Hydrogen Future Industries PLC (AQSE:HFI) said it is preparing for the next phase of energy performance tests of its novel mini wind turbines after "exceptional durability and performance" in a recent prototype trial.
Wind tunnel testing indicated an increase in energy production of upwards of 270% compared to open-rotor wind turbines.
Electrolyser test cells, meanwhile, demonstrated "exceptional efficiency" of up to 97%, HFI added.
The company is preparing a feasibility study to show the technology can produce green hydrogen for use on-site at $2 per kg, which equates to an electrical energy supply of approximately $0.12 per kilowatt-hour.
Neil Ritson, non-executive chairman, commented: "HFI's 1-metre prototype wind turbine demonstrated exceptional durability and performance in the period and is now being prepared for its next phase of energy performance trials and objective third-party assessment.
“In parallel, testing of the company's novel electrolyser achieved exceptional efficiency of up to 97% during the period and a strategy is underway to expedite the development of a commercial scale electrolyser.
“These two HFI technologies are required for the successful generation of clean and affordable energy from green hydrogen, and we are looking forward to making further progress towards this goal in the remainder of the year."
For the six months to end January 2024, HFI reported a loss of £432,000 with cash at the period end of £263,000 since when it has raised £621,000 from share issues.