Loughborough (UK): 15 October 2018 – Intelligent Energy, the fuel cell engineering company, today signalled its long-term commitment to the industry with the appointment of David Woolhouse, as its new Chief Executive Officer. This appointment marks the continued investment from business owner Meditor to drive the business forward at this exciting time for the company and the wider industry.
Intelligent Energy is a world leader in the provision of advanced, practical fuel cell products and works closely with its customers in the automotive, stationary power and UAV markets to integrate its lightweight, clean, power-dense technology into their systems. The appetite for clean power around the world is growing and Intelligent Energy is well placed to help its customers make the transition and meet their challenging power needs.
“David joins Intelligent Energy at a time of ongoing investment and continued commitment from Meditor,” said Talal Shakerchi, CEO of Meditor Capital Management Limited. “As a proven business leader, David will be responsible for the strategic, financial and operational management of the company and its subsidiaries. “
David Woolhouse, CEO, commented “I am proud to be joining the company at such an exciting time. As businesses look to adopt cleaner power alternatives, fuel cell technologies will play a key role and Intelligent Energy is well placed to lead this change. I look forward to starting a new chapter with the team, as we continue to take the business forward.”
David has 15 years’ experience in leading businesses in different engineering and manufacturing sectors, including electrical distribution and rail. He has set up and led multi-site operations in the UK, Middle East and China. David joins us from Wabtec Rail, and has previously held Managing Director positions at Alstom and the Brush engineering group. He has experience in successfully growing complex engineering concerns with over 1000 employees.
David holds an MA (Hons) in Electrical Engineering from Cambridge University and is a Chartered Electrical Engineer. He also has an MBA from Warwick University Business School.
About Intelligent Energy
Intelligent Energy is a world leading fuel cell engineering company focused on the development, manufacture and commercialisation of its Proton Exchange Membrane (PEM) fuel cell products, for customers in the automotive, stationary power and Unmanned Aerial Vehicle (UAV) sectors. Fuel cells are used in multiple applications, where clean, lightweight, high efficiency and cost-effective power is required. The company is headquartered and manufactures in Loughborough in the UK, with additional offices and representation in the US, Japan, India and China.
About PEM fuel cells
Proton exchange membrane (PEM) fuel cells also often known simply as hydrogen fuel cells, produce clean, efficient, quiet and reliable power. They are electrochemical devices, like batteries that produce electricity without combustion, unlike batteries however, they will continue to operate so long as they are provided with hydrogen fuel. Hydrogen is readily available and is produced for example from water, natural gas or petroleum products. When hydrogen is combined in a fuel cell with oxygen (from air) it produces electrical energy with zero polluting emissions, with only heat and pure water as by-products.