REG-Powerhouse Enrgy Grp: Directorate Change

Powerhouse EnergyAnnouncement

25/09/2020 07:05

Powerhouse Energy Group Plc
("Powerhouse" or the "Company")

Change of Directorate

25 September 2020

Powerhouse Energy Group plc (AIM: PHE), the UK technology company
commercialising hydrogen production from waste plastic, announces that after
almost three years in the role of Chairman of the Board and a successful fund
raise of £5 million, Dr Cameron Davies is handing over the Chair to Tim Yeo,
a fellow non-executive director and deputy chair, with immediate effect. Dr
Davies will continue to serve shareholders as a non-executive director of the
Company.

Tim Yeo, Chairman of Powerhouse, said the following: 

"On behalf of the whole Board and all our shareholders I would like to express
my warmest thanks to Cameron for his dedication and hard work as Chairman. We
are all pleased that we will still have the benefit of his wise counsel as he
will continue as a non-executive director.

“I am honoured to be appointed Chairman of Powerhouse as it stands on the
threshold of a new era in its history with the initiation of the Protos
application of our DMG technology. Our urgent task now is to start building
our first commercial scale plant and bring forward the day when the world can
benefit from the huge environmental benefits which our technology will
deliver."

For more information, contact:

 Powerhouse Energy Group plc                 Tel: +44 (0) 203 368 6399  
 David Ryan, Chief Executive Officer                                    
                                                                        
 WH Ireland Limited (Nominated Adviser)      Tel: +44 (0) 207 220 1666  
 James Joyce / Lydia Zychowska                                          
                                                                        
 Turner Pope Investments Ltd (Joint Broker)  Tel: +44 (0) 203 657 0050  
 Andrew Thacker / Zoe Alexander                                         
                                                                        
 Ikon Associates (Media enquiries)           Tel: +44 (0) 1483 271291   
 Adrian Shaw                                 Mob: +44 (0) 7979 900733   

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
H2, 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, PHE 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.net

About the Protos project

The first application of the Powerhouse DMG technology is to be built at the
Protos Site, a Peel L&P energy park development on a 54-hectare site known as
‘Protos’ near Ellesmere Port, Cheshire, England. The site is the first
development by Peel L&P under the Collaboration Agreement.

The planning permission for the application was submitted in September 2019
and, on 3 March 2020, the Cheshire West and Chester planning committee
approved the planning application for the DMG Technology to be utilised on the
Protos Site.



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