Powerhouse Ener Regulatory News (PHE)

POWERHOUSE ENERGY GROUP PLC - Directorate Changes

PR Newswire

London, June 29

30th June 2021

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

Directorate Changes 

Powerhouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from non-recyclable waste plastic, announces two directorate changes.

Non-executive Director Mark Berry will not stand for re-election to the Powerhouse board at the next Annual General Meeting and will step down before the 2021 AGM.

Non-executive Director James Greenstreet will postpone his retirement from the board until the following AGM in 2022.

Tim Yeo, Executive Chair, said: “I thank Mark Berry for his time on the board and wish him luck for the future. I am pleased James Greenstreet will delay his retirement from the board until early next year.”

-ENDS-

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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