Powerhouse Energy
Group plc
("Powerhouse" or
the "Company")
11 May
2022
Response to
speculation
Powerhouse Energy Group plc (AIM:
PHE), the UK technology company commercialising hydrogen production
from plastic, is aware of speculation on an investor forum
website that it may enter a Joint Venture with Hydrogen Utopia
International plc (“HUI”) in a proposed waste to hydrogen facility
in Ireland.
Whilst the Company has had
dicussions with HUI on a project opportunity in Ireland, the board is considering the proposal
and how it may become involved in the potential project which is at
a very eary stage. However the Company cautions that there is no
agreement in place and that there is no certainty it will decide to
pursue any such opportunity.
-ENDS-
For more information,
contact:
Powerhouse Energy Group
plc |
Tel: +44 (0) 203 368 6399 |
Paul Drennan-Durose |
|
|
|
WH Ireland Limited (Nominated
Adviser) |
Tel: +44 (0) 207 220 1666 |
James Joyce / Megan Liddell |
|
|
|
Turner Pope Investments (TPI) Ltd
(Joint Broker) |
Tel: +44 (0) 203 657 0050 |
Andrew Thacker / James Pope |
|
|
|
SisterSmith PR
(media enquiries)
Becca Smith |
Mob: +44 (0) 7766522305 |
Notes to Editors:
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.
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 or 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 £500,000 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.co.uk