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Notice of Annual General Meeting

Powerhouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic, announces that the Notice of Annual General Meeting (“AGM”) and Form of Proxy have been posted to shareholders. The Company’s AGM will be held at 11.30 a.m. on 30 September 2020 at the Company’s registered office at 15 Victoria Mews, Mill Field Road, Cottingley Business Park, Bingley, West Yorkshire BD16 1PY. A copy of the Notice of AGM can be found on the Company’s website at www.powerhouseenergy.net.

To comply with the UK Government's current guidance in relation to Covid-19, shareholders will not be allowed to attend the meeting in person. Shareholders are strongly encouraged to therefore submit their votes, in respect of all matters of business, via proxy as early as possible. They should appoint the Chairman of the meeting as their proxy. If a shareholder appoints someone else as their proxy, that proxy will not be able to attend the meeting in person or cast the shareholder's vote. If the situation changes then shareholders will be notified via the Company's website at www.powerhouseenergy.net and via an RNS announcement.

The Company is committed to constructive engagement with all of its shareholders. Should a shareholder have a question that they would have raised at the meeting, the Company is asking that instead of attending the meeting they send it by email to inquire@powerhousegroup.co.uk to be received by 5pm on 28 September 2020. To the extent that answers can be given to such questions, answers will be published on the Company's website following the AGM.

Somerset’s largest city Bath is looking into the possibility of operating hydrogen-powered trams with no overhead wires as a zero emission transportation offering.

Bath Area Trams Association (BATA) announced last week that it is in detailed discussions with US transportation system manufacturer TIG/m and consultants TenBroeke Engineering for the project.

TIG/m has already installed such systems globally and has received positive feedback. For the Bath project, TIG/m would carry out the full turnkey design, install, build and then operate the system.

11 lines in the city have already been surveyed by BATA and a further study found that at least four of those lines would be viable for the hydrogen tram infrastructure.

David Andrews, Chair of BATA, said that the wire-free tram system could be ideal for Bath. He also said that the hydrogen fuel means that the vehicles will emit zero pollution and will not create deadly rubber tyre dust microparticles.

BATA has estimated that a kilometre of the track could cost approximately £7m, compared to conventional heavy trams which typically costs approximately £25m per kilometre.

Sherman Havens Director and Founder of TenBroeke Engineering said that the system could be implemented in three years from receipt of permissions due to the streamlined procurement process and one-stop supplier.

Brad Read, President of TIG/m, added, “The primary source of energy for the tram is batteries which are charged for four hours per night during daily maintenance at the base station.”

“The hydrogen fuel cell is an auxiliary generator which adds energy to the battery system while in passenger service if needed during times of peak loading.”

“We prefer hydrogen used in a fuel cell as it is the cleanest fuel. Our hydrogen is generated through electrolysis of water by our proprietary systems using off peak power back at the tram shed.”

https://www.h2-view.com/story/bath-looks-to-deploy-hydrogen-trams/

Thanks Stokey and good find:
Campaign partners include Anglo American, Alstom, EDF, Equinor, Bosch, RWE, Siemens, Wrightbus and Vattenfall.

thanks BB

The Extreme E Collaboration is certainly becoming interesting and I would recommend looking at the fuelcellsworks link below in addition to the ALLCOT Group link
https://www.allcot.com/en/about_us/

Industry first: Industrial hydrogen fuel cell system to provide heat and power to construction site.

Siemens Energy advise that......
“In order to get the hydrogen economy moving, we need to create a market and it’s small projects, such like this, which will increase the demand for green hydrogen, proving a pipeline of work for the supply chain.”

https://www.h2-view.com/story/industry-first-industrial-hydrogen-fuel-cell-system-to-provide-heat-and-power-to-construction-site/

https://fuelcellsworks.com/news/extreme-e-teams-up-with-allcot-group-to-support-net-zero-carbon-goal/

Is that advice Medice?

talkscheap - quite apt really.

Came across a link on the future of energy and the hydrogen economy on 10th Sept which Ian Williamson is involved in.

The Future of Energy. Energy has been disrupted and will never be the same again.
The energy system of the future will not look like today’s. The traditional way of sending electrons and gas molecules down wires and pipes is ripe for innovation. Energy businesses of the future will provide those services cheaply and efficiently, using cleaner technologies and digital enablers.
Join the energy conversation on 10 September 2020 to discuss the Future of Energy, with Ripple Energy, Repowering London and more.
https://www.clean-growth.uk/events/the-future-of-energy/

The Hydrogen Economy
Should we be transforming our existing hydrocarbon-based infrastructure to run on hydrogen, to cut our CO2 emissions and reach net zero?

https://www.h2-view.com/story/hydrogen-could-be-a-gamechanger-says-university-of-portsmouth-expert/

Swedish fuel cell technology supplier Impact Coatings is participating in the 24-Hour Hydrogen Challenge in Germany on 28th to 29th September.

Will Wright, Vice-President of Sales, and Alx Danielsson, ex-F1 test driver and motorsports commentator on Eurosport, are the planned co-drivers of a Hyundai Nexo.

Impact Coatings said it will make the most of the 24-hour tour by visiting hydrogen and fuel cell industry players in the Southern Germany-Switzerland-Austria region.

The participation is coordinated with a charity fundraiser by inviting customers and other industry colleagues to sponsor Impact Coatings’ fuel cell car during the rally.

All money, including the company’s own contribution, will be donated in full to the World Childhood Foundation.

The 24-Hour Hydrogen Challenge is a rally for fuel cell electric vehicles (FCEVs) showing the world that driving with hydrogen is already a reality.

The rally takes place in Germany in conjunction with the f-cell conference in Stuttgart on 29th and 30th September.

https://www.h2-view.com/story/impact-coatings-taking-part-in-24-hour-hydrogen-challenge/

Contract award

I hope everyone is enjoying the long weekend. Interesting discussions on comparison with other H2 stocks below and in particular ITM on the back of their capital raise and Linde JV. The raise and JV was announced early October 2019 so not quite one year ago. At the time the share price was circa 50p which was followed by a steady rise to around 100p just after the new year. This was followed by a period of consolidation with some swings. The real action started around April time when the share price rose quite remarkably to circa 350 earlier this year. It has since dropped back but last time I looked had started to climb back towards circa. This was an interesting journey particularly as I had been a holder for several years and often wondered whether I had made the right choice given that 'the boffins' were very technical, research and grant focussed. Glah

Usual suspects turning a positive message into a negative message - for goodness sake its coming up to a bank holiday weekend.

Hi Rooky, good post and yes I agree. My comnents about holders with a negative stance were in relation to constant repetitive almost daily posts which I dont think achieves anything other than increasing negative sentiment. Anyone is free to post whatever they wish. For the record I am a LTH who has faith but fully understand that we have nearly been there before. It does seem different this time around. Good luck to all genuine holders.

I agree Mayt. Some of them will probably not even be holders. For the holders it really is bizarre to have a mostly negative stance on a holding, you either have faith and hold or you dont and you sell.

I have them on filter Mayt but nothing like some more negative spin at market opening to try to set the tone for the day.

Yes those buys are interesting as the bashing started pretty much as the market opened.

Its great you dont have to subject yourself to the negative vibes from the posse, whether some of them are actually holders I know not.

AFC up & ITM and CWR down atm.