REG - Clean Power Hydrogen - Appointment of Chief Technical Officer

Clean Power HydrogenAnnouncement

26/01/2023 07:00

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RNS Number : 8903N  Clean Power Hydrogen  26 January 2023

 

 

 

26 January 2022

 

Clean Power Hydrogen Plc

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

 

Appointment of Chief Technical 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 Paul Cassidy as Chief Technical Officer ("CTO")
and Director of Clean Power Hydrogen Group Ltd. It is expected that Paul's
employment will be effective from 22nd March 2023.

 

Paul will join CPH2 from Johnson Matthey Catalyst Technologies, where he has
been a Technology Manager since 2009, spending almost 10 years as the
Technology Manager for Methanol and four years as the Technology Manager for
Ester Hydrogenation Technologies. Paul has a wealth of knowledge in the
engineering and technology field, with a track record of scaling up
technologies from the laboratory to implementation at commercial scale. Paul
has significant experience and insight into the methanol industry as well as
its linked application in hydrogen-based technologies and markets. Paul
received a Master of Engineering from the University of Cambridge and has won
multiple awards in the sector including the 2016 Institution of Chemical
Engineers Global Awards, Outstanding Achievement Award and Industry Project
Award for Gas Heated Reforming Development and Commercialization and the 2014
Institution of Chemical Engineers Sustainable Technology Award.

As CTO, Paul will be focused on getting the MFE220 into production for both
CPH2 and license holders. CPH2 will continue to work with Fabrum's Technical
Director, Hugh Reynolds, who has been assisting the company on a part time
basis during the search for a CTO. Hugh and the Fabrum team will continue to
advise on the improvements of the cryogenics system during the handover
period.

CPH2 has invested significantly in its management team, hiring James Hobson as
Chief Financial Officer ("CFO") and promoting Arash Selahi to Chief Operating
Officer ("COO") in the past six months. The appointment of Paul further
strengthens the management team of the Company which has a 2030 production
target of 4GW per year, with 1GW being produced at its own facilities, with
the remainder manufactured under license by other companies. The company
continues to progress its sales pipeline and licensing workstreams, with an
ever-growing pipeline of orders. The development pathway towards finalisation
of the optimised MFE220 remains on track to be available for delivery to
customers by late 2023.

 

Jon Duffy, Chief Executive Officer of CPH2, commented:

 

"We are thrilled to have Paul joining as CTO of CPH2. Pauls extensive chemical
engineering and licensing knowledge will help us to deliver on our existing
order book in 2023, enhancing our structure and the increasingly strong
indication of interest in our products that we are seeing. The hydrogen market
continues to grow and is part of the solution to meeting the world's future
energy demands and the Paris Agreement. As the sector develops, we too will
continue to grow as a company, hiring experts such as Paul and look forward to
welcoming him in his new role soon."

 

Paul Cassidy, incoming CTO, commented:

 

"I am delighted to be joining CPH2 as CTO. CPH2's technology will play a
crucial role in the evolution of the hydrogen sector in the UK and globally.
Both the management team and engineering team have grown significantly in the
past year and I look forward to supporting CPH2's roll out of the MFE."

 

 

For more information, please contact:

 

 Clean Power Hydrogen Plc                    via Camarco
 Jon Duffy, Chief Executive Officer

 James Hobson, Chief Financial Officer

 Cenkos Securities plc - NOMAD & Broker
 Neil McDonald                               +44 (0)131 220 9771
 Peter Lynch                                 +44 (0)131 220 9772
 Adam Rae                                    +44 (0)131 220 9778

 Camarco PR                                  + 44(0) 20 3 757 4980
 Billy Clegg
 Owen Roberts
 Lily Pettifar

 

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

 

Overview of CPH2

CPH2 is the holding company of Clean Power Hydrogen Group Limited ("Clean
Power") 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.

 

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