Seneca Growth Capital VCT has supported the IPO of CPH2, a ‘green’ hydrogen company. Operating in an exciting sector this transaction is a great investment opportunity and supports Seneca’s commitment to ESG.
Jon Duffy, CEO, commented:
“Today’s listing and over-subscribed placing, delivered in difficult stock market conditions, is an important milestone for CPH2 and will assist the rapid growth of the Group. The funds raised will further strengthen the Group’s financial position and will enable CPH2 to build out our Doncaster manufacturing operation. CPH2 has an opportunity to penetrate an extremely fast-growing hydrogen market and aims to become a globally recognised, highly profitable designer, manufacturer, and licensor of its Membrane-Free Technology, targeting 4GW production capacity by 2030, an opportunity further advanced by the move onto the public markets.”