REG - Powerhouse Energy Gp - Engsolve Trading update

Powerhouse EnergyAnnouncement

20/05/2025 09:00

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RNS Number : 3907J  Powerhouse Energy Group PLC  20 May 2025

 

20 May 2025

 

Powerhouse Energy Group Plc

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

 

Engsolve Trading 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 announce a trading
update for its wholly owned subsidiary, Engsolve.

Engsolve secured contracts worth just over £1 million in the first four
months of 2025. The contracts gained are made up of both new and returning
clients encompassing work from Front End Engineering Design ("FEED"), Owners
Engineer Support, process safety and design, as well as design and build of
lab scale and pilot facilities for new technology providers.

The largest of these contracts being:

·    FEED for National Hydrogen, which commenced in January and is due to
be completed at the end of May 2025

·    Owners Engineer Support for Wastefuel of America on a large-scale
Bio-Methanol facility

·    Design and build of a first of a kind Aluminium Recycling process
(confidential client)

·    Further support to TrimTabs for the development of their novel Carbon
Nano tube process

All the contracts won in the first four months are in addition to ongoing
projects, whilst also supporting PHE. Engsolve also has a number of contracts
still in negotiation.

These contracts, as well as the strong pipeline that we are seeing for the
rest of the year, now necessitate growing the Engsolve team.  The Company
will be recruiting additional appropriate staff over the coming months.

Paul Emmitt, Chief Executive Officer of Powerhouse, commented:

"This is a fantastic start to the year for Engsolve and proves that there
remains a substantial opportunity to grow the business in its own right, as
well as a subsidiary of PHE. The fact that we have already secured contracts
similar in size to last year's turnover in just the first four months of 2025
is testament to the teams' hard work and professionalism, as well as the
growing reputation and expertise of Engsolve.

"It is also very encouraging that new technology developers are seeing the PHE
pilot plant and seeking Engsolve services in the development of their
technology as well as the building of their own pilot plants.

"We look forward to continuing the growth and will provide further updates in
due course."

 

For more information, contact:

Powerhouse Energy Group Plc

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

Strand Hanson Limited (Nominated & Financial Adviser)

Ritchie Balmer / Rob Patrick
                        +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)

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended.

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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