It is hoped the investment in ATOME will accelerate the roll out of its projects in South America, while also seeing CPH2’s Membrane-Free Electrolysers (MFEs) entering the region.

H2 View understands CPH2 subscribed for 1,412,429 of new Ordinary Shares in ATOME at a price of 106.2 pence per share, totalling an investment of £1.5m as part of ATOME’s placing. The subscription is expected to be settled out of the company’s existing cash resources.

In March (2022), ATOME revealed it had entered into a purchase order with CPH2 for its 1MW MFE220 electrolyser, which is expected to be installed as part of the company’s green hydrogen production plans in Paraguay.

Read more: ATOME progresses with hydrogen mobility plans in Paraguay; orders 1MW electrolyser

ATOME is focused on developing green hydrogen and ammonia production, with plans of establishing up to 500MW of projects located in Paraguay and Iceland. This month, ATOME said it had doubled its capacity plans for its flagship project in Villeta, Paraguay from 60MW to 120MW.

Read more: ATOME doubles Paraguayan green hydrogen and ammonia production plans to 120MW

CPH2 says its MFE technology can offer faster hydrogen production, more reliably, and more cost effectively than other electrolysers. Speaking to H2 View in 2021, Jon Duffy, CEO of H2 View, said the technology is, “set to revolutionise the electrolyser market.”

Read more: CPH2: Membrane-free technology set to revolutionise the electrolyser market

Commenting on the ATOME investment, Duffy, said, “This announcement marks an extension of our ongoing collaboration with ATOME for the use of CPH2’s electrolyser units in ATOME’s international hydrogen and ammonia projects.

“The company’s investment in ATOME is expected to accelerate ATOME’s plans for the commercial production of hydrogen in Paraguay employing CPH2’s MFE220 electrolyser and therefore accelerate the roll out of our electrolysers across South America.”


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