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30 Jun 2021 07:00
POWERHOUSE ENERGY GROUP PLC - Directorate ChangesPOWERHOUSE 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-
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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