IN BRIEF: Hydrogen Future Industries subsidiary making good progress

Hydrogen Future Industries PLC - London-based investment company focused on hydrogen sector - On ...

Alliance News 27 May, 2022 | 9:42PM
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Hydrogen Future Industries PLC - London-based investment company focused on hydrogen sector - On Thursday, says its wholly-owned product development subsidiary HFI Energy Systems Ltd is currently developing a wind-based hydrogen production system which aims to generate hydrogen for under USD2 per kilogram.

Executive Director David Ormerod says: "We are making excellent progress and preparing for installation of the 1 metre diameter wind prototype, potentially as early as next month. This milestone will represent the beginning of a hugely important testing and data collection period that will feed into the construction of the first commercial scale units of 5-metre diameter."

Current stock price: 7.25 pence

By Heather Rydings; heatherrydings@alliancenews.com

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Security Name Price Change (%) Morningstar
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Hydrogen Future Industries PLC 7.25 -

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