Clean Power Hydrogen (CPH2) will deliver a 1MW MFE220 electrolyser to Hidrigin in 2025 and has licensed the company to manufacture up to 2GW of these units in Ireland.
Under a licensing agreement with Lisheen H2 Energy Park Limited (Hidrigin), CPH2’s MFE220 electrolysers will be built over a period of up to 20 years from 2025 and integrated with Hidrigin’s global network of solar PV and wind farms.
Hidrigin will exclusively use the manufactured electrolysers, and it cannot sell the systems to third parties. CPH2 will receive a fee in staged payments for the license upon meeting certain milestones, which are expected to be met within the next two years.
Jones Engineering Manufacturing will host the electrolyser developments at its facility in Co. Carlow, Ireland. Additionally, Hidrigin has appointed Lagan MEICA to advise the construction commissioning and installation of MFE units.
In the future, Hidrigin plans to build a manufacturing facility in Lisheen BioEnergy Campus as it scales up manufacturing of MFE units. The Irish firm has agreed to sell its green hydrogen produced in Lisheen as part of its pilot project to various commercial off-takers.
H2 View understands Hidrigin has €100m ($108m) funding terms in place to build out its renewable energy portfolio with the green hydrogen pilot, with the ultimate goal of developing €500m ($544m) of its own projects and CPH2 electrolysers.
“Our goal remains to produce electrolyser capacity of approximately 1GW at CPH2 facilities and 3GW under license, and today’s announcement gives a good indication of how we will look to achieve that,” explained Jon Duffy, CEO of CPH2.
“Licensing agreements are a key part of our business model, helping to scale the business globally and accelerate market penetration of our groundbreaking technology by leveraging the resources of competent partners.”
Eric Whelan, CEO of Hidrigin, added, “We are excited to be able to use this technology for our projects here in Ireland and across the world, where the opportunity for green hydrogen production together with renewable energy generation is unparalleled.
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