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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