REG-Powerhouse Enrgy Grp: Collaboration agreement with HUI

Powerhouse EnergyAnnouncement

07/10/2021 07:05

7 October 2021

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

Collaboration agreement to deploy  DMG® technology in territories outside
the UK signed with Hydrogen Utopia

Powerhouse Energy Group plc (AIM: PHE), the UK technology company
commercialising hydrogen production from waste plastic, is pleased to announce
that it has entered into a binding collaboration agreement (the
“Collaboration Agreement”) with HU2021 International UK Limited
(“HUI”), a wholly owned subsidiary of Hydrogen Utopia International PLC,
to market the deployment of DMG® technology in territories outside the UK. 

Under the Collaboration Agreement, Powerhouse and HUI have agreed to
pursue the development and implementation of distributed and modular
production of hydrogen and power from waste materials on a commercial basis to
the mutual benefit of each of the parties in Poland, Greece and Hungary (where
HUI has been granted exclusivity) and in other territories outside the UK on a
non-exclusive basis. Powerhouse has also agreed that it may grant HUI
exclusivity over further territories outside the UK subject to the agreement
of a new exclusivity agreement for the relevant territory. Proposed projects
presented to Powerhouse outside the territories in which HUI has been granted
exclusivity can be accepted or declined on a project-by-project basis, with
fees being generated for Powerhouse by IP licence agreements to be agreed at
the time and also, if appropriate, exclusivity agreements.

The Collaboration Agreement creates a framework for the marketing and
development of Powerhouse’s DMG® technology, the use of Powerhouse’s
design materials to identify projects and the relevant intellectual property
licences necessary to facilitate the development and implementation of
projects. The Collaboration Agreement also provides for Powerhouse to provide
services where requested on payment of service fees to assist in developing
and implementing projects.

James Greenstreet, Non-Executive Chairman of Powerhouse Energy Group, said:

“Powerhouse is pleased to sign this collaboration agreement with HUI which
is championing our technology across Europe and potentially the rest of the
world. This agreement provides a framework for us to move forward with
projects with Hydrogen Utopia and will help to deliver our long-term vision
for DMG® technology to be deployed internationally, helping the world
transition to clean energy whilst providing a solution to end-of-life
plastic”.

Aleksandra Binkowska, CEO of Hydrogen Utopia International PLC, said:

"We are delighted to have formalised Hydrogen Utopia’s collaboration
agreement with Powerhouse for all territories outside the UK. We continue to
use our networks and relationships across Europe and the rest of the world to
look to secure project approvals, finance and technical expertise to
facilitate the deployment of DMG® technology. Our mission remains to
accelerate the development of a circular and net zero carbon economy in Europe
and potentially the rest of the world.”

More information about plans for the rollout of the DMG® technology will be
announced in due course.

-ENDS-

For more information, contact: 

 Powerhouse Energy Group plc                       Tel: +44 (0) 203 368 6399  
 James Greenstreet, Non-Executive Chairman                                    
                                                                              
 WH Ireland Limited (Nominated Adviser)            Tel: +44 (0) 207 220 1666  
 James Joyce/ Megan Liddell                                                   
                                                                              
 Turner Pope Investments (TPI) Ltd (Joint Broker)  Tel: +44 (0) 203 657 0050  
 Andrew Thacker / James Pope                                                  
                                                                              
 SisterSmith PR (media enquiries) Becca Smith      Mob: +44 (0) 7766522305    

Notes to Editors:

About Powerhouse Energy Group plc

Powerhouse has developed a proprietary process technology - DMG® - which can
utilise waste plastic, end-of-life-tyres, and other waste streams to
efficiently and economically convert them into syngas from which valuable
products such as chemical precursors, hydrogen, electricity and other
industrial products may be derived. Powerhouse’s technology is one of the
world's first proven, distributed, modular, hydrogen from waste (HfW) process.

The Powerhouse DMG® process can generate up to 2 tonnes of road-fuel quality
hydrogen and more than 58MWh of exportable electricity per day.

Powerhouse’s process produces low levels of safe residues and requires a
small operating footprint, making it suitable for deployment at enterprise and
community level. As announced on 11th February 2020 under its Supplemental
Agreement with Peel Environmental, Powerhouse will receive an annual license
fee of £500,000 in respect of each project which is commissioned.

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

For more information see www.powerhouseenergy.co.uk

About Hydrogen Utopia

Hydrogen Utopia International PLC was founded in 2020 by Aleksandra Binkowska
and has subsequently received financial backing from a number of high net
worth investors.  HUI will initially focus its proposed rollout of
DMG® technology on areas where substantial EU and/or government funded
sources of grants and loans are available, such as the EU’s “Just
Transition Fund” which was set up to help fossil fuel dependent communities
such as Konin in Poland transition towards climate neutrality, or where
substantial private sector backing is accessible.

For more information see www.hydrogenutopia.eu/



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