REG-Powerhouse Enrgy Grp: DNV Validation of Enhanced DMG Designs

Powerhouse EnergyAnnouncement

29/06/2021 07:05

29(th )  June 2021

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

DNV Validation of Enhanced DMG Designs 

Powerhouse Energy Group plc (AIM: PHE), the UK technology company
commercialising hydrogen production from non-recyclable waste plastic, is
pleased to announce that DNV, the international gas process design and
certification consultancy, have completed stage one of the validation of the
enhanced design to produce 2 tonnes per day of hydrogen.

The work was based on the recently completed update of the Front-End
Engineering Design (FEED) for Protos which enhanced production options,
allowed for variable feedstocks and produced large export packets of hydrogen
for use by fleet operators. 

The Statement of Feasibility follows detailed evaluation of the Company’s
enhanced process design to deliver 2 tonnes per day of hydrogen including
features for export of the product and was undertaken against all design
enhancements enacted over a two-year period and represented in the first
application at the Protos Energy Park in Elllesmere Port, Cheshire. The DNV
assessment has removed previous uncertainties regarding operating
parameters. 

Following this validation, the DNV assessment team will continue with
extensive verification of the designs including failure mode and criticality
assessments which lead to complete technology qualification in accordance
with DNVGL-SE-0160. DNV and the Company recognise that new sources of
uncertainty may be discovered as qualification progresses. However, the
Company is confident that its Technology Development Programme has identified
a work programme to remove many unknowns through the execution of the Protos
development and that the likelihood of new sources of risk arising are low. A
Certificate of Endorsement should be expected in due course later in the year.

The DNV Statement and report will be used by Peel, their consultants and
contractors to support finalisation of contracts for the Protos
execution.  The material will also support project development work in
Australia and Europe. 

David Ryan, Chief Executive of Powerhouse, said “I thank DNV for their
speedy work in presenting their report and the operations team led by Dr
Physick in presenting the operational material necessary to complete this
review. 

The delivery of this validation is my last act for Powerhouse. I leave the
Company, confident that the technology development team led by Paul Emmitt
many of whom have delivered process plant alongside me for 15 years will
deliver DMG technology as the reliable cost effective source of hydrogen for
road transport use in the community.”

Tim Yeo, Executive Chair, said “I welcome this latest DNV validation and
thank David Ryan warmly for his work in the last four years during which our
Company has made great progress. David is now going to have a well-earned
break but I am pleased to say that his advice will be available to us in
future as a consultant to help ensure the timely completion of our first
commercial scale plant.”

-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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