PHE Powerhouse Energy Group Plc

 
TIDMPHE 
 
17th December 2020 
 
                          Powerhouse Energy Group plc 
 
                         Operational progress update 
 
Powerhouse Energy Group plc (AIM: PHE) ("Powerhouse" or the "Company"), the 
sustainable hydrogen company pioneering hydrogen production from waste plastic, 
is pleased to provide an update on operational progress since the AGM held in 
September 2020. 
 
We are pleased to announce that Peel L&P Environmental ("Peel") has commenced 
site preparation for the first commercial DMG® plant at Protos with initial 
ground works. Peel has also embarked on phase 2 of infrastructure works at 
Protos which include the preparation of access roads and laydown areas for the 
works and utility service installation on Protos Plot 10b where the DMG® plant 
will be installed. 
 
This site work is ongoing whilst contract and post FEED (Front-End Engineering 
Design) engineering definition proceeds for the site including: 
 
  * Negotiations with potential construction delivery contractors; 
  * Safety system procurement and the implementation of operational safety 
    systems based on a HAZOP (Hazard and Operability Analysis study) study for 
    Powerhouse's DMG process for the Protos application which has been 
    successfully completed by a joint team of Powerhouse, Peel and the 
    engineering consultants ; 
  * Provision of operational definition material for a future Operations & 
    Maintenance contract tender; and 
  * Further refinement to the construction measures to be applied in line with 
    modular build strategy. 
 
Powerhouse has successfully recruited qualified and experienced operational and 
technical staff this quarter, building the team in engineering with senior 
process engineers, application engineers and support staff joining the team to 
be based at the Thornton research and development centre, supporting further 
technical advancements , Protos project activites and new business 
development. 
 
To facilitate expansion of the DMG® technology, Powerhouse has developed a 
design for a solution that can export larger volumes of hydrogen, broadening 
the scope for Peel to engage with smaller fleet consumers of hydrogen who 
require supply to their own or third party off-site locations. In this 
context, Peel has been progressing two sites through pre-planning engineering, 
to incorporate these new DMG technology improvements. Consultation with the 
local council authorities is expected to be initiated shortly. 
 
Powerhouse has welcomed the UK Government's recent ten point plan for a green 
industrial revolution, which highlighted the need for hydrogen production in 
order to reach net zero and reduce carbon emissions. 
 
Commenting on progress, Tim Yeo, Executive Chairman of Powerhouse Energy, said: 
 
"We welcome the commencement of activity at Protos with clearance of the site 
where the first commercial scale plant will be built, which will help 
accelerate the UK's clean energy transition. Powerhouse is getting down to 
business ahead of intense activity expected in 2021 as demand for our waste 
plastic to hydrogen technology gains rapid momentum. The Company has 
strengthened the board and appointed a number of key experts to our operational 
team. I am looking forward to the next year as the opportunity for Powerhouse 
continues to grow and our clean energy technology can become part of the 
solution to air pollution and waste plastic". 
 
                                     ENDS 
 
For more information, contact: 
 
Powerhouse Energy Group plc        Tel: +44 (0) 203 368 
                                   6399 
 
Tim Yeo, Executive Chairman 
 
WH Ireland Limited (Nominated      Tel: +44 (0) 207 220 
Adviser)                           1666 
 
James Joyce / Lydia Zychowska 
 
Turner Pope Investments Ltd (Joint Tel: +44 (0) 203 657 
Broker)                            0050 
 
Andrew Thacker 
 
Ikon Associates (media enquiries)  Tel: +44 (0) 1483 
                                   271291 
 
Adrian Shaw                        Mob: +44 (0) 7979 
                                   900733 
SisterSmith PR (media enquiries) 
Becca Smith                        Mob: +44 (0) 
                                   7766522305 
 
Notes for editors: 
 
About Powerhouse Energy Group plc 
 
Powerhouse, the sustainable hydrogen company, 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 GBP500,000 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.net 
 
 
 
END 
 

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December 17, 2020 02:00 ET (07:00 GMT)

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