17th December 2020
Powerhouse Energy
Group plc
Operational
progress update
Powerhouse Energy Group plc (AIM: PHE) ("Powerhouse" or the
"Company"), the sustainable hydrogen company pioneering hydrogen
production from waste plastic, is pleased to provide an update on
operational progress since the AGM held in September
2020.
We are pleased to announce that Peel L&P Environmental
(“Peel”) has commenced site preparation for the first commercial
DMG® plant at Protos with initial ground works. Peel has also
embarked on phase 2 of infrastructure works at Protos which include
the preparation of access roads and laydown areas for the works and
utility service installation on Protos Plot 10b where the DMG® plant will be installed.
This site work is ongoing whilst contract and post FEED
(Front-End Engineering Design) engineering definition proceeds for
the site including:
- Negotiations with potential construction delivery
contractors;
- Safety system procurement and the implementation of operational
safety systems based on a HAZOP (Hazard and Operability Analysis
study) study for Powerhouse’s DMG process for the Protos
application which has been successfully completed by a joint team
of Powerhouse, Peel and the engineering consultants ;
- Provision of operational definition material for a future
Operations & Maintenance contract tender; and
- Further refinement to the construction measures to be applied
in line with modular build strategy.
Powerhouse has successfully recruited qualified and experienced
operational and technical staff this quarter, building the team in
engineering with senior process engineers, application engineers
and support staff joining the team to be based at the Thornton
research and development centre, supporting further technical
advancements , Protos project activites and new business
development.
To facilitate expansion of the DMG® technology, Powerhouse has
developed a design for a solution that can export larger volumes of
hydrogen, broadening the scope for Peel to engage with smaller
fleet consumers of hydrogen who require supply to their own or
third party off-site locations. In this context, Peel has been
progressing two sites through pre-planning engineering, to
incorporate these new DMG technology improvements. Consultation
with the local council authorities is expected to be initiated
shortly.
Powerhouse has welcomed the UK Government’s recent ten point
plan for a green industrial revolution, which highlighted the need
for hydrogen production in order to reach net zero and reduce
carbon emissions.
Commenting on progress, Tim Yeo,
Executive Chairman of Powerhouse Energy, said:
“We welcome the commencement of activity at Protos with
clearance of the site where the first commercial scale plant will
be built, which will help accelerate the UK’s clean energy
transition. Powerhouse is getting down to business ahead of intense
activity expected in 2021 as demand for our waste plastic to
hydrogen technology gains rapid momentum. The Company has
strengthened the board and appointed a number of key experts to our
operational team. I am looking forward to the next year as the
opportunity for Powerhouse continues to grow and our clean energy
technology can become part of the solution to air pollution and
waste plastic”.
ENDS
For more information, contact:
Powerhouse Energy Group
plc |
Tel: +44 (0) 203 368 6399 |
Tim Yeo, Executive
Chairman |
|
|
|
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 |
|
|
|
Ikon Associates (media
enquiries) |
Tel: +44 (0) 1483 271291 |
Adrian Shaw
SisterSmith PR (media enquiries)
Becca Smith |
Mob: +44 (0) 7979
900733
Mob: +44 (0) 7766522305 |
Notes for editors:
About Powerhouse Energy Group plc
Powerhouse, the sustainable hydrogen company, 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