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Share Name Share Symbol Market Type Share ISIN Share Description
Powerhouse Energy Group Plc LSE:PHE London Ordinary Share GB00B4WQVY43 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.095 -2.57% 3.60 3.40 3.80 3.7775 3.60 3.65 4,513,610 16:07:43
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 0.1 -16.0 -0.6 - 141

Powerhouse Enrgy Grp Project update

03/06/2021 7:00am

UK Regulatory (RNS & others)


 
TIDMPHE 
 
3rd June 2021 
 
                          Powerhouse Energy Group plc 
 
                        ("Powerhouse" or the "Company") 
 
                                Project Update 
 
Powerhouse Energy Group plc (AIM: PHE), the UK technology company 
commercialising hydrogen production from non-recyclable waste plastic, is 
pleased to announce that it has ordered the critical key alloy material to be 
used in the manufacture for the DMG Advanced Thermal Conversion Technology 
process. It is to be installed at the first plastic to hydrogen facility which 
will be located at Peel NRE's - part of Peel L&P - strategic energy and 
resource hub Protos in Ellesmere Port. 
 
The alloy material has been ordered by Protos Plastics to Hydrogen No. 1 
Limited, the Peel NRE Special Purpose Vehicle (the "SPV"). The procurement was 
funded from the recent loan agreement from PHE which is set to provide up to £ 
3.8 million to the SPV. 
 
The alloy material has the necessary high temperature corrosion resistance 
whilst providing the strength and lifetime durability necessary for application 
in the Thermal Conversion Chamber (TCC). The material was selected after four 
years of research by the Powerhouse team our suppliers and material specialist 
consultants. 
 
With this commencement of the procurement process, the project development 
managers King Associates are also engaging with all the long lead suppliers to 
finalise contracts for other critical components. 
 
David Ryan, Chief Executive Officer of Powerhouse Energy Group, said: 
 
"Over four years of the technology development team's work has gone into this 
procurement decision. I would like to thank all involved, including Peel NRE 
for their commitment and I look forward to seeing the material worked into the 
Protos chamber fabrication later in the year." 
 
Myles Kitcher, Non-Executive Director of Powerhouse and Managing Director of 
Peel NRE, part of Peel L&P, said: 
 
"The material on order sets the path for delivery of this important project for 
the creation of hydrogen from waste plastic in the UK." 
 
                                    -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  (TPI) Ltd      Tel: +44 (0) 203 657 
(Joint Broker)                          0050 
 
Andrew Thacker 
 
SisterSmith PR (media enquiries) 
Becca Smith                             Mob: +44 (0) 7766522305 
 
Notes to Editors: 
 
About Powerhouse Energy Group plc 
 
Powerhouse 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 £500,000 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.co.uk 
 
About Peel NRE - Re-energising Natural Resources 
 
Peel NRE, part of Peel L&P, is at the heart of the nation's activity around 
clean growth and the circular economy - helping the UK achieve net zero by 2050 
and supporting regions in their actions to achieve climate emergency targets. 
 
We reuse, repurpose and re-energise natural resources to develop and maintain 
vital infrastructure across the UK and are experts in renewable energies, 
district heating, waste to value, water management, materials management and 
electric vehicle charging. 
 
Our Protos Cheshire energy and resource hub leads the way in low carbon energy 
and waste management through innovative technologies including the UK's first 
plastic-to-hydrogen facility, a 50MW windfarm, a 26MW biomass plant, a 49MW 
energy from waste plant in construction and a plastic park blueprint to 
revolutionise plastic recycling nationwide. 
 
More about Peel NRE at www.peellandp.co.uk/peelnre 
 
 
 
END 
 
 

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June 03, 2021 02:00 ET (06:00 GMT)

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