Clean Power Hydrogen (AIM:CPH2), the AIM-listed hydrogen and oxygen production technology company, has been restored to trading following progress on a fundraising that is intended to reorient the business around a capital-light model.
Net proceeds from the raise are expected to provide sufficient working capital for at least 12 months through to June 2027, with the company pivoting away from direct capital deployment toward strategic partnerships, manufacturing agreements and global licensing of its proprietary electrolysis technology.
The shift marks a meaningful strategic reset for CPH2, which holds global patents in hydrogen and oxygen production and has focused its development on delivering what it describes as the lowest lifetime levelised cost of hydrogen (LCOH) for decentralised and alternative energy markets.
Completion remains subject to the finalisation of remaining elements of the fundraising, with Richard Scott, named as Chief Executive Officer Elect, and Chief Financial Officer James Hobson leading the company through the transition.
