The site about the hydrogen industry: hydrogen production, its economics, its use in vehicles on land, at sea, in the sky, about relevant technologies and equipment, hydrogen business and government hydrogen policies and programs.

BPH Energy looks to increase stake in Clean Hydrogen Technologies to 17.5%

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

https://is.gd/0TzYwP

Related Posts