18th December 2020
Powerhouse Energy
Group plc
Directorate
Change
Powerhouse Energy Group plc (AIM:
PHE) ("Powerhouse" or the "Company"), the sustainable hydrogen
company, is pleased to announce the appointment of Mark Berry to the Board as a non-executive
director of the Company with immediate effect.
Mark
Berry is a Partner at Norton Rose Fulbright LLP. Mark
specialises in the project financing of energy, infrastructure and
process engineering projects. He has particular expertise in the
waste to energy (including materials recovery and fuel recovery
from waste), transport and mining sectors. Mark's experience
includes advising on a number of project financed waste and waste
to energy schemes including PFI and merchant/commercial projects.
He is also a Chartered Engineer and a member of the Chartered
Institution of Building Services Engineers.
On joining the
Board of Powerhouse Mark Berry said:
“I’m pleased to be joining the Board
in order to support the Company as it develops the first DMG
project. This is particularly exciting at a time when hydrogen and
plastics are attracting global attention in terms of a solution to
a problem.”
Tim
Yeo, Chairman of Powerhouse, said:
“We are pleased to be strengthening
our Board as we approach the most important year in Powerhouse’s
history, with the commercialisation of our clean technology. Mark’s
experience in waste and waste to energy schemes will help to
strengthen our Board and we look forward to working with Mark over
what is set to be, an exciting number of years for Powerhouse.”
2021 will see the first commercial
use of Powerhouse’s clean technology at a local level, providing a
closed loop solution for non-recyclable plastic waste, whilst
producing hydrogen fuel at the UK’s first Plastic Park located near
Ellesmere Port, Cheshire.
Powerhouse and Peel L&P
Environmental are collaborating to develop 11 waste plastic to
hydrogen facilities across the UK. These Plastic Parks
will revolutionise the way that plastic waste is currently handled.
The parks could provide a complete solution for the 4.9 million
tonnes of plastic waste generated in the UK each year, preventing
it ending up in landfill or the ocean.
Powerhouse technology is a UK first
which will help accelerate the clean energy transition, helping
drive the hydrogen revolution and improve air quality by replacing
diesel with hydrogen as a transport fuel.
Further regulatory disclosures:
Other than as disclosed below, there
are no further disclosures to be made in accordance with AIM Rule
17 and paragraph (g) of Schedule Two of the AIM Rules for
Companies:
Name: Mark
Berry age 56
Mark
Berry does not hold any shares in the Company.
Current directorships/ partnerships:
Partner Norton Rose Fulbright LLP
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