Atome expects first revenues next year

Newly established green hydrogen production company is pursuing two projects in Paraguay and one in Iceland and is eyeing further expansion

Newly established green hydrogen production company Atome expects to generate its first revenues in 2023, the firm said in its inaugural annual results statement. Atome listed on the AIM branch of the London Stock Exchange in December after being spun off from independent oil and gas company President Energy with a £9mn ($11.2mn) fundraise at 80p per share. “In the short period since the IPO, while not losing focus on our core projects, we have signed a world-class power-purchase agreement [PPA] for 60MW in Paraguay as well as creating our mobility division and ordered our first electrolyser,” says Atome chair Peter Levine. “All this means in 2023 we expect to be generating our first revenue