Appointment of Deputy Chairman

RNS Number : 5073X

Powerhouse Energy Group PLC

28 August 2020

 

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

28  August 2020

Appointment of Deputy Chairman

Powerhouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic, announces that Tim Yeo, non-executive director of the Company, has been appointed as deputy chairman with immediate effect.

Commenting on his appointment, Tim Yeo said: " I welcome this opportunity to work more closely with my colleagues on the Powerhouse board, in the wider Powerhouse team and with our valued partners at Peel Environmental, as we prepare to roll out our DMG technology."

ENDS

For more information, contact:

Powerhouse Energy Group plc	Tel: [phone]
David Ryan, Chief Executive Officer
WH Ireland Limited (Nominated Adviser)	Tel: [phone]
James Joyce / Lydia Zychowska
Turner Pope Investments Ltd (Joint Broker)	Tel: [phone]
Andrew Thacker / Zoe Alexander
Ikon Associates (Media enquiries)	Tel: [phone]
Adrian Shaw	Mob: [phone]

Notes for 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. The Powerhouse technology is one of the world's first proven, modular, hydrogen from waste (HfW) process.

The Powerhouse DMG® process can generate up to 2 tonnes of road-fuel quality H2, and more than 58MWh of exportable electricity per day.

The Powerhouse 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.net

 

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