In doing so, the company hope to use the extra funds from the AIM listing to penetrate the fast-growing hydrogen market at an accelerated pace to enable the company to be situated at the forefront of the hydrogen economy.

Read more: Clean Power Hydrogen’s innovative Membrane-Free Electrolyser™ technology receives governmental recognition

The technology produced by Clean Power Hydrogen, the Membrane-Free Electrolyser is said to hold several key advantages that will make it unique and highly valuable within the hydrogen market in reducing the cost of the clean energy carrier.

The Membrane-Free Electrolyser™ technology provides a platform to deliver hydrogen production in a simple, safe and sustainable manner whilst also being capable of being scaled to suit any project.

This technology has also attracted attention from the UK Government with an MP visiting the company ahead of COP26.

Jon Duffy, CEO of Clean Power Hydrogen, said, “We are delighted to announce our proposed placing and Admission to AIM, to support the rapid growth of CPH2.

“Our approach to electrolyser technology is based on challenging long held market views for the benefit of our customers and the market as a whole, and the result is a lower cost, simple, much more durable electrolyser to separate hydrogen and oxygen from water.

“The new capital raised from a listing on AIM will position the Group well to become a globally recognised and highly profitable designer, manufacturer and licensor of the membrane free electrolyser with at least a 4GW production capacity by 2030.

“Hydrogen is central to Governments’ strategies to decarbonise the economy. This drive to net-zero is changing the way that electricity is generated, stored and managed. We are aiming to be at the forefront of the technology enabling this transition.”