Appointment of James Hobson as CFO

RNS Number : 1902Y

Clean Power Hydrogen

05 September 2022

 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 05 September 2022

Clean Power Hydrogen Plc

("CPH2", the "Company" or the "Group")

Appointment of James Hobson as Chief Financial Officer

CPH2, the UK-based green hydrogen technology and manufacturing company that has developed the IP-protected Membrane-Free Electrolyser ("MFE"), is pleased to announce the appointment of James Hobson as Chief Financial Officer ("CFO") and executive director. It is expected that James' employment will be effective from 05 December 2022, at which point Clive Brook will retire as an executive director and CFO of the Company.

James will join CPH2 from AMTE Power plc, where he has been CFO since October 2021. James has a wealth of experience across the energy sector, having worked as a senior finance executive in the sector for ten years.

Following the successful IPO in February 2022, CPH2 has invested significantly it its workforce, specifically in its engineering head count with ten additional process, mechanical, and electrical engineers joining earlier this year.

CPH2, which is based in Doncaster, has a 2030 production target of 4GW per year, with 1GW made at its own facility and the rest manufactured under license by other companies. The company continues to progress its sales pipeline and licensing workstreams, with a recently announced licensing agreement with GHFG and an ever growing pipeline of orders.

Jon Duffy, Chief Executive Officer of CPH2, commented:

" We are excited to have James joining as CFO of CPH2. James' expertise across the energy sector can be seen through his work with private and AIM listed companies across the past ten years and his knowledge will help us deliver on the opportunities ahead. We look forward to welcoming James in his new role soon. I would like to take this opportunity of thanking Clive for all his support over the years and speak on behalf of the entire CPH2 team in wishing him all the best in his retirement."

James Hobson, incoming CFO, commented:

"I am delighted to be joining CPH2 following its successful IPO in February. I believe CPH2 and its technology will have a significant role in the evolution of the hydrogen sector both in the UK and the wider world. The team has grown significantly this year and I look forward to supporting CPH2 in its future endeavours."

For more information, please contact:

Clean Power Hydrogen Plc	via Camarco
Jon Duffy, Chief Executive Officer
Cenkos Securities plc - NOMAD & Broker
Neil McDonald	[phone]
Peter Lynch	[phone]
Adam Rae	[phone]
Camarco PR	+ 44(0) 20 3 757 4980
Billy Clegg
Owen Roberts
Fergus Young

To find out more, please visit: https://www.cph2.com

Overview of CPH2

CPH2 is the holding company of Clean Power Hydrogen Group Limited ("CleanPower") which has almost a decade of dedicated research and product development experience. This experience has resulted in the creation of simple, safe and sustainable technology which is designed to deliver a modular solution to the hydrogen production market in a cost-effective, scalable, reliable and long-lasting manner. The Group's strategic objective is to deliver the lowest LCOH in the market in relation to the production of green hydrogen. The Group's MFE technology is already commercially available and demonstrating cost efficiencies and technological advantages. CPH2 is listed on the AIM market and trades under the ticker LON:CPH2.

The following information regarding the appointment of James Hobson (aged 44) is required to be disclosed under Schedule 2(g) of the AIM Rules for Companies:

Full Name:	James Graham Hobson
Current Directorship / Partnerships:	AMTE Power PLC
Previous Directorship / Partnerships:	South African Coal Limited GCM Resources PLC ADCUK Ltd Asia Energy Corporation Pty Limited Asia Energy Corporation (Bangladesh) Pty Limited Asia Energy (Bangladesh) Pvt Ltd

There are no further disclosures to be made under Schedule 2(g) of the AIM Rules for Companies.

 

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