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."