14 August 2019
PowerHouse Energy
Group plc
("PowerHouse" or
the "Company")
Annual General
Meeting Chairman’s Statement
PowerHouse Energy Group plc (AIM: PHE), the UK technology
company pioneering hydrogen production from waste plastic, advises
that at its Annual General Meeting (“AGM”) which will take place at
12 noon today, 14 August 2019, at the
offices of WH Ireland, 24 Martin Lane, London EC4A 0DR, the Chairman, Dr Cameron Davies, will make the following
statement:
“We have announced our first build for a commercial
DMG® plant at the Protos Energy Park and
the first stage of the engineering work has been completed allowing
public and council consultation on behalf of our customers to
facilitate planning submission.
We have engaged with the engineering
and contracting community and we have a number of quality assured
delivery contractors for the stream of projects, including delivery
options for international orders. Now with the active engagement of
Peel, we anticipate taking this project to financial close as part
of a funding arrangement for the eleven potential projects.
During this year we have streamlined
our business focussing on the delivery of the first plant and in
line with this we have secured first revenues and are now looking
to receive trialling revenues from the equipment at the Energy
Centre at University of Chester.
The consultancy, installation,
operation and plant licensing revenues that these projects will
deliver are the foundation of the company business and the Board is
confident that the commencement of our paid activities and the ever
growing level of commercial engagements, augmented now by Peel
will provide the necessary platform to establish PHE as a
sustainable and profitable business with a strong market presence
in the hydrogen economy.
Immediately following this
announcement my colleague David
Ryan, CEO of PowerHouse Energy Group, will give a strategic
and operational update, the full supporting presentation of which
is available on our website.”
For more information, contact:
PowerHouse Energy Group
plc |
Tel: +44 (0) 203 368 6399 |
David Ryan, Chief Executive
Officer |
|
|
|
WH Ireland Limited (Nominated
Adviser) |
Tel: +44 (0) 207 220 1666 |
James Joyce / Chris Savidge |
|
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|
Turner Pope Investments Ltd
(Joint Broker) |
Tel: +44 (0) 203 621 4120 |
Ben Turner / James Pope |
|
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|
Ikon Associates (Media
enquiries) |
Tel: +44 (0) 1483 271291 |
Adrian Shaw |
Mob: +44 (0) 7979 900733 |
About PowerHouse Energy Group plc
PowerHouse has developed a proprietary process technology - DMG®
- which can utilise waste plastic, end-of-life-tyres, and other
waste streams to efficiently and economically convert them into
syngas from which valuable products such as chemical precursors,
hydrogen, electricity and other industrial products may be derived.
The PowerHouse technology is one of the world’s first proven,
modular, hydrogen from waste (HfW) process.
The PowerHouse DMG® process can generate in excess of 1 tonne of
road-fuel quality H2, and more than 58MW/h of exportable
electricity per day.
The PowerHouse process produces low levels of safe residues and
requires a small operating footprint, making it suitable for
deployment at enterprise and community level.
PowerHouse is quoted on the London Stock Exchange's AIM Market
under the ticker: PHE, and is incorporated in the United
Kingdom.
For more information see www.powerhouseenergy.net