Share Name Share Symbol Market Type Share ISIN Share Description
Powerhouse Energy Group Plc NEX:PHE.GB NEX Ordinary Share GB00B4WQVY43
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.455p 0.00p 0.00p 0.455p 0.455p 0.455p 1,933,654 11:03:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - -

Powerhouse Enrgy Grp Developer W2T Sign Power Agreement

09/05/2019 7:00am

UK Regulatory (RNS & others)


 
TIDMPHE 
 
9 May 2019 
 
                          PowerHouse Energy Group plc 
 
                    ("PowerHouse Energy" or the "Company") 
 
          Developer W2T Sign Power Agreement and Waste Feedstock MoU 
 
PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering 
hydrogen and clean energy production from waste plastic, is pleased to announce 
that its exclusive development partner, Waste2Tricity Limited ("W2T"), has 
agreed that electricity generated by W2T at Protos using DMG® technology will 
be sold into a private grid operated by Protos and W2T has also agreed a supply 
agreement for unrecyclable plastic for the DMG® plant.  This is a further step 
in the road to towards achieving Financial Close for the first commercial site 
utilising PHE's DMG Technology. 
 
A MOU (Memorandum of Understanding) agreement has been agreed by W2T with the 
innovative recycler, Advanced Sustainable Developments (ASD), which will see 
the two companies work collaboratively at the Protos site in Cheshire. The 
generated electricity from the DMG® process will be supplied back to ASD from 
the Protos private grid at discount to current power market prices, which will 
be commercially beneficial to all parties. 
 
W2T has also agreed a supply of feedstock to W2T for processing by DMG® Energy 
Recovery Technology, which is intended to come from un-recyclable plastic from 
ASD's PET plastic recycling project at the Protos site, at a price 
significantly below current landfill prices. W2T has also arranged back up 
supply lines for the DMG® plant in the event of delays. 
 
David Ryan, CEO of PowerHouse Energy, commented: 
 
"We are very pleased that our DMG® Energy Recovery Technology will be a key 
part of the solution at Protos fostered by Peel Environmental with W2T and ASD, 
which envisages  the regeneration of plastics in a circular economy approach to 
waste management. This matches our vision for the application of the DMG® 
technology and we believe it heralds the finalisation of a number of further 
DMG®projects." 
 
This announcement contains inside information as defined in Article 7 of the 
Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the 
Company's obligations under Article 17 of those Regulations. 
 
                                     ENDS 
 
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 / Chris Savidge 
 
Turner Pope Investments Ltd (Joint Broker)          Tel: +44 (0) 203 621 4120 
 
Ben Turner / James Pope 
 
Ikon Associates (Media enquiries)                       Tel:    +44 (0) 1483 
271291 
 
Adrian Shaw 
  Mob: +44 (0) 7979 900733 
 
Notes for editors: 
 
About PowerHouse Energy and DMG technology 
 
PowerHouse Energy 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. The PowerHouse technology is one of the 
world's first proven, modular, hydrogen from waste (HfW) process. 
 
The PowerHouse DMG® process can generate in excess of 1 tonne of road-fuel 
quality H2, and more than 50 MWh of exportable electricity per day. 
 
The PowerHouse process produces low levels of safe residues and requires a 
small operating footprint, making it suitable for deployment at enterprise and 
community level. 
 
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 Waste2Tricity (Protos) Limited 
 
Waste2Tricity (Protos) Limited (W2TP) is the SPV (Special Purpose Vehicle) for 
the implementation of energy-from-waste facilities at the Protos site and has 
been set up by W2T the development partners of PHE. 
 
Waste2Tricity is a structured solutions provider to the energy-from-waste (EfW) 
sector, an industry supplying increasing amounts of electricity using feedstock 
diverted from landfill. 
 
Waste2Tricity works with clients and partners to develop, fund and support EfW 
deployment projects that use proven technology, are profitable and progressive; 
projects that currently use high temperature gasification and either steam 
cycle or internal combustion engines/gas turbines (ICEs/GTs) to efficiently 
convert waste to energy. 
 
For more information see www.waste2tricity.com 
 
 
 
END 
 

(END) Dow Jones Newswires

May 09, 2019 02:00 ET (06:00 GMT)

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