Business
Investment in ATOME Energy plc
Investment in ATOME Energy plc.
About this update from Clean Power Hydrogen Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n \n \n \n \n \n \n \n 12 December 2022\n \n \n \n \n \n \n \n \n \n Clean Power Hydrogen Plc\n \n \n \n \n (\"CPH2\", the \"Company\" or the \"Group\")\n \n \n \n \n \n \n \n \n \n Investment in ATOME Energy plc to accelerate roll out of MFE220 and MFE440 electrolysers across South America\n \n \n \n \n \n \n CPH2, the UK-based green hydrogen technology and manufacturing company that has developed the IP-protected Membrane-Free Electrolyser (\"MFE\"), is pleased to announce that the Company has subscribed for 1,412,429 new Ordinary Shares in ATOME Energy plc (\"ATOME\") at a price of 106.2 pence per share for a total investment of £1.5m as part of ATOME's placing announced today. The subscription will be settled out of the Company's existing cash resources.\n \n \n \n \n \n In March 2022, CPH2 and ATOME entered into a purchase order for the sale of a 1MW MFE220 electrolyser to be deployed in ATOME's Paraguay mobility project. The two companies also\n entered into a non-binding collaboration agreement in respect of potential future orders of electrolyser units for ATOME's international hydrogen and ammonia projects, and to investigate and discuss a potential joint venture for the future production of electrolysers in-country to serve the Latin American market using CPH2's technology and know-how. \n \n \n \n \n \n Today's investment in ATOME accelerates both ATOME's and CPH2's roll out of green hydrogen electrolysers across South America and is a\n demonstration of CPH2's commitment to ATOME's Mobility Division, which is expected to be the first commercial production of hydrogen for transport in Paraguay when it commences next year.\n \n \n \n \n \n ATOME, a fellow Yorkshire headquartered company, which listed on the AIM market of the London Stock Exchange in 2021, is an international company focused on green hydrogen and ammonia production with advanced plans for up to 500MW of projects loca...