Powerhouse Enrgy Grp Directorate Change
23 Octubre 2020 - 01:00AM
UK Regulatory
TIDMPHE
Powerhouse Energy Group plc
("Powerhouse" or the "Company")
Change of Directorate
23 October 2020
Powerhouse Energy Group plc (AIM: PHE), the UK technology company
commercialising hydrogen production from waste plastic, announces that Dr
Cameron Davies will retire as a director of the Company on 31 March 2021.
Tim Yeo, Chairman, said "On behalf of the whole board and all Powerhouse
shareholders I express my warmest thanks to our former Chairman Cameron Davies
for his leadership throughout a challenging, important and successful period of
transition for our Company. His wise advice and calm judgments over the past
three years have been greatly appreciated."
Dr Davies said "It has been my privilege to serve as Chairman of Powerhouse and
oversee its transition into a well funded company driving forward waste plastic
to hydrogen technology."
The Company also announces its intention to appoint Mark Berry as a
non-executive director, subject to receipt of the relevant AIM clearances. Mark
is a partner of leading global law firm Norton Rose Fulbright which has
particular expertise in the energy industry.
Tim Yeo said "I am delighted that Mark has agreed to join the Powerhouse board.
His deep experience and knowledge of our industry will be of immense value and
we much look forward to working closely with him."
A full announcement regarding Mark's appointment will be made at the
appropriate time.
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
END
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