Powerhouse Energy
Group plc
Movement in Share
Price
Powerhouse Energy Group plc (AIM: PHE) ("Powerhouse" or the
"Company"), notes the recent increase in the Company’s share price
and confirms that there are no new material developments beyond
those previously notified to the market.
The Company provided an update on operational
developments in its announcement of 17 December 2020.
ENDS
For more information, contact:
Powerhouse Energy Group
plc |
Tel: +44 (0) 203 368 6399 |
Tim Yeo, Executive
Chairman |
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WH Ireland Limited (Nominated
Adviser) |
Tel: +44 (0) 207 220 1666 |
James Joyce / Lydia
Zychowska |
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Turner Pope Investments Ltd
(Joint Broker) |
Tel: +44 (0) 203 657 0050 |
Andrew Thacker |
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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