REG-Powerhouse Enrgy Grp: Second UK site for Powerhouse technology

Powerhouse EnergyAnnouncement

01/06/2021 07:05

1(st) June 2021

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

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, is planning 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 Energy Group plc, after
plans for a similar facility at Peel NRE’s Protos site in Cheshire were
approved in 2019. 

Tim Yeo, Executive Chairman of Powerhouse Energy Group, said:

“We are delighted Powerhouse technology is to be deployed in Scotland,
helping the region improve air quality and provide a solution to end-of-life
plastic.  This new facility 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.  We welcome plans to co-locate a
re-fuelling station at the site which will help increase uptake of hydrogen
fuel in the region and add to Scotland’s growing hydrogen economy.  All
eyes are on Scotland ahead of the important COP26 meeting in Glasgow later
this year, so we are delighted our pioneering, clean energy technology will
help put Scotland on the path to net zero”.  

Richard Barker, Director at Peel NRE, part of Peel L&P, said: 

“Plastic is often demonised, but we have seen how essential it is in
industries like healthcare. We do need to recycle as much of this plastic as
possible and also get as much value from unrecyclable, end-of-life plastic.
This facility will convert plastic into hydrogen a clean fuel that produces no
emissions at the point of use, helping to improve local air quality. By
co-locating a refuelling station, we can help to kick start the infrastructure
needed to support the rollout of hydrogen vehicles which will be an important
part of our journey to net zero.”

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                                                               
                                                                              
 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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