Former CEO of ITM Power joins Pineapple Power advisory board

Pineapple Power Corporation LON:PNPL confirmed today that is has appointed Dr Graham Cooley, formerly CEO of ITM Power LON:ITM, to Pineapple’s advisory board. Cooley joined ITM Power as CEO in 2009 following a career in the power and technology sectors where he developed a number of novel technologies and oversaw several multi-million-pound fundraising rounds.

ITM Power is now one of the world’s leading manufacturers of electrolysers and was the first hydrogen related company to be listed on the London Stock Exchange. Cooley started his career in the power sector in 1989 and has a PhD in physics, an MBA and is a Fellow of the Institute of Metals, Minerals and Mining (FIMMM). He also sits on a number of industry bodies and is a member of the UK Government’s Hydrogen Advisory Council.

Cooley led ITM Power through its transition from an R&D business to a world leading electrolyser manufacturing company. During his time with ITM Power he introduced the company’s products to new markets, forged ground-breaking industrial partnerships and oversaw equity fundraisings of almost £500 million. The company has rapidly evolved and in 2021, opened the world’s largest electrolyser manufacturing facility.

Clive de Larrabeiti, Corporate Finance Advisor to Pineapple Power, explained further: “We are delighted to welcome someone of Graham’s extensive experience and industry knowledge to our Advisory Board. His participation in our efforts to delineate an appropriate acquisition in the renewable energy sector is most welcome and strengthens our ability to connect with the rapidly growing universe of renewable energy through his extensive contact network and the high regard he enjoys within the hydrogen and power storage industry.”

Pineapple Power is now one of the few remaining small cash shell structures listed on the London exchange following reforms to the UK’s cash shell legislation.

Claudio Morandi, Non-Executive Director and Chairman of the company, also added: “We continue to be excited by the increasing interest and momentum which is building in the renewable energy space. The company enjoys a listing on a well-regarded stock exchange with recognised international appeal for growing companies seeking development capital to realize their corporate goals and business plans by accessing the capital markets. As one the few cash shells available in this market, we anticipate an exciting year ahead.”