Cleantech business formally appoints its Board of Directors in advance of planned flotation
Time To ACT Limited, a clean technology business based in Middlesbrough in the UK, has formally appointed its Board of Directors in advance of a planned flotation for later this year.
Time To ACT supports the global transition to Net Zero through the development and commercialisation of world-beating clean technologies. With a number of its board members having been with the business since 2018, the formal appointment and expansion of the Board brings together experience to help nurture businesses in some of the world’s fastest growing sectors including clean hydrogen and offshore wind.
The group recently relocated to the North East with its headquarters now at Dockside Road in Middlesbrough, choosing the region for its role as a hub for talent and skills in the growing renewables market.
Chris Heminway, Executive Chairman at Time To ACT, said upon the announcement: “I am delighted that we have been able to assemble such a heavy-hitting board. Our technologies will address some of the world’s most pressing challenges, including reducing reliance on Rare Earth Elements and the roll-out of the clean hydrogen economy, so bringing this group together will help Time To ACT companies become world leaders in their fields”.
Time To ACT comprises a growing number of SME businesses including Diffusion Alloys and GreenSpur.
Middlesbrough-based Diffusion Alloys has been through its own transition, migrating away from fossil-fuel industry clients towards clean technology, and is a key supply-chain partner providing specialist coatings to some of the world’s leading blue-chip industrial names.
GreenSpur, focused on the wind industry, has an innovative design for wind turbine generators which it is commercialising into a range of onshore and offshore wind applications and which specifically tackles the issues around the use of Rare Earth Elements, the supply of which is largely controlled by China.
Gary Wallace, Time To ACT CFO, said: “The GreenSpur system will help the world reach its full potential in the renewable energy roll-out which, in turn, allows us to develop a cleaner, greener future from right here in the North East”.
Time To ACT is in the initial phases of planning a flotation on the public markets to raise further capital in order to continue its mission to find and fund undervalued world-beating clean technologies.
Heminway closed saying: “We are on the cusp of a once-in-a-generation opportunity to change the world through decarbonisation and we intend that Time To ACT plays its part in that change.”
Image caption: Time To ACT Ltd Board of Directors (pictured left to right: Steve Pugh, Darren Robertson, Rich Furniss, Andrew Hall, Gary Wallace, Chris Heminway and Lisa Randall)