REG - Powerhouse Energy Gp - Australian Project update

Powerhouse EnergyAnnouncement

01/12/2025 07:00

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RNS Number : 5141J  Powerhouse Energy Group PLC  01 December 2025

 

1 December 2025

 

Powerhouse Energy Group Plc

("Powerhouse", "PHE" or the "Company")

 

Australian Project update

Powerhouse (AIM:PHE), a company pioneering integrated technology that converts
non-recyclable waste into low carbon energy together with a revenue generating
engineering consulting division (Engsolve), is pleased to provide the
following update regarding its Framework Agreement with National Hydrogen of
Australia (NH2).

Further to the Company's announcement dated 30 June 2025, NH2 has now
established the project SPV "National Waste to Energy", in which PHE will hold
a 5% equity stake, in return for support the Company is providing to NH2 (and
the SPV) to take FID on its Perth project. As part of working towards this,
NH2 has also received a signed Offer to Lease from the Western Australian
Government for up to 50 years, for a strategically located and appropriately
zoned site which is large enough to accommodate two of Powerhouse's patented
Distributed Modular Generation ("DMG") trains in the Rockingham Strategic
Industrial Area, just south of Perth.

The project being delivered is expected to be undertaken in a phased approach
as outlined below:

·    Phase 1 - Construction of a single ~40 Tonne per Day ("TPD") train
DMG producing power

·    Phase 2 - the initial ~40 TPD single train will have a pre-deigned
Hydrogen separation and compression unit added to allow Hydrogen production as
the hydrogen market grows for heavy transport solutions

·    Phase 3 - Construction of a second ~40 TPD DMG train.

National Waste to Energy has also completed a power offtake agreement with the
largest independent commercial energy provider in Perth and wider Western
Australia. In addition, National Waste to Energy has secured a feedstock
agreement for sorted mixed plastics with a company that has very significant
experience in the waste management business.

PHE are also supporting NH2 with the provision of technical documentation such
as Patents, FEED package, license agreements etc, for a large UK based,
international commercial finance company currently undertaking financial due
diligence on the project.

As this is a client driven project, the Company is working to their timescales
and will provide further updates as they are available.

 

Paul Emmitt, Chief Executive Officer of Powerhouse, commented:

"The creation of the SPV, the signed Offer to Lease and the progression of
funding are significant steps forward in our collaboration with National
Hydrogen and a further huge endorsement of our DMG process.  We are delighted
to be an incoming shareholder in the SPV; working on this project with
National Hydrogen, as well as further building on our relationship with them
and supporting them to deliver other projects."

 

For more information, please visit www.phegroup.com (http://www.phegroup.com)
or contact:

 

 Powerhouse Energy Group Plc
 Paul Emmitt, CEO                                           Via Tavistock below
 Ben Brier, CFO

 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

 Longspur Capital Limited (Financial Adviser & Broker)      +44 (0) 203 940 6608
 Nick Stamp / Adam Robertson

 Tavistock (Financial PR)                                   +44 (0) 207 920 3150
 Simon Hudson / Nick Elwes / Saskia Sizen                   powerhouse@tavistock.co.uk (mailto:powerhouse@tavistock.co.uk)

 

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

 

About Powerhouse Energy Group Plc

Powerhouse 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) and
www.engsolve.com (http://www.engsolve.com)

 

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