REG-Powerhouse Enrgy Grp: Directorate Changes

Powerhouse EnergyAnnouncement

01/03/2022 07:15

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

1 March 2022

Directorate Change and Appointment of New Chairman

Powerhouse Energy Group plc (AIM: PHE) is the UK headquartered technology
company commercialising hydrogen production from non-recyclable plastic
waste. 

Today the Company announces the following change of Non-Executive Chairman. 

James Greenstreet will step down today from his role as Non-Executive
Chairman, having agreed to postpone his previously announced intention to do
so. James will continue as a Non-Executive Director until 30 June 2022. 

Recently appointed CEO of Powerhouse, Paul Drennan-Durose, said ‘The Board
would like to publicly express its thanks to James for his work and support as
Chairman and are pleased he has agreed to stay on as a Non-Executive Director.
At the same time, I can announce that Russell Ward has been selected and
appointed as Non-Executive Chairman, with immediate effect’. 

Russell Ward was appointed as a Non-Executive Director on 4 February 2022. The
Board, in considering a Chairman, have agreed that Russell is the most
suitable candidate for the role. Paul continued, “I have worked closely with
Russell previously. I am therefore pleased he joined the board, and
subsequently, has agreed to quickly take the role as Non-Executive Chairman.
His corporate, board, and operational experience in industry will be of value
and relevance to the Company, and to shareholders.’

-ENDS-

For more information, contact: 

 Powerhouse Energy Group plc                       Tel: +44 (0) 203 368 6399  
 Russell Ward, 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.

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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