REG - Powerhouse Energy Gp - AGM Update

Powerhouse EnergyAnnouncement

10/07/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250710:nRSJ4221Qa&default-theme=true

RNS Number : 4221Q  Powerhouse Energy Group PLC  10 July 2025

 

10 July 2025

 

Powerhouse Energy Group Plc

 ("PHE" or the "Company")

 AGM Update

Powerhouse Energy Group Plc (AIM: PHE), a company pioneering integrated
technology that converts non-recyclable waste into low carbon energy with a
revenue generating engineering consulting division ("Engsolve"), is pleased to
provide the following update ahead of its AGM which is being held today.

 

H1 2025 Highlights / Developments:

 

·    Technical centre and Feedstock Testing Unit ("FTU") fully operational

·    Front-End Engineering Design (FEED) completed by Engsolve for National
Hydrogen, Australia

·    Proposed collaboration with Avioxx on the potential of the 2.5TPD unit
(the same size as the FTU) to generate a syngas suitable for SAF production

·    Letter of Intent signed for Hydrogen offtake for Ballymena with B.S.
Holdings Limited

·    Over 25 contacts post Capital Markets Day, held in March, screened
down to 16 feasible opportunities

·    Fundraise of £1.375 million, further strengthening the Company's
balance sheet

·    Engsolve secured contracts of more than £1 million in first four
months of 2025

·    Further patents granted in the US and Europe for the Company's
technology

·    Land option agreement for potential Longford project expired, meaning
no further resource or finance required to be committed to potential project

 

Initiatives for H2 2025:

·    Further progress on pipeline of opportunities including Ballymena
expected

·    Decision taken to market the 2.5TPD DMG units (the same size as the
FTU) as a product

·    Increased marketing of the Company and its technology

·    Set up "agents" on a no win no fee basis to increase the Company's
global reach

·    Increasing support of Altec to pursue further opportunities in
Thailand

 

At the AGM, Paul Emmitt, CEO, will give a presentation which will be made
available on the Company's website this afternoon.

 

 

Paul Emmitt, Chief Executive Officer of PHE, commented:

 

"We have been delighted with the progress that the Company has made in the
first half of the year.  We have seen a very significant uptick in interest
following the completion of the FTU and our CMD whilst also advancing our key
projects. It has also been particularly pleasing to see the excellent
performance from Engsolve which we expect to continue into the second half of
the year.

 

We are already implementing several initiatives which we fully expect to
continue to drive our business forward in the second half of the year and look
forward to providing further updates as these come to develop.

 

Finally, I would like to take this opportunity to thank all our staff for
their hard work and all our shareholders for their continued support."

 

 

For more information, contact:

 

Powerhouse Energy Group Plc

Paul Emmitt, CEO
 
+44 (0) 203 368 6399

Ben Brier, CFO
 
    +44 (0) 203 368 6399

 

Strand Hanson Limited (Nominated & Financial Adviser)

Ritchie Balmer / Rob Patrick / James Harris
                               +44 (0) 207 409 3494

 

SP Angel Corporate Finance LLP (Broker)

Stuart Gledhill / Adam Cowl
                                              +44 (0)
20 3470 0470

 

Tavistock (Financial PR)

Simon Hudson / Nick Elwes
                                             +44 (0)
207 920 3150

powerhouse@tavistock.co.uk (mailto:powerhouse@tavistock.co.uk)

 

 

 

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

 

PHE also incorporates Engsolve Ltd, which is a revenue generating business
offering Engineering Services across all sectors, with speciality services in
the development of new technologies and clean energy.

 

For more information see www.phegroup.com (http://www.phegroup.com)

 

 

 

END

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCRLMATMTJMBBA