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% 0.425p 0.39p 0.44p 0.425p 0.425p 0.425p 0 07:46:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Powerhouse Enrgy Grp Lease agreed for hydrogen development site

10/04/2019 7:00am

UK Regulatory (RNS & others)


 
TIDMPHE 
 
PowerHouse Energy Group plc 
                    ("PowerHouse Energy" or the "Company") 
 
10 April 2019 
 
        Development Partner agrees Lease for Hydrogen Development Site 
 
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 development partner, Waste2Tricity Limited ("W2T"), has concluded 
negotiations and signed an agreement with Peel Environmental for an 124 year 
lease of a plot on the 54-acre Protos energy hub site, an important milestone 
in its plan to build a waste plastic to hydrogen and power facility. 
 
This is expected to the be the first full scale commercial site for 
Powerhouse's proprietary hydrogen from waste DMG® technology, an important step 
in PowerHouse Energy's commercialisation strategy. PowerHouse Energy and W2T 
will now seek to conclude the arrangements for the sale and license of the DMG® 
technology for this site as well as W2T completing the power purchase agreement 
and a plastic feedstock supply necessary to finalise its funding. 
 
The Protos site, located near Ellesmere Port in Cheshire, is being developed by 
Peel Environmental, part of Peel L&P and a subsidiary of the Peel Group, one of 
Britain's leading infrastructure, transport and real estate companies. The GBP 
700m energy hub clusters complementary businesses, including energy intensive 
industries, associated supply chain and energy generation. 
 
David Ryan, CEO of PowerHouse Energy, commented: 
 
"This is a significant strategic development for PowerHouse Energy as our 
development and operational partners W2T and Peel both share the vision for 
hydrogen in the North West. 
 
"We look forward to concluding our own contractual arrangements shortly which 
together with the plastic feed and energy use agreements currently being 
progressed by our partners  are all stepping stones to bringing the development 
to financial close. 
 
 "We believe the Protos site to be an ideal location to showcase our DMG® 
technology in action on a fully commercial basis and demonstrate the 
considerable value this technology delivers, paving the way for other contracts 
in the pipeline to come to fruition." 
 
Myles Kitcher, Managing Director of Peel Environmental commented: 
 
"We are delighted to be working in partnership with W2T and PowerHouse Energy 
to deliver this 'UK first' waste to hydrogen project. This project sums up the 
vision for Protos - a closed loop solution where innovative technologies are 
used to create value from waste and provide low carbon energy sources. Not only 
will this help tackle the problem of waste plastics, it will provide a local 
source of hydrogen which could be used as a clean and low cost fuel for buses 
and HGVs across the region. We see this as the first of many opportunities to 
roll out the technology across other Peel sites in the UK." 
 
John Hall, Chairman of Waste2Tricity commented: 
 
"We are extremely pleased to be developing this site using the DMG® technology, 
we believe it will be the first of many in UK and elsewhere globally. The 
Protos site is ideally located in the North West, with discussions underway 
with initial suppliers of unrecyclable plastic feedstock including from other 
potential tenants within the park. 
 
"We look forward to progressing to build this facility with PowerHouse Energy 
and Peel and the bright future ahead for responsible energy recovery." 
 
                                     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 Viggor 
 
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 28MW/h 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 
 
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 
 
About Peel Environmental and Protos 
 
Peel Environmental, part of Peel Land and Property (Peel L&P), owns and 
develops waste infrastructure projects. It has achieved consent for a range of 
energy infrastructure schemes including a 35MW Energy from Waste plant at 
Protos in Cheshire, 21MW Energy from Waste plant and 250,000tpa AD and MRF in 
Glasgow; and a 20MW Energy Centre at Houghton Main, Barnsley. Peel works with 
investors, waste management companies, technology providers and contractors to 
secure a deliverable business model for each project. 
 
Peel Environmental brought forward and consented the Protos development, 
previously known as Ince Resource Recovery Park. Protos is the destination of 
choice for energy, innovation and industry. Boasting unrivalled connections to 
some of the region's biggest industrial forces, Protos is a strategic energy 
hub at the core of the Northern Powerhouse. 
 
The 54ha (134 acres) development site has full outline planning consent and 
part detailed planning consent for general manufacturing and distribution uses 
(B1, B2 & B8), as well as a biomass facility and an Energy from Waste facility. 
Set on the south bank of the Manchester Ship Canal in the North West of 
England, the site is ideally placed to become an industrial micro-climate, with 
enviable transport links providing access to UK and International markets and 
surrounding industrial heartland. 
 
For more information about Protos visit: www.thisisprotos.com 
 
 
 
END 
 

(END) Dow Jones Newswires

April 10, 2019 02:00 ET (06:00 GMT)

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