H2 view understands GHFG will produce the CPH2 MFEs at a new facility in Ireland, with intentions of installing each GHFG-produced electrolyser alongside and powered by Alternus owned and operated solar energy projects, with production planned to start in 2023.
CPH2 say the licensing of its technology offers the company the opportunity to increase its revenue in the short term without the need for additional capital expenditure (capex), allowing further funding for research and development.
Under the license agreement, CPH2 will receive and upfront fee, with a technology fee per unit, followed by service and maintenance license during the unit’s lifetime.
Jon Duffy CEO of CPH2, said, “We are pleased to have signed our first licensing agreement with GHFG. CPH2’s vision and values are closely aligned with our new partners, Alternus and Soleirtricity, and I am pleased to be able to share our innovative technology with them through our licence model.
“A core component of our business model is licensing out production to other companies, whilst also producing a certain number of units ourselves. By 2030, our goal is to produce approximately 1GW at CPH2 facilities and 3GW under licence.
“Our licensing model will help facilitate our growth strategy and accelerate market penetration to scale the business globally by providing a long-term revenue stream for CPH2, without the need for major upfront capex.”
Eric Whelan, CEO of GHFG, added, “GHFG will be responsible for the production of electrolysers to match the deployment of new Alternus solar projects where the addition of green hydrogen generation makes sense. It will also provide more direct control over the supply chain.
“Green hydrogen installations will allow Alternus to diversify into additional revenue streams from its growing market penetration in key markets across Europe and beyond.
“Energy produced from the Alternus solar assets will be optimised to produce 100% green hydrogen, which is a critical component in the decarbonisation of transport and heavy industry.”
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