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Hydrogen Utopia International PLC ( (GB:HUI) ) has issued an announcement.
Hydrogen Utopia International PLC has announced its first institutional investor placement, raising £600,000 through the issuance of new ordinary shares and warrants. This funding will accelerate the company’s expansion in Saudi Arabia and other GCC markets, supporting the deployment of waste-to-hydrogen technologies and advancing its role in the global clean energy transition. The strategic partnership underscores the impact of HUI’s technology in converting waste into sustainable hydrogen energy, marking a significant milestone in its growth trajectory.
More about Hydrogen Utopia International PLC
Hydrogen Utopia International PLC is a European company specializing in converting non-recyclable mixed waste plastic into hydrogen, carbon-free fuels, new materials, or distributed renewable heat. The company aims to capitalize on the rising demand for alternative energy sources by utilizing non-recyclable mixed waste plastic as feedstock to produce syngas, hydrogen, and other gases, as well as electricity and heat.
Average Trading Volume: 1,071,901
Technical Sentiment Signal: Buy
Current Market Cap: £12.79M
For an in-depth examination of HUI stock, go to TipRanks’ Overview page.