Doncaster-based Clean Power Hydrogen plc (CPH2) said on Monday it plans to raise £50 million and float on London’s junior AIM stock market.
The firm designs and manufactures hydrogen production units and is focused on the commercial production of green hydrogen.
CPH2 CEO Jon Duffy 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.”