Clean Power Hydrogen plc (AIM: CPH2), the UK-based hydrogen technology company, has announced a Board-approved product roadmap on 10 November 2026, introducing two new electrolyser designs and a plant consultancy service as it pivots towards international markets. The roadmap responds to deteriorating UK government support for the hydrogen sector and targets faster-growing markets in the Middle East and Asia. CPH2 states it has sufficient capital to execute the roadmap throughout 2027, positioning itself for revenue generation through a technology licensing model.

Key Points

  • Clean Power Hydrogen plc (AIM: CPH2) is a UK-based hydrogen technology company with 17 granted patents and 16 pending
  • Board has approved a new product roadmap introducing the MFE Neo and CSX Eco electrolysers alongside a new MFE Plant Solutions consultancy service
  • Engineering package for the CSX Eco due May 2027; MFE Neo engineering package expected December 2027 with preliminary designs six months prior
  • Investors should watch for first commercial licensing revenues and progress on the technical root cause analysis following the MFE220 late-stage testing incident

MFE Neo Membrane-Free Electrolyser Targets $14 Billion Global Electrolysis Market

The MFE Neo is CPH2's flagship product, described as the culmination of a decade of patented membrane-free electrolysis research. The technology avoids platinum, iridium, and PFAs — commonly called "forever chemicals" — which the company argues reduces lifetime costs and improves hydrogen purity. Following a late-stage testing incident with the MFE220 earlier in 2026, CPH2 commenced design and research work on 19 October 2026 with international partners, involving modelling of gas thermodynamics, fluid flow, and heat and mass transfer. A revised engineering package is anticipated for manufacturing partners and licensees from December 2027, with preliminary designs expected six months earlier. The company targets the $14 billion global electrolysis market, citing third-party data.

CSX Eco Electrolyser Designed to Compete Directly With Chinese Alkaline Imports

Running in parallel, CPH2 is developing the CSX Eco, a lower capital cost electrolyser using proprietary cell separation technology, also free of platinum, iridium, and PFAs. Management acknowledge that European hydrogen projects have concentrated on advanced technologies whilst Chinese manufacturers have focused on simpler, cost-competitive products that hold a larger market share. The CSX Eco is specifically designed to address that competitive gap. An engineering package is due for manufacturing partners and licensees from May 2027. An ultra-high purity version is targeted for Q1 2029. The electrolysis stack powering the CSX Eco will be built in Doncaster, with OEM deliveries to other electrolyser manufacturers globally expected to commence from March 2028.

MFE Plant Solutions Consultancy to Launch in January 2027 Across Industrial Hydrogen Applications

From January 2027, CPH2 will offer structured design engagements and bespoke research programmes under the MFE Plant Solutions banner, targeting industries including steel, glass, e-SAF, green ammonia, and pharmaceutical applications. The service is intended to be chargeable and focuses on integrating hydrogen and oxygen production into large-scale industrial plants, improving efficiency of renewable electricity conversion. This capital-light consultancy strand complements the licensing model and could provide nearer-term revenue ahead of full product commercialisation, though the company did not disclose expected fee levels or contracted engagements in the announcement.

UK Government Cuts £500m in Hydrogen Grants as CPH2 Pivots to International Licensing Model

The announcement notes that on 28 October 2026, the UK government cancelled £500 million of capital grants for the hydrogen industry, partially replacing them with £300 million in conditional loans and equity. CPH2 states it is not directly impacted by these changes, having already adopted a capital-light, global technology licensing model. The IEA's Global Hydrogen report of June 2026 recorded 25% growth in low-emission hydrogen volumes in 2025 and projected similar growth in 2026. CPH2 identifies the Middle East and Asia as the fastest-growing markets and considers UK demand to be challenged, a strategic assessment underpinning the entire new product roadmap.