REG-Powerhouse Enrgy Grp: Statement re Share Price Movement

Powerhouse EnergyAnnouncement

23/12/2020 07:05

Powerhouse Energy Group plc

Movement in Share Price

Powerhouse Energy Group plc (AIM: PHE) ("Powerhouse" or the "Company"), notes
the recent increase in the Company’s share price and confirms that there are
no new material developments beyond those previously notified to the market.

The Company provided an update on operational developments  in its
announcement of 17 December 2020.

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 Ltd (Joint Broker)                  Tel: +44 (0) 203 657 0050                          
 Andrew Thacker                                                                                                 
                                                                                                                
 Ikon Associates (media enquiries)                           Tel: +44 (0) 1483 271291                           
 Adrian Shaw   SisterSmith PR (media enquiries) Becca Smith  Mob: +44 (0) 7979 900733  Mob: +44 (0) 7766522305  

 

Notes for editors:

About Powerhouse Energy Group plc

Powerhouse, the sustainable hydrogen company, 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 GBP500,000 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.net



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