Wednesday, February 8 2023 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Feb 06
Week of Jan 30
Week of Jan 23
Week of Jan 16
Week of Jan 09
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Clean Power Hydrogen shares fall as Octopus Hydrogen cancels order


    November 22, 2022 - By Chris Dorrell; chrisdorrell@alliancenews.com

     

      (Alliance News) - Clean Power Hydrogen PLC on Tuesday said Octopus Energy Hydrogen Ltd has cancelled its order with the company after Clean Power faced delays on the construction of its first two MFE 220 units.

      Shares in Clean Power Hydrogen dropped 16% to 34.00 pence each in London on Tuesday morning.

      The Doncaster, England-based green hydrogen technology firm said delays were caused by "ongoing global supply chain issues" and "engineering and scale-up issues" identified in the commissioning of its initial units.

      Clean Power said its Membrane-Free Electrolyser 220 product runs with 1 megawatt of input power and is capable of producing 450 kilograms per day of high purity green hydrogen.

      Following the delays, Octopus Hydrogen has cancelled its order with Clean Power Hydrogen. It intends to use an alternative electrolyser solution at its first site, which is expected to go live in the coming weeks.

      Clean Power Hydrogen has reimbursed the deposit paid by Octopus Hydrogen.

      Chief Executive Officer Jon Duffy said: "We are disappointed by the ongoing delays to the commissioning of our first MFE 220 unit. However, we understand the issues and are working through them thoroughly and sustainably. Our number one priority is ensuring that we are able to deploy our first MFE 220 units in the field and to have these operating responsibly and efficiently. I would like to thank Octopus Hydrogen for their patience, support and understanding."

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.