Clean Power Hydrogen Fabrum Solutions Ltd receives order from Obayashi (1879U)
27 Março 2023 - 3:00AM
UK Regulatory
TIDMCPH2
RNS Number : 1879U
Clean Power Hydrogen
27 March 2023
27 March 2023
Clean Power Hydrogen Plc
("CPH2", the "Company" or the "Group")
Fabrum Solutions Ltd receives MF220 order from Obayashi
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 New Zealand based
Fabrum Solutions Ltd ("Fabrum"), with whom CPH2 executed a
manufacturing agreement in January 2023, has received an order from
Obayashi Corporation ("Obayashi") for the delivery of a MFE220
unit. Obayashi is a Japanese construction company listed on the
Tokyo Stock Exchange and part of the Nikkei 225 index.
The unit ordered is a 1MW MFE220 with delivery from Fabrum
expected in approximately 13 months, with the destination of the
unit expected to be Auckland, New Zealand. Obayashi has several
interests in green hydrogen production projects in New Zealand
including Halcyon Power Ltd, the 50/50 joint venture between
Tuaropaki Trust and Obayashi Corporation, where Halcyon aims to use
electricity generated by the Tuaropaki Power Station to feed the
rollout of fit-for-purpose, safe, innovative, durable and
affordable fast hydrogen refuelling stations.
The order represents Fabrum's first customer under CPH2's
manufacturing agreement for which CPH2 will receive a technology
fee as well as revenue from the sale of key components including
CPH2 stacks.
Fabrum has previously ordered two MFE220 units from CPH2, with
the first container having already been shipped to Fabrum's
facility in New Zealand, as announced on 31 January 2023, where it
will be fitted out with the remaining components and commissioned
for use .
CPH2 is committed to its strategic target of 4GW MFE annual
production by 2030; of this 1GW will be in-house manufacturing and
assembly and 3GW will be via license agreements such as that agreed
with Fabrum. Interest in CPH2's innovative and disruptive hydrogen
electrolyser technology continues to grow and our agreement with
Fabrum allows for faster scale up and market penetration in
Australia and New Zealand.
Jon Duffy, Chief Executive Officer of CPH2, commented:
"I am delighted to see our manufacturing agreement signed with
Fabrum earlier in the year already bearing fruit. The order from
Obayashi, a significant global construction player, goes a long way
to validate our technology and its practical uses in the production
of green hydrogen.
The use of licence agreements by CPH2 to achieve our strategic
target of 4GW MFE annual production has always been of key
importance and we look forward to working with Fabrum to continue
our positive progress to date."
For more information, please contact:
Clean Power Hydrogen Plc via Camarco
Jon Duffy, Chief Executive Officer
James Hobson, Chief Financial Officer
Cenkos Securities plc - NOMAD & Broker
+44 (0)131 220
Neil McDonald 9771
+44 (0)131 220
Peter Lynch 9772
+44 (0)131 220
Adam Rae 9778
+ 44(0) 20 3 757
Camarco PR 4980
Billy Clegg
Owen Roberts
Lily Pettifar
To find out more, please visit: https://www.cph2.com
Overview of CPH2
CPH2 is the holding company of Clean Power Hydrogen Group
Limited ("Clean Power") which has almost a decade of dedicated
research and product development experience. This experience has
resulted in the creation of simple, safe and sustainable technology
which is designed to deliver a modular solution to the hydrogen
production market in a cost-effective, scalable, reliable and
long-lasting manner. The Group's strategic objective is to deliver
the lowest LCOH in the market in relation to the production of
green hydrogen. The Group's MFE technology is already commercially
available and demonstrating cost efficiencies and technological
advantages. CPH2 is listed on the AIM market and trades under the
ticker LON:CPH2.
Overview of Fabrum
Fabrum is headquartered in Christchurch, New Zealand and leads
the world in industrialized small to medium scale liquefaction
systems and composite cryogenic vessels.
The company is actively deploying end to end liquid hydrogen
solutions globally across heavy transport, mining and aviation
markets. Core competencies include green hydrogen production,
storage, dispensing and system integration.
Fabrum also has a strong presence in the traditional cryogenic
markets of liquid nitrogen (LIN), liquid oxygen (LOX), LNG and
Liquid Air (LAIR) with customers ranging from Animal husbandry,
Hi-tech research institutions, Manufacturing and Defense
forces.
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