Molecular Energies, 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.
