Powerhouse Enrgy Grp Heads of Terms agreed for commercial DMG site
18 Dicembre 2017 - 8:00AM
UK Regulatory
TIDMPHE
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 Tel: +44 (0) 203 368 6399
Keith Allaun, Executive Chairman
WH Ireland Limited (Nominated Adviser) Tel: +44 (0) 207 220 1666
James Joyce / Alex Bond
Turner Pope Investments Ltd (Broker) Tel: +44 (0) 203 621 4120
Ben Turner / James Pope
Buchanan (Media enquiries) Tel: +44 (0) 20 7466 5000
Mark Court / Chris Lane
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
END
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