Molecular Energies PLC Agreement signed between G-Mobility and CPH2 (8237U)
28 November 2023 - 8:00AM
UK Regulatory
TIDMMEN
RNS Number : 8237U
Molecular Energies PLC
28 November 2023
28 November 2023
MOLECULAR ENERGIES PLC
("MEN" or the "Company")
Agreement signed between G-Mobility and Clean Power Hydrogen
Molecular Energies (AIM: MEN), the international energy company,
provides an update relating to G-Mobility and CPH2.
G-Mobility, a subsidiary of Green House Capital, the green
division of Molecular which is progressing a spin out and IPO notes
the RNS announcement of Clean Power Hydrogen PLC ("CPH2") made
today in relation to a non-binding framework agreement having been
signed between G-Mobility and CPH2.
Under the non-binding framework agreement the parties will
explore a licensing arrangement for the manufacture and sale of
CPH2's electrolysers in the Mercosur trading bloc of countries in
South America.
G-Mobility believes there is a significant market opportunity
for the supply of domestically produced electrolysers in the large
Mercosur trading bloc including Brazil, Paraguay, Uruguay and
Argentina, and this agreement is enhances the ability of G-Mobility
to be a key player in this market.
For more information, please visit www.molecularenergiesplc.com
or contact:
Molecular Energies PLC +44 (0)20 7016 7950
Peter Levine, Chairman info@molecularenergiesplc.com
Rob Shepherd, Group FD
Cavendish Capital Markets Limited
(Nominated Advisor and Broker)
Simon Hicks, George Dollemore +44 (0)20 7220 0500
Tavistock (Financial PR & IR)
Simon Hudson, Nick Elwes, Charles
Baister +44 (0)20 7920 3150
Notes to Editors
Molecular Energies PLC is an AIM listed company at the forefront
of energy development and has interests across the energy spectrum,
from an oil and gas project to the green and alternative energy
sector.
The Company currently has an oil exploration asset in Paraguay.
The Company has two separate subdivisions which are focused on
early-stage opportunities in the green and/or alternative energy
sub-sector.
Activities in the green and alternative energy space are being
carried out direct through Molecular and under the Green House
Capital brand and through AIM listed Atome Energy PLC, a green
hydrogen, ammonia, and fertiliser company operating in Paraguay,
Costa Rica and Iceland, in which Molecular currently has 20.5%.
With a strong strategic and institutional base of support, no
third-party financial debt and a Chairman whose interests as the
largest shareholder are aligned to those of its shareholders,
Molecular gives UK investors access to an energy growth story
combined with world class standards of corporate governance,
environmental and social responsibility.
-ends-
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END
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November 28, 2023 02:00 ET (07:00 GMT)
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