REG - Clean Power Hydrogen - Appointment of James Hobson as CFO

Clean Power HydrogenAnnouncement

05/09/2022 07:00

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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                               +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
 Fergus Young

 

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.

 

 

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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