New CFO Appointed at Carclo and ITM Power Wins Green Hydrogen Contract in Norway
Key Ideas
  • Carclo appoints Ian Tichias as the new Chief Financial Officer and Executive Director, effective April 1, 2025, following Eric Hutchinson's retirement. Tichias brings extensive finance leadership experience.
  • ITM Power secures a contract to supply four NEPTUNE V electrolyser plants totaling 20MW to FDE for the Agder Hydrogen Hub project in Norway, aiming to supply the maritime industry with green hydrogen starting in late 2026.
  • Urban Logistics completes new lettings over five units, totaling 301,000 sq ft, with a significant increase in annual rental income. The company's strategic acquisitions and improvements drive positive performance in the last touch logistics sector.
  • The appointments and contracts in the article highlight positive growth and expansion opportunities for Carclo, ITM Power, and Urban Logistics in their respective industries.
Carclo, a high-precision plastics components provider based in Ossett, has named Ian Tichias as their new Chief Financial Officer and Executive Director, succeeding Eric Hutchinson who plans to retire in 2025. Tichias, previously the CFO at Xaar PLC, is recognized for his financial expertise and experience in listed and private businesses, enhancing Carclo's leadership team. On the renewable energy front, ITM Power, an energy storage and clean fuel company, has secured a contract to supply four NEPTUNE V electrolyser plants to FDE for the Agder Hydrogen Hub project in Norway. This project, utilizing ITM's TRIDENT stack technology, aims to produce green hydrogen for the maritime industry starting in late 2026, contributing to the growing green energy segment. Additionally, Urban Logistics, a Real Estate Investment Trust (REIT), has successfully completed new lettings over five units, expanding its portfolio by 301,000 sq ft with an increase in annual rental income. The company's strategic acquisitions, like the Trax Park property in Doncaster, demonstrate its ability to add value and drive immediate capital growth in the last touch logistics sector. Overall, these developments reflect positive growth prospects and expansion opportunities for Carclo, ITM Power, and Urban Logistics in their respective industries, showcasing a promising outlook for their future endeavors.
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