PHE Powerhouse Energy Group Plc

 
TIDMPHE 
 
30 September 2020 
 
                          Powerhouse Energy Group plc 
                        ("Powerhouse" or the "Company") 
 
                                 AGM statement 
 
Powerhouse Energy Group plc (AIM: PHE), the UK technology company pioneering 
hydrogen production from waste plastic, will hold its Annual General Meeting 
(AGM) at 11.30am today. At the meeting, Tim Yeo, Chairman, will make the 
following statement: 
 
"In the past year Powerhouse has been transformed. The recent successful 
fundraise has given us a strong financial base for building our first 
commercial scale plant at Protos under the wing of our UK development partner 
Peel. 
 
Once construction at Protos begins we will intensify our engagement with 
international partners to help us deliver DMG technology in overseas markets. 
Many countries face an urgent and growing problem of plastic waste. Demand for 
distributed sources of hydrogen and electricity is increasing. Powerhouse has 
the answer to all these needs. 
 
Today we are delighted to welcome our new director, Kirsty Gogan. Kirsty is 
managing partner of LucidCatalyst and was Co-founder of Energy for Humanity, 
organisations which are both focused on decarbonisation of the energy industry. 
Her experience, skills and reputation will greatly strengthen our 
communications with governments, regulators and consumers both in the UK and 
abroad. 
 
I am also pleased to report that Peel is expected to soon announce the next two 
sites for which planning applications will be submitted for the construction of 
the second and third DMG plants in the UK. Coupled with Peel's GBP1 million 
investment in Powerhouse, this is a clear sign of confidence in our future. 
 
I have campaigned for greater protection of the environment on land and sea and 
for a faster switch to a low carbon economy ever since I served three decades 
ago as an environment minister. I am therefore excited and extremely 
enthusiastic about my new role as your Chairman. 
 
I am confident that Powerhouse's prospects have never been better. With the 
help of our executive team under David Ryan and our strengthened board of 
directors I will do all I can to ensure that, while placing sustainability at 
the heart of everything we do, we deliver a highly profitable business for the 
benefit of all shareholders." 
 
A strategic and operational update presentation and a shareholder questions and 
answers session will be available to view on the Company's website at 
www.powerhouseenergy.net after the AGM. 
 
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/Lydia Zychowska 
 
Turner Pope Investments Ltd (Joint Broker)  Tel: +44 (0) 203 657 0050 
 
Andrew Thacker/Zoe Alexander 
 
Ikon Associates (Media enquiries)           Tel: +44 (0) 1483 271291 
 
Adrian Shaw                                 Mob: +44 (0) 7979 900733 
 
Notes for editors: 
 
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. Powerhouse's technology is one of the 
world's first proven, distributed, modular, hydrogen from waste (HfW) process. 
 
The Powerhouse DMG® process can generate up to 2 tonnes of road-fuel quality 
hydrogen and more than 58MWh of exportable electricity per day. 
 
Powerhouse's process produces low levels of safe residues and requires a small 
operating footprint, making it suitable for deployment at enterprise and 
community level. As announced on 11th February 2020 under its Supplemental 
Agreement with Peel Environmental, Powerhouse will receive an annual license 
fee of GBP500,000 in respect of each project which is commissioned. 
 
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 
 
About the Protos project 
 
The first application of the Powerhouse DMG® technology is to be built at the 
Protos Site, a Peel L&P energy park development on a 54-hectare site known as 
'Protos' near Ellesmere Port, Cheshire, England. The site is the first 
development by Peel L&P under the Collaboration Agreement. 
 
The planning permission for the application was submitted in September 2019 
and, on 3 March 2020, the Cheshire West and Chester planning committee approved 
the planning application for the DMG® Technology to be utilised on the Protos 
Site. 
 
 
 
END 
 

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