REG-Powerhouse Enrgy Grp: Appointment of CEO

Powerhouse EnergyAnnouncement

31/01/2022 07:05

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

31 January 2022

Appointment of Chief Executive Officer

Powerhouse Energy Group plc (AIM: PHE), the UK technology company
commercialising hydrogen production from plastic, is delighted to announce
that that it has appointed Paul Drennan-Durose as its Chief Executive
Officer. 

Paul has many years of Board level experience in complex new technology,
distribution, engineering services, and manufacturing companies. He has led
businesses on an international scale and has extensive experience in a range
of sectors, including cleantech energy, oil & gas, waste to energy, process
manufacturing, marine, and the auto industry. Paul brings significant and
diverse commercial, strategic, tactical and transformation experience to
Powerhouse. 

Paul will join Powerhouse on 14 February 2022, having spent over three years
as the investor appointed Chief Executive Officer of Heliex Power Limited, a
private equity backed cleantech energy business. Whilst there, he led the
transformation of the start-up new technology company, leading the roll-out of
its technical and commercial market recovery. 

On being appointed Chief Executive Officer of Powerhouse, Paul Drennan-Durose
said: “I am excited to be joining Powerhouse as we aim to become a global
leader in technology solutions that will help the world transition to clean
energy, as well as help to remove plastic from environments worldwide. It is
set to be an exciting and busy year for Powerhouse which I look forward to
leading, especially the build of the first facility at Protos.”

James Greenstreet, Chairman of Powerhouse, said: “Paul is a valuable
addition to the Powerhouse Board and will bring his expertise in driving
strategy, investment and delivery. Growing Powerhouse internationally with the
roll-out of our clean energy technology is a key priority for Paul and will
help ensure that Powerhouse will be part of the solution to tackling the
world’s waste problem.”

Further regulatory disclosures:

Other than as disclosed below, there are no further disclosures to be made in
accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules
for Companies:

Full Name: Paul Drennan-Durose

Age: 53

Paul Drennan-Durose is, or has during the last five years been, a director or
partner of the following companies and partnerships:

Current Directorships:

N/A

Past Directorships:

Heliex Power Limited

Poole Process Equipment Ltd

Paul Drennan-Durose does not hold any ordinary shares in the Company.

-ENDS-

For more information, contact: 

 Powerhouse Energy Group plc                       Tel: +44 (0) 203 368 6399  
 James Greenstreet, Non-Executive Chairman                                    
                                                                              
 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



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