PHE Powerhouse Energy Group Plc

 
TIDMPHE 
 
14 August 2019 
 
                          PowerHouse Energy Group plc 
 
                        ("PowerHouse" or the "Company") 
 
                  Annual General Meeting Chairman's Statement 
 
PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering 
hydrogen production from waste plastic, advises that at its Annual General 
Meeting ("AGM") which will take place at 12 noon today, 14 August 2019, at the 
offices of WH Ireland, 24 Martin Lane, London EC4A 0DR, the Chairman, Dr 
Cameron Davies, will make the following statement: 
 
"We have announced our first build for a commercial DMG® plant at the Protos 
Energy Park and the first stage of the engineering work has been completed 
allowing public and council consultation on behalf of our customers to 
facilitate planning submission. 
 
We have engaged with the engineering and contracting community and we have a 
number of quality assured delivery contractors for the stream of projects, 
including delivery options for international orders. Now with the active 
engagement of Peel, we anticipate taking this project to financial close as 
part of a funding arrangement for the eleven potential projects. 
 
During this year we have streamlined our business focussing on the delivery of 
the first plant and in line with this we have secured first revenues and are 
now looking to receive trialling revenues from the equipment at the Energy 
Centre at University of Chester. 
 
The consultancy, installation, operation and plant licensing revenues that 
these projects will deliver are the foundation of the company business and the 
Board is confident that the commencement of our paid activities and the ever 
growing level of commercial engagements, augmented now by Peel will  provide 
the necessary platform to establish PHE as a sustainable and profitable 
business with a strong market presence in the hydrogen economy. 
 
Immediately following this announcement my colleague David Ryan, CEO of 
PowerHouse Energy Group, will give a strategic and operational update, the full 
supporting presentation of which is available on our website." 
 
For more information, contact: 
 
PowerHouse Energy Group plc          Tel: +44 (0) 203 368 
                                     6399 
 
David Ryan, Chief Executive Officer 
 
WH Ireland Limited (Nominated        Tel: +44 (0) 207 220 
Adviser)                             1666 
 
James Joyce / Chris Savidge 
 
Turner Pope Investments Ltd (Joint   Tel: +44 (0) 203 621 
Broker)                              4120 
 
Ben Turner / James Pope 
 
Ikon Associates (Media enquiries)    Tel: +44 (0) 1483 
                                     271291 
 
Adrian Shaw                          Mob: +44 (0) 7979 
                                     900733 
 
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. 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 58MW/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 
 
 
 
END 
 

(END) Dow Jones Newswires

August 14, 2019 05:04 ET (09:04 GMT)

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