REG-Powerhouse Enrgy Grp: Directorate Changes

Powerhouse EnergyAnnouncement

04/02/2022 07:05

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

4 February 2022

Board appointments

Powerhouse Energy Group plc (AIM: PHE), the UK technology company
commercialising hydrogen production from plastic, is pleased to announce
that that it has appointed Russell Ward and Hugh McAlister as Non-Executive
Directors with immediate effect. 

Russell Ward has many years’ experience at board level across a range of
sectors including power and energy, oil and gas, materials handling and
processing, infrastructure and rail, and electronics and military systems and
has a strong record of performance turnaround and business expansion. His
skills include operational leadership and strategic development and he has
strong relationships with private equity and other investors.

Russell was the chief executive office of Motherwell Bridge Limited, a global
engineering group where he led the turnaround of the business, selling it to
Cape Plc in 2014 where he then became Managing Director, forming and leading
Cape’s global specialist service group for 3 years. He then undertook as CEO
the turnaround and sale of Aspin Group in 2018 for its private equity owner.
He was the chairman at Heliex Power Ltd, a company creating cleantech energy
from waste heat and steam, until 2021. His current roles include chairman of
Nucore Group Limited, a provider of HVAC and safety critical integrated
solutions, chairman of Shorterm Group Ltd which is a specialist technical
engineering recruitment firm, and chairman of Advanced Innergy Group Ltd, a
global leader in fire and insulation products.

On joining the Board of Powerhouse Russell Ward said: “I’m delighted to be
joining Powerhouse Energy and hope to bring my expertise to the board as the
Company develops its pioneering technology.  I look forward to working with
the team to help deliver the UK’s first facility at Protos and see its
technology rolled out internationally.”

With over 40 years’ stockbroking experience in the City, Hugh McAlister has
been the executive chairman of Novum Securities Limited since 2018, having
been its Chief Executive Officer for the previous nine years. Prior to this,
Hugh was a founding partner and head of trading a Kaupthing Singer &
Friedlander Capital Markets and Head of Pan European Equities at Dresdner
Kleinwort Benson.  

On joining the Board of Powerhouse Hugh McAlister said: “I am pleased to
have joined Powerhouse at an exciting time for the company as its technology
aims to help the world transition to clean energy, whilst providing a solution
to end-of-life plastic. I look forward to working with the board and
management team to deliver the UK’s first facility at Protos and see
Powerhouse technology rolled out globally”.

James Greenstreet said: “We welcome the appointment of Russell whose
experience within the power and energy sectors will help support Powerhouse in
its ambition to become a global leader in technology solutions that transform
plastics and waste into clean energy. We also welcome Hugh, whose appointment
strengthens the Powerhouse board in what is an exciting time for the Company.
We are delighted Hugh and Russell will be supporting the board and management
team as we aim for the global rollout of this first of a kind technology and
see the delivery of the UK’s first facility at Protos.” 

Further regulatory disclosures:

Other than as disclosed below, there are no further disclosures to be made in
accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules
for Companies:

Full Name: Russell Ward

Age:  60

Russell Ward is, or has during the last five years been, a director or partner
of the following companies and partnerships:

Current Directorships:

Shorterm Group Ltd

Nucore Group Ltd

Nucore Group Holdings Ltd

Advanced Innergy Holdings Ltd

Oteac Limited

Grouse Topco Limited

Advanced Innergy Holdings Ltd

Advanced Innergy EBT Ltd

RW Industrial Services Limited

Past Directorships:

Heliex Power Ltd

Aspin Group Limited

Aspin Rail Limited

Aspin Consulting Limited

Aspin Construction Group Limited

Aspin Plant Limited

Aspin Underpinning Limited

Aspin Agreements Ltd

McGrattan Piling and Supplies Limited

Rogers Structural Investigations Limited

FMGH1 Limited

Castlegate Nexus Ltd

Formaplex Group Ltd

Cape Plc

Russell Ward does not hold any ordinary shares in the Company.

Full Name: Hugh Michael Grant McAlister

Age:  61

Hugh McAlister is, or has during the last five years been, a director or
partner of the following companies and partnerships:

Current Directorships:

Novum Securities Limited

Novum Private Clients Limited

Hyde Park Holdings Limited

Rienplus Limited

Past Directorships:

Novum Nominees Limited

Hugh McAlister does not hold any ordinary shares in the Company.

-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 or 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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