Clean technologies business Time To ACT (LSE:TTA) said its Diffusion Alloys business stands to gain from progress at the HPP1 blue hydrogen project after EET Hydrogen and Power named Ruth Herbert as chief executive and reiterated a final targeted investment decision (FID) in the second half of 2026.
Diffusion Alloys, part of Time To ACT, is a specialist provider of high-temperature diffusion coating and thermal processing and the company highlighted its previously announced collaboration with Johnson Matthey's Catalyst Technologies unit as the basis for its role in the blue hydrogen supply chain.
"This renewed signal that the HPP1 project is now nearing its long overdue final targeted decision is extremely welcome and remains extremely important for Diffusion Alloys both financially and in validating its coating capabilities," said Chris Heminway, Chief Executive & Chief Strategy Officer.
Time To ACT described HPP1 as a landmark project whose progress would validate Diffusion Alloys’ industry-leading coating capabilities with internationally recognised partners.
The company notes the next material milestone for the project is the targeted FID in the second half of 2026.
