Australian BPH Energy has added to its stake in green energy fuel developer Clean Hydrogen Technologies with a further approximately $390,000 investment to take its holdings in the US company to 17.5%, the SmallCaps reported.
The company and its 36.1% (direct interest) investee company Advent Energy initially entered into a binding term sheet with Clean Hydrogen under which the purchasers agreed to subscribe for 10% of the total issued share capital of the New York-headquartered energy business.
In April 2023, the purchasers were granted the right to acquire an additional 10%.
Statement of the BPH Energy