REG-Powerhouse Enrgy Grp: Development Partner Update

Powerhouse EnergyAnnouncement

02/07/2021 07:10

2(nd) July 2021 

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

Development Partner Update

Powerhouse Energy Group plc (AIM: PHE), the UK technology company
seeking   to commercialise hydrogen production from non-recyclable waste
plastic, announces its partner, Peel NRE, part of Peel L&P, has signed a
Letter of Intent to supply hydrogen from its planned roll out of plastic to
hydrogen facilities to Element 2’s proposed network of hydrogen refuelling
stations. 

Peel NRE is Powerhouse’s exclusive development partner for the technology in
the UK

Under the terms of the DMG Development UK Exclusivity Option Agreement between
Peel NRE and Powerhouse (first announced on 9 March 2020), Peel NRE is
proposing to develop a hydrogen refuelling station which will take hydrogen
produced by Powerhouse technology, from the consented plastic to hydrogen
facility at Protos, Cheshire. 

There are also plans to develop a hydrogen refuelling station at Peel NRE’s
planned plastic to hydrogen facility in North Clyde, near Glasgow.

Whilst the Company is very encouraged by these developments it should be noted
that there is no guarantee the facilities will be completed and that the
arrangements remain subject to legally binding agreements 

Tim Yeo, Executive Chair, said: “We welcome Peel’s plans to supply
hydrogen to Element 2 at Protos with the hydrogen being produced by Powerhouse
technology.  This would be a significant step in kickstarting the UK’s
infrastructure for the hydrogen economy, helping accelerate the country’s
clean energy transition”.

-ENDS-

For more information, contact: 

 Powerhouse Energy Group plc                       Tel: +44 (0) 203 368 6399  
 Tim Yeo, Executive Chairman                                                  
                                                                              
 WH Ireland Limited (Nominated Adviser)            Tel: +44 (0) 207 220 1666  
 James Joyce/ Lydia Zychowska                                                 
                                                                              
 Turner Pope Investments (TPI) Ltd (Joint Broker)  Tel: +44 (0) 203 657 0050  
 Andrew Thacker                                                               
                                                                              
 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



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