An incident during the shutdown of the CPH2 MFE220 electrolyser has resulted in significant damage to the unit causing a material delay to completion of the factory acceptance testing process. This has happened while the company was in discussions on an equity raise and these are also now paused. As a result, the shares have been suspended. There is clearly more work to be done before the full impact of the delay can be determined. While insurance could provide some cover this too remains to be clarified. The company will provide further updates in due course and until then we await developments.
