18 December
2017
PowerHouse Energy Group
plc
(“PowerHouse” or the “Company”)
PowerHouse and
Peel Environmental Ltd announce Heads of Terms for siting of
initial commercial Distributed Modular Gasification System
PowerHouse Energy Group plc (AIM: PHE), the pioneer in
distributed waste-to-hydrogen production, announces that it has
reached a Heads of Terms with Peel Environmental Ltd (“Peel”), a
company at the forefront of developing infrastructure for the waste
and environmental technology sectors in the UK, for a 25 year lease
to site its initial commercial DMG® System. The new one
acre site (“the Site”) is conveniently located near the University
of Chester, Thornton Science Park, where the PowerHouse G3-UHt
Research Demonstrator is operating.
After evaluating a number of sites throughout the UK with Peel
and Waste2Tricity Ltd, the Company has determined that this Site
represents an ideal location for its first commercial system. The
Site has access to the National gas grid, the commercial electrical
grid, and also benefits from excellent road and waterway
access.
Terms of the lease with Peel are expected to be finalised in the
New Year. The Company, working in conjunction with Peel, will
immediately commence the planning and permitting process as
required, with the signing of the lease contingent upon achieving
approvals by the appropriate authorities. Surveying activities and
initial site engineering will commence in early 2018 as previously
projected by the Company.
Keith Allaun, CEO of PowerHouse,
said: “We have achieved yet another exciting milestone for the
Company in identifying the site for our first commercial DMG
installation. This site is ideal in terms of its transportation
access as well as relative proximity to Thornton Science Park.
“The hydrogen economy is rapidly being embraced by automobile
manufacturers, and both land-based and maritime industrial
transport companies. This location allows us to deliver
electricity, road-fuel quality hydrogen, and industrial syngas to
clients from multiple sectors.
“Our intention is to build the world’s first DMG®
facility here in the Northwest of England where we have enjoyed so much support
from local industry, councils, and the Northwest Hydrogen Hub. Our
ability to expand on this site is very attractive and will allow us
to target ultimately producing over 2MW of electricity and over 3
tonnes of high-quality hydrogen per day.”
The Company intends to option an additional parcel of land on
the Site for future expansion opportunities.
For more information, contact:
PowerHouse Energy Group
plc
Keith Allaun, Executive Chairman |
Tel: +44 (0) 203 368 6399 |
WH Ireland Limited (Nominated
Adviser)
James Joyce / Alex Bond |
Tel: +44 (0) 207 220 1666 |
Turner Pope Investments Ltd
(Broker)
Ben Turner / James Pope |
Tel: +44 (0) 203 621 4120 |
Buchanan (Media
enquiries)
Mark Court / Chris Lane |
Tel: +44 (0) 20 7466 5000 |
About PowerHouse Energy
PowerHouse Energy Group plc is the developer of the G3-UHt Ultra
High Temperature Gasification unit and the creator of
DMG®, the Distributed Modular Gasification System which
allows for the distributed eradication of waste, the generation of
distributed electricity, and the production of distributed hydrogen
with the world’s first hydrogen from waste process (HfW).
The Company is focused on technologies to enable projects for
energy recovery from municipal and industrial waste streams that
would otherwise be directed to landfills and incinerators; or from
renewable and alternative fuels such as biomass, tyres, and
plastics to create synthesis gas (syngas) for power generation, or
high-quality hydrogen as a fuel for transport.
DMG® allows for easy, economical, deployment and
scaling of an environmentally sound solution to the growing
challenges of waste eradication, landfill diversion, electrical
demand, and distributed hydrogen production.
PowerHouse is quoted on the London Stock Exchange's AIM Market.
The Company is incorporated in the United
Kingdom.
For more information see www.powerhouseenenergy.net