UK-based electrolyser manufacturer Clean Power Hydrogen (CPH2) has signed its first licence agreement, with GHFG, for the production of 2GW of its membrane-free electrolysers.
The deal covers a period of up to 20 years and will enable Doncaster-based CPH2 hit its 2030 annual production target of 4GW per year across its own and licensed facilities.
GHFG is a joint venture between international renewable independent power producer, Alternus Energy Group and Eric Whelan, CEO of Irish based developer Soleirtricity.
Under the licence agreement, GHFB will produce the CPH2 membrane-free electrolysers at a new factory in Ireland with plans to start production during 2023.
Each electrolyser produced by GHFG under this agreement will be installed alongside and powered from solar energy projects owned and operated by Alternus.
Under the agreement, CPH2 will receive an upfront licence fee, and thereafter, a technology fee per unit, followed by service and maintenance licences during the unit’s life.
The upfront licence fee is expected to be received in full by the end of the current financial year and to be recognised as revenue over the life of the contract.
Through the license, GHFG has access to CPH2’s innovative MFE technology whilst having the flexibility to oversee its own production and delivery schedules.