Power-to‑X com­pany Elec­tro­chaea appoints Karsten Hanich and Tim Baack to the man­age­ment team to accel­er­ate its com­mer­cial growth

Elec­tro­chaea, one of the world’s lead­ing tech­no­logy pro­viders for Power-to‑X (PtX) solu­tions, is strength­en­ing its man­age­ment team with two new addi­tions. Tim Baack is the new Chief Com­mer­cial Officer (CCO) and Karsten Hanich is the new Chief Fin­an­cial Officer (CFO). Elec­tro­chae­a’s pro­ject pipeline is filling with pro­jects and all eyes
are on growth.

Before join­ing Elec­tro­chaea, Tim Baack was CCO of Bull­finch Asset AG, a start-up that provides and fin­ances decent­ral­ized energy solu­tions for B2C cus­tom­ers. He has extens­ive exper­i­ence as a man­ager and con­sult­ant in the energy and fin­an­cial sec­tor. Baack worked in busi­ness and pro­ject devel­op­ment as well as in fin­an­cing of inter­na­tion­al thermal and renew­able energy pro­jects for AES, E.ON, DZ‑4, Con­ergy and OX2. He was CIO of a renew­able fund and has prac­tic­al exper­i­ence as Man­aging Dir­ect­or of the OX2 oper­at­ing com­pany for wind power. Baack holds a degree in indus­tri­al engin­eer­ing from the Tech­nic­al Uni­ver­sity of Ber­lin and a mas­ter­’s degree in
man­age­ment from Stevens Insti­tute of Tech­no­logy, USA. Baack­’s primary tasks include the man­age­ment and coordin­a­tion of Elec­tro­chae­a’s PtX pro­jects and strength­en­ing the mis­sion state­ment for sales and fur­ther cor­por­ate development.

Karsten Hanich joins Elec­tro­chaea from Green­Com Net­works AG, where he also worked as CFO and man­aged the acquis­i­tion of the com­pany by Enphase Energy Inc. and the sub­sequent mer­ger. For over 20 years, he worked in seni­or fin­an­cial pos­i­tions in the inform­a­tion and tele­com­mu­nic­a­tions industry in Ger­many, the Middle East and Africa. Hanich holds a degree in indus­tri­al engin­eer­ing from the Karls­ruhe Insti­tute of Tech­no­logy, a mas­ter­’s degree in eco­nom­ics from the Uni­ver­sity of Aix-Mar­seille II and an MBA from the Uni­ver­sity of Mas­sachu­setts, USA. As CFO at Elec­tro­chaea, Hanich is respons­ible for plan­ning and imple­ment­ing the fin­an­cial strategy and change man­age­ment with­in the company.

Elec­tro­chae­a’s pro­ject pipeline is grow­ing in Europe and North America

With the appoint­ment of the two man­age­ment pos­i­tions, the com­pany has set an import­ant organ­iz­a­tion­al course for strong and sus­tained growth. Elec­tro­chaea is involved in sev­er­al PtX pro­jects world­wide, includ­ing pro­jects in Canada, the USA and Den­mark. At the same time, the com­pany is expand­ing its mar­ket reach by qual­i­fy­ing EPC con­tract­ors in Europe, the US and Canada and licens­ing its tech­no­logy for devel­op­ment of com­mer­cial PtX sys­tems.

Mich Hein, CEO and Man­aging Dir­ect­or of Elec­tro­chaea GmbH: ​“With Tim Baack and Karsten Hanich, we have attrac­ted two exec­ut­ives with glob­al net­works in renew­able energy mar­kets, and with crit­ic­al skills to accel­er­ate our com­mer­cial pro­ject exe­cu­tion and fin­an­cing. They will play a key role in shap­ing our strategy and mar­ket ramp-up in this rap­idly evolving renew­able energy landscape.”