Published on: May 2, 2023
Final results highlight operational progress
Hydrogen Utopia (HUI) released its final results for the year ending 31 December 2022 on Friday, with the company producing a small loss of approximately £1.5m but showing a strong balance sheet with cash of approximately £2.9m. The financials are not particularly relevant until HUI gets its first waste-plastic-to-hydrogen plant up and running, and the results statement provides clear evidence of the operational progress the company has made over the past year, particularly in Ireland and Poland.
