PHE Powerhouse Energy Group Plc

 
TIDMPHE 
 
PowerHouse Energy Group plc 
 
                        ("PowerHouse" or the "Company") 
 
                                                                 9th March 2020 
 
          DMG® Development UK Exclusivity Option Agreement with Peel 
 
PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering 
hydrogen production from waste plastic, is pleased  to announce it has signed 
an option to enter into an exclusive agreement for the development of DMG® 
Technology in the UK (the "UK Exclusivity Option Agreement") with Peel 
Environmental (part of Peel L&P) ("Peel"). 
 
Under the UK Exclusivity Option Agreement, Peel has, if it exercises the 
option, committed to lead the engagement with all potential end customers for 
UK based DMG® plants such as councils and waste management companies and will 
facilitate or help facilitate the development of those DMG® plants in 
accordance with the customers' commercial requirements. 
 
The UK Exclusivity Option Agreement is conditional upon and requires the 
completion of the proposed PowerHouse acquisition of Waste2Tricity Limited, 
which is progressing but has yet to be finalised for logistical reasons, 
including the finalisation of a shareholder circular in advance of a general 
meeting. 
 
Peel are well positioned in the UK Energy from Waste sector to deliver 
Powerhouse's ambitious plans for quick and effective roll out of DMG® 
technology thoughout the UK. 
 
Peel not only bring their land bank as potential DMG® plant sites, but also 
their experience of working within communities and with other businesses 
working with end customers' sites and acquiring new sites for DMG® units. 
 
PowerHouse will, if Peel exercises the option, receive GBP500,000 as a one-off 
fee for granting Peel exclusive rights to develop the DMG® Technology in the 
UK. On an ongoing basis, PowerHouse will then be entitled to a licence fee of 
approximately GBP500,000 for each DMG® plant that Peel develops, which will 
become payable when a unit becomes operational. PowerHouse may also earn 
additional fees from technical engineering services and maintenance contracts 
associated with each project if contracted by Peel to do so. 
 
PowerHouse intends to negotitate similar exclusivity arrangements with 
development partners on a country-by-country basis as part of its strategy to 
enable rollout of its DMG® technology in the most effective and speedy manner 
in each region. 
 
David Ryan, CEO of PowerHouse Energy, said: 
 
"We have chosen to work with Peel largely based on the results of the very 
positive engagement we have had with them to date combined with their well 
suited strategic fit as a development partner for delivering an effective and 
sustained roll out of our DMG® technology across the UK. 
 
"They have the resource, reputation and experience as well as a shared vision 
for providing commercially sound solutions to meet the increasing demand for 
energy from waste produced in an environmenentally responsible manner. We very 
much look forward to having a highly productive and mutually profitable working 
relationship with Peel." 
 
Myles Kitcher of Peel commented: 
 
"We have a huge problem with plastic waste in the UK and we desperately need 
new infrastructure to prevent it ending up in landfill or exported overseas. 
With the first plant at Protos recently securing planning consent this 
agreement is the next step in enabling this ground breaking technology to be 
rolled out across the UK. It also fits with our ambitions to deliver low carbon 
energy sources, with the production of hydrogen which can be used as a clean 
fuel for transport. 
 
"We are now looking at other sites where the technology can be deployed, 
including on Peel owned land, as part of our wider plans to develop a complete 
solution for plastic waste. We are looking forward to working in partnership 
with PowerHouse Energy to help local authorities tackle their waste plastics in 
a more sustainable and cost effective way and deliver on the UK's net zero 
ambitions." 
 
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 / Lydia Zychowska 
 
Turner Pope Investments Ltd (Broker) Tel: +44 (0) 203 657 
                                     0050 
 
Andrew Thacker / Zoe Alexander 
 
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 up to 2 tonnes of road-fuel quality 
H2, and more than 58MWh 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 Peel L&P Environmental and Protos 
 
Peel Environmental, part of Peel L&P, owns and develops waste infrastructure 
projects. It has achieved consent for a range of energy infrastructure schemes 
including a 49MW 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.   www.peelenvironmental.co.uk 
 
Peel Environmental brought forward and consented the Protos development, 
previously known as Ince Resource Recovery Park. 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. 
 
www.protos.co.uk  @ThisIsProtos 
 
Protos sits within the Energy Innovation District (EID) which brings together 
energy users, network owners, innovators and partners working alongside 
Cheshire & Warrington LEP, Cheshire West and Chester Council and the University 
of Chester. With the objective of driving down the cost of clean energy the EID 
is an opportunity to deliver a new decarbonised energy system for the North 
West of England, meeting the Government's Clean Growth agenda while boosting 
economic growth and investment. 
 
www.energyinnovationdistrict.com 
 
 
 
END 
 

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