Green energy tech business strikes manufacturing and licensing deal
CPH2, a green hydrogen technology and manufacturing company, has signed a Technology Cooperation Agreement with Bentec GmbH, an operating company entity of Kenera Energy Solutions.
Doncaster-based CPH2 has developed a Membrane-Free Electrolyser (MFE) for the production of hydrogen.
Kenera is a newly formed business unit within drilling, engineering and technology company KCA Deutag Group. Kenera has been formed as the platform from which the KCA Deutag Group aims to grow its offering within hydrocarbon and energy transition markets and is a significant investor in CPH2.
As part of the new agreement, Kenera will produce up to 30 MFE220 units for CPH2 at its manufacturing facility in Germany.
In addition, CPH2 has granted Kenera a non-exclusive license to sell and manufacture CPH2 products in Germany, Scotland, Azerbaijan, Denmark and Norway up to a maximum of 150 MFE units per annum.
CPH2 has also awarded Kenera an exclusive license to sell and manufacture CPH2 products across the Middle East up to a maximum level of 2GW (including Oman, Saudi Arabia, United Arab Emirates, Qatar, Kuwait and Iraq).
The agreement brings together CPH2’s MFE technology, which uses cryogenics to separate oxygen from hydrogen, and Kenera’s international client base and manufacturing capabilities. The licensing arrangements will be effective for 10 years.
Jon Duffy, CEO of CPH2 said: “We are pleased to enter into this agreement with Kenera, whose parent company, KCA Deutag, is not only an investor in CPH2, but is also one of the leading energy sector manufacturing businesses in the world, adding valuable and immediate manufacturing capacity.
“I am particularly pleased to have additionally signed two sales licensing sub-agreements, which are a capital efficient production method for CPH2, and should enable a much faster scale up and market penetration of our innovative and disruptive hydrogen electrolyser technology.
“Interest in this technology continues to grow and our pipeline of opportunities is constantly developing.”
Ally Hogg, head of commercial for Kenera, added: “This collaboration follows our investment into this exciting and ambitious high growth hydrogen business.
“The relationship with CPH2 adds to our clean energy portfolio and we look forward to actively collaborating with their team as we expand our business in the energy transition space and create value for our stakeholders by delivering our innovative technological solutions, manufacturing and after-sales expertise.”
