REG - Powerhouse Energy Gp - Granting of GB Patent Application

Powerhouse EnergyAnnouncement

21/05/2024 10:00

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RNS Number : 2821P  Powerhouse Energy Group PLC  21 May 2024

21st May 2024

 

 

 

Powerhouse Energy Group Plc

 (the "Company" or "PHE")

 

Granting of GB Patent Application

 

Powerhouse Energy Group Plc (AIM: PHE), a company pioneering integrated
technology that converts non-recyclable waste into low carbon energy, is
pleased to announce that it's GB Patent Application No GB1910309.2; "Treatment
of waste producing recirculated combustible" has been granted.

 

This patent gives intellectual property protection in the UK around the
utilisation of recirculated synthesis gas to heat one or more chambers and the
utilisation of recirculated synthesis gas to provide electrical power via a
gas generator to increase the efficiency of the process and allow the process
to be "self-sustaining" when in operation, by removing the reliance on an
external gas source.

 

This is another significant milestone for Powerhouse providing validation of
the work undertaken by the team on its technology to create a novel solution
that will allow Powerhouse to disrupt the clean energy market.

 

The UK, in particular, is expected to become a key market and the granting
of patent protection is therefore an extremely important step for the
Company. Powerhouse are already in discussions with a number of clients,
from a diverse range of industries and sectors, each of which require a
solution for their waste whilst seeking to reduce their reliance on virgin
fossil fuels.

 

The Company also looks forward to progressing its other patent applications
within Europe and the rest of the world.

 

 

 

Paul Emmitt, CEO of PHE commented:

"We are delighted to have secured this GB patent, which will allow us to
accelerate the development of commercial applications for our technology.
 This also validates the engineering work that has gone into getting us to
this point, and the Company's continuous drive towards our first commercial
application."

 

 

This announcement contains inside information for the purposes of the UK
version of 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.

 

 For more information, contact:

 Powerhouse Energy Group plc                                +44 (0) 203 368 6399

 Paul Emmitt

 Strand Hanson Limited (Nominated & Financial Adviser)      +44 (0) 207 409 3494

 Ritchie Balmer

 James Harris

 Rob Patrick

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

 Andrew Thacker

 James Pope

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

 Simon Hudson

 Nick Elwes

 Saskia Sizen

 

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 Group also incorporates Engsolve Ltd, who offer Engineering
Services across all sectors with speciality services in the development of new
technologies and clean energy.

 

Powerhouse Energy is quoted on the London Stock Exchange's AIM Market under
the ticker: PHE and is incorporated in England and Wales.

 

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

 

 

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