REG-Powerhouse Enrgy Grp: Plans submitted for second UK Peel site

Powerhouse EnergyAnnouncement

18/08/2021 07:05

18 August 2021

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

Plans submitted for second UK site for Powerhouse technology

Powerhouse Energy Group plc (AIM: PHE), the UK technology company
commercialising hydrogen production from waste plastic, is pleased to announce
that Peel NRE, part of Peel L&P, has submitted a planning application to
develop its second waste plastic to hydrogen facility, using Powerhouse
technology, at the Rothesay Dock on the north bank of the River Clyde, West
Dunbartonshire.  

The 13,500 tonne facility will be the second in the UK to use
pioneering DMG® technology developed by Powerhouse, after plans for a
similar facility at Peel NRE’s Protos site in Cheshire were approved in
2019. 

After consulting with the local community and stakeholders around the North
Clyde site, Peel NRE has submitted a planning application to West
Dunbartonshire Council.  

Tim Yeo, Executive Chairman of Powerhouse, said:

“We welcome the submission of the planning application for a second site for
our recycling technology which will transform plastics and waste into clean
energy.  We hope this pioneering technology will play an important role in
supporting the objective of both Holyrood and Westminster to make hydrogen a
key element of Scotland’s decarbonisation strategy.  A planned hydrogen
refuelling station at this site will help bolster the region’s
infrastructure and help accelerate the clean energy transition, improving our
environment for future generations in the region”.

Decisions about the financing of this second plant will be made after land use
planning consent has been obtained and closer to the start date for
construction. Details of this will be announced at that time.

-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/James Pope                                                    
                                                                              
 SisterSmith PR (media enquiries) Becca Smith      Mob: +44 (0) 7766522305    

Notes to Editors:

About Powerhouse Energy Group plc

Powerhouse Energy, the sustainable hydrogen company, has a vision to be a
global leader in technology solutions that transform plastics and waste into
clean energy.

Powerhouse has developed a technology that provides a solution to plastic and
produces a clean energy that can help improve air quality by replacing diesel
with hydrogen as a transport fuel.   

Powerhouse Energy’s mission is to provide flexible, innovative, solutions to
global pollution by recycling plastic and waste into valuable clean energy
products. 

Powerhouse technology aims to be used at a local level providing a closed loop
solution within the community for plastic waste, cleaning up our oceans and
helping to accelerate the clean energy transition to reach the target of net
zero emissions by 2030.

The Distributed Modular Generation (DMG®) technology can utilise all 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 GBP500,000 in respect of each project which is commissioned.

Powerhouse aims to license developers to deliver facilities that improve our
environment for future generations.  

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 

Follow developments @PowerHouseEG.



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