Clean Power Hydrogen Plc · LSE:CPH2
Clean Power Hydrogen — Investor Presentation (November 2024)
22 slides from Clean Power Hydrogen's investor presentation, Nov 25, 2024
Slide 1: Clean Power Hydrogen Plc Investor presentation
CLEAN POWER HYDROGEN PLC Investor presentation © 2023 Clean Power© Hydrogen www.cph2.com LON:CPH2 2024 Clean Power 25 November 2024 GroupHydrogen Limitedplc
Slide 2: Disclaimer
Disclaimer The information contained in this document (the “Presentation”) has been prepared and distributed by Clean Power Hydrogen plc (the “Company”). It has not been fully verified and is subject to material updating, completion, revision, verification and further amendment. While the informatio
Slide 3: Investment Case
Investment Case • Creators and owners of Membrane-Free ElectrolyserTM Unique Business Proposition technology IP from 14 years of research and development • Strong patent protection with 6 patent families Income through: • Distinct competitive advantages in technology • Direct sales • Major addre
Slide 4: Scale of market opportunity
Scale of market opportunity 130 to 345 GW “AMcKinsey, massive scale-up is underway. According to an estimated 130 to 345 gigawatts of electrolyser capacity needed to meet demand by 2030 (GW) of electrolyser capacity will be necessary to meet the green hydrogen demand by 2030, with 246 GW of this cap
Slide 5: Strong drivers for the Future Market
Strong drivers for the Future Market Hydrogen economy starting to crystalise 1,500 MW 875 MW MW MW 125 MW HAR 1 HAR 2 MW HAR 3 & 4 2023 2025 2026/2027 © 2023 Clean Power© Hydrogen Energy Storage | Transport | Government Investment Stronger prospects EU enabling supply in hydrogen has begun 2024 Clea
Slide 6: CPH2 MFE Technology A Unique Proposition
CPH2 MFE Technology A Unique Proposition • Creators of the patented Membrane Free Technology • Separation of gases through cryogenics • Modular design is scalable • Designed to connect to renewable power at varying loads • High grade oxygen as byproduct © 2023 Clean Power© Hydrogen Membrane free sta
Slide 7: MFE Technology, how it works
MFE Technology, how it works MFE220 Oxygen Oxygen output up to gas 3600kgs/day Dry Mixed Gas Feed Purity Meter Water Mixed Gas Feed Oxygen and hydrogen are separated from the mixed gas at 70 kelvin The cold hydrogen gas, liquid Dryer Dryer (approx. -200°C). At such cold temperatures, oxygen and inco
Slide 8: Competitor Challenges | Established electrolyser technologies
Competitor Challenges | Established electrolyser technologies Problems in meeting industry demand due to fundamental problems in technologies Alkaline Water Electrolysis Constant power source Not suitable for solar, wind (green) (AWE) required energy Challenges with reliability Requires platinum gro
Slide 9: Our MFE Technology is well positioned for the market
Our MFE Technology is well positioned for the market Technology is scalable Reduced customer OPEX • Modular design is scalable • No degradation from a membrane • 1MW systems is the market entry point improving reliability • Cheaper replaceable stacks Oxygen as a by product Reduced stack costs O © 20
Slide 10: Journey from IPO
Journey from IPO Enhanced Senior Updated stack Third party Input Management design and Validation © 2023 Clean Power© Hydrogen New electrical, Revamped Full safety review function, and 2024 Clean Power Engineering Team and controls control logic 10 GroupHydrogen Limitedplc
Slide 11: MFE Technology | Proven at scale
MFE Technology | Proven at scale Factory Acceptance Test of the MFE110 • CPH2 achieved a successful Factory Acceptance Test (FAT) of MFE110* Demonstrator • 1st proof our unique and differentiated MFE technology can “ We are thrilled to have reached this pivotal milestone with CPH2. The MFE110 electr
Slide 12: MFE110 to MFE220
MFE110 to MFE220 Main components Stacks Manufactured in-house Separators In stock Supplier Development MFE110 MFE220 Mixed Gas Dryer agreement Heat Exchanger On order Demonstrator Cryo cooler In stock Commercial Cryostat On order 1MW unit PSU On order © 2023 Clean Power© Hydrogen Container Received
Slide 13: CPH2 Plan | Our Commercialisation Pathway
CPH2 Plan | Our Commercialisation Pathway PLAN R&D PHASE COMMERCIALITY PHASE SCALE PHASE PHASE 2026+ 2024-2026 GOAL TECHNICAL PROOF GENERATE REVENUE, REFINE COMMERCIAL BREAKEVEN TO PROFITABILITY OFFERING, PREPARE TO SCALE R&D Commercial Scale • Build & sell MFE220 • Grow customer • Scale production
Slide 14: Deliver on customer contracts
Deliver on customer contracts Solid route to market Commercial proof of ground-breaking The 1st MFE220: Pathway to 1st commercial 1MW unit MFE technology Q4 2024 Q1 2025 Q2 2025 Q3 2025 Process to completion* • Electrolysers in the field Mth1 Mth2 Mth3 Mth4 Mth5 Mth6 Mth7 Mth8 Mth9 Mth10 Mth11 Mth12
Slide 15: Activate Licensees
Activate Licensees Set up & support three existing licensees, establishing our business model Scotland, Norway, Denmark, Germany, Oman, Saudi Arabia, Ireland United Arab Emirates, Qatar, Indicative pathway to activate licensees* Kuwait and Iraq CPH2 Build & Commissioning to FAT of 1st 1MW MFE220 V1
Slide 16: Commercial readiness & preparation to scale
Commercial readiness & preparation to scale Build commercial pipeline • Operating data utilised to demonstrate competitive advantages • Build commercial team to drive customer engagement c£90m Commercial Pipeline • Business development and marketing to support near and medium-term opportunities Tech
Slide 17: New contract with Hidrigin | Electrolyser sale & 2GW licence
New contract with Hidrigin | Electrolyser sale & 2GW licence License deal Hidrigin’s business • Licence agreement to manufacture MFE electrolysers up to • Goal: to develop €500m renewable energy projects together 2GW for own-use with MFE220 electrolysers across Europe by 2030 • Electrolysers for dep
Slide 18: Summary
Summary Enormous Competitive market Advantage Up to 345GW in 6 years Technology addresses challenges faced by competition © 2023 Clean Power© Hydrogen Validated Differentiated Commercial Model Solid route to market Technology works at scale 2024 Clean Power Existing contracts Faster, leaner, more fl
Slide 19: Appendix
© 2023 Clean Power© Hydrogen Group 2024 Clean Power Limited Hydrogen plc 19 Appendix
Slide 20: Executive Board
Executive Board Christopher Train Jonathan Richard Duffy James Hobson Natalie Jayne Fortescue Rick Brent Smith Independent Non-Executive Chair Chief Executive Officer Chief Financial Officer Independent Non-Executive Director Non-Executive Director Appointed: 2022 Appointed: 2021 Appointed: 2022 App
Slide 21: Financial tables
Financial tables H1 24 H1 23 FY23 Key facts £m £m £m Revenue - - - Operating Expenses (2.8) (2.3) (2.6) Loss after tax (2.3) (1.6) (2.3) Cash* 4 13 15 © 2023 Clean Power© Hydrogen Cash used in Operating Activities (2) (1) (2) Cash from/used in Investing (2) (2) (6) 2024 Clean Power Activities* Group
Slide 22: Thank you.
© 2023 Clean Power© Hydrogen Group 2024 Clean Power Limited Hydrogen plc 22 Thank you.
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