European clean hydrogen firms complete IPOs

UK-based CPH2 and France’s Haffner successfully raise funds through stock market listings despite volatile market

Two clean hydrogen technology companies have successfully completed IPOs in Europe this month, despite challenging equity market conditions. UK-based green hydrogen and technology company CPH2 has raised £30mn ($41mn) through a listing on London’s AIM stock exchange. The share placing, which was oversubscribed and took place in “difficult stock market conditions”, values the company at £119.4mn, CPH2 says. CPH2, which has developed a membrane-free electrolyser (MFE) technology, says it will use the proceeds of the listing to expand its production plant in Doncaster in the north of England. “CPH2 has an opportunity to penetrate an extremely fast-growing hydrogen market and aims to become a gl