to ensure the system operates correctly within its specified parameters.
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The final stage, Level Three SAT, is expected to be completed in the first half of 2025. This will mark a significant achievement as it will be the first time Clean Power’s scaled membrane-free electrolyser technology is fully functional at a customer site.
Jon Duffy, Clean Power Hydrogen’s chief executive said: “Successfully completing Level One SAT is an important first step toward achieving hydrogen and oxygen production using our MFE technology. We look forward to progressing through the next phases and reaching full operational capability – an exciting milestone for both CPH2 and Northern Ireland Water.”
Clean Power Hydrogen building-up the balance sheet
As the year ended, Clean Power Hydrogen raised £6.1m through a share placing in December, the proceeds of which were used to progress the shipping, installation and commissioning of the MFE110 installation with Northern Ireland Water.
The remaining capital was deployed on the design and optimisation of the larger MFE220 unit. Having successfully completed the Factory Acceptance Test and SAT for its MFE110 unit, the company is now focused on achieving the same milestone for the first commercial MFE220 unit. Clean Power issued 81.4 million new shares at 7.5p each, representing 22.9% of its existing ordinary shares
As well as the contract with Northern Ireland Water, Clean Power has orders for four MFE220 units, with one unit to be deployed to Belfast for Northern Ireland Water, two further units to Fabrum Solutions Limited in New Zealand and one unit to Lisheen H2 Energy Park Limited in Ireland. In addition, the company has licence agreements in place with Fabrum, Hidrigin and Kenera Energy Solutions, a business unit within leading drilling, engineering and technology company, KCA Deutag, which will enable Clean Power to rapidly scale up to meet demand for its MFE technology across multiple geographies.
The company’s shares opened the week at 7.3p, down from 12.65p this time last year. However, with a glut of orders on the horizon, it won’t be too long until the South Yorkshire company’s shares start moving in the right direction, and as such it Clean Power becomes ‘One to Watch.’
