RCS - Powerhouse Enrgy Grp - University of Manchester gains government funding

Powerhouse EnergyAnnouncement

11/11/2022 07:16

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RNS Number : 0447G  Powerhouse Energy Group PLC  11 November 2022

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11(th) November 2022

 

Powerhouse Energy Group Plc

 (the "Company" or "PHE")

 

University of Manchester receives government funding on recovery of hydrogen

 

Powerhouse Energy Group Plc (AIM: PHE), a company pioneering integrated
technology that converts non-recyclable waste into low carbon energy, is
pleased to report research funding granted to The University of Manchester in
the development and validation of a novel, cost effective and potentially
game-changing hydrogen separation technique that extracts hydrogen from
synthesis gas ("syngas") produced by PHE's DMGâ process.

 

A team of researchers at the University, led by Dr Amir Keshmiri has received
government funding to work with PHE to undertake the project, which is
initially funded by the EPSRC Impact Acceleration Account grant. The objective
of the work is to enable and encourage swifter adoption of local, cleaner, low
carbon energy, addressing the growing unrecyclable waste issue whilst working
within the existing waste hierarchy framework. Any commercialisation of the
project would directly support achieving the UK Government's Low Carbon
Hydrogen Strategy target of 5GW of installed capacity by 2030.

Paul Emmitt, Chief Operating Officer and Executive Director of PHE, commented:

"The project will allow PHE to edge closer to overcoming significant cost
barriers through innovation to deliver the next generation of cleaner energy
technology. The pioneering technique, if commercialised, would enable the
faster rollout of low carbon hydrogen. The project has the potential to
significantly reduce the cost of hydrogen extraction from syngas."

 

Dr Amir Keshmiri, Associate Professor in Computational Fluid Dynamics
at The University of Manchester, said:

 

"The collaboration with PHE allows The University of Manchester to be at the
forefront of high-impact, game-changing technology development within the
emerging clean hydrogen energy sector - also allowing the academic team to
capitalise on the bespoke hydrogen models developed to a wider audience."

 

 

Keith Riley, Interim Chairman and Acting Chief Executive Officer of PHE,
commented:

 

"I am particularly pleased to hear that the research application has been
funded. There is strong competition for academic research funding, and this
shows that the production and utilisation of hydrogen as our future source of
energy is being taken seriously. I also fundamentally believe in industry
working with and supporting academia, as this is essential for the future
development of not just PHE, but British industry in general. The University
of Manchester has been assisting PHE in our technical development and I look
forward to continuing this relationship."

 

 

 

For more information, contact:

 

 Powerhouse Energy Group plc                       powerhouse@tavistock.co.uk (mailto:powerhouse@tavistock.co.uk)

 Keith Riley

 WH Ireland Limited (Nominated Adviser)            +44 (0) 207 220 1666

 James Joyce

 Enzo Aliaj

 Turner Pope Investments (TPI) Ltd (Joint Broker)  +44 (0) 203 657 0050

 Andrew Thacker

 James Pope

 Tavistock (Financial PR)                          powerhouse@tavistock.co.uk (mailto:powerhouse@tavistock.co.uk)

 Simon Hudson

 Nick Elwes

 Heather Armstrong

 

About The University of Manchester

More information on the University of Manchester can be found on
www.manchester.ac.uk (http://www.manchester.ac.uk)

 

About Dr Amir Keshmiri

 

Dr Amir Keshmiri is a Reader/Associate Professor in Computational Fluid
Dynamics and the Head of Business Engagement in the Faculty of Science &
Engineering. More information on Dr Keshmiri can be found at
www.research.manchester.ac.uk/portal/A.Keshmiri.html
(http://www.research.manchester.ac.uk/portal/A.Keshmiri.html)

 

About EPSRC Impact Acceleration Account

 

More information on the EPSRC Acceleration Account can be found on
www.ukri.org/what-we-offer/supporting-innovation/innovation-epsrc/funding-for-impact/#:~:text=Impact%20Acceleration%20Accounts%20%28%20IAAs%29%20are%20strategic%20awards,ways%2C%20aligned%20to%20their%20institutional%20strategies%20and%20opportunities
(http://www.ukri.org/what-we-offer/supporting-innovation/innovation-epsrc/funding-for-impact/#:~:text=Impact%20Acceleration%20Accounts%20%28%20IAAs%29%20are%20strategic%20awards,ways%2C%20aligned%20to%20their%20institutional%20strategies%20and%20opportunities)

 

About the UK Government's Low Carbon Hydrogen Strategy

More information on the UK Government's Low Carbon Hydrogen Strategy can be
found on
www.gov.uk/government/publications/uk-hydrogen-strategy/uk-hydrogen-strategy-accessible-html-version
(http://www.gov.uk/government/publications/uk-hydrogen-strategy/uk-hydrogen-strategy-accessible-html-version)

 

About Powerhouse Energy Group plc

Powerhouse Energy has developed a process technology which can utilise waste
plastic, end-of-life-tyres, and other waste streams to convert them
efficiently and economically into syngas from which valuable products such as
chemical precursors, hydrogen, electricity, heat and other industrial products
may be derived.

 

Powerhouse Energy's process produces low levels of safe residues and requires
a small operating footprint, making it suitable for deployment at enterprise
and community level.

 

Powerhouse Energy 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
(http://www.powerhouseenergy.co.uk)

 

 

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