REG - Powerhouse Energy Gp - Technical Centre Update

Powerhouse EnergyAnnouncement

16/04/2024 07:00

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RNS Number : 6983K  Powerhouse Energy Group PLC  16 April 2024

16 April 2024

 

Powerhouse Energy Group plc

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

Technical Centre Update

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 the manufacturing of the 2.5 tonne per day kiln for
the Feedstock Testing Unit (FTU) has been completed. The Powerhouse designed
kiln, which has been manufactured by AGICO of China, is now being shipped to
the Company's Technical Centre in Bridgend, having left AGICO facility on 15
April, to meet the shipping vessel on 29 April 2024.

AGICO was chosen to provide the kiln after much research, and an independent
verification of their facilities, processes, and workmanship by SGS Société
Générale de Surveillance SA (SGS). The Company also utilised the services of
SGS to oversee packing and preparation for shipment. Shipping is expected to
take approximately 45 days to reach the Technical Centre, following which
installation will occur.

PHE has also placed orders for the Gas cleaning system (from VUM Gmbh of
Germany), Gas analysing system (from ABB Ltd) and all other major ancillary
equipment required to complete the installation process. Work has continued
within the facility and a new ventilation system has been installed and
commissioned. In addition, the feedstock delivery system is in an advanced
state of design. The team is also working to improve on the stated Q4 2024
date for operational delivery of the FTU.

Powerhouse looks forward to being able to open the Technical Centre to our
investors and clients and will provide further updates in due course.

Paul Emmitt, Chief Executive Officer of PHE, commented:

"This is a huge milestone for Powerhouse, and we delighted to have achieved
this given the issues and delays caused by the liquidation of our previous
supplier Mitchel Dryers Kingmoor. We are looking forward to the completion of
the FTU towards the end of the year which will allow us to accelerate the
development of commercial applications for our technology.

 

"I would thank our shareholders for their patience as this has been a long
time coming and look forward to providing further updates in due course."

 

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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