By Ian Walker Clean Power Hydrogen PLC said Monday that it plans to raise 50 million pounds ($68.4 million) and float on London’s junior AIM, with trading expected to start early next month. The U.K.-based green hydrogen technology and manufacturing company said it will use the money raised toward its growth.
“The new capital raised from a listing on AIM will position the group well to become a globally recognized and highly profitable designer, manufacturer and licensor of the membrane free electrolyzer with at least a 4GW production capacity by 2030,” Chief Executive Jon Duffy said. Cenkos Securities PLC is the company’s nominated adviser and sole broker. Write to Ian Walker at ian.walker@wsj.com