PowerHouse Energy
Group plc
("PowerHouse" or
the "Company")
6th
January 2020
Grant for DMG
Hydrogen from Waste Development at Protos
PowerHouse Energy Group plc (AIM:
PHE), the UK technology company pioneering hydrogen production from
waste plastic, is delighted to announce that a grant of £1.25m has
been awarded to, Waste2tricity Protos Ltd, for the DMG® Hydrogen
from Waste development at Protos, near Ellesmere Port, in
Cheshire.
The Company’s development partner
Waste2Tricity (W2T) have secured the grant for the development on
behalf of its subsidiary following a successful application to the
£4.1m Energy Fund competition, run by Cheshire and Warrington Local
Enterprise Partnership (LEP) as part of the Local Growth Fund
(LGF), which awards capital grants for projects that can
support the objectives of the LEP’s Energy and Clean Growth
Strategy.
The £1.25m grant is to fund purchase
of the thermal conversion chamber, a core element of the DMG®
hydrogen from plastic waste plant and will be subject to the DMG
development at Protos achieving planning approval and funding by
the end of March 2020.
David
Ryan, CEO of PowerHouse Energy said:
“We congratulate
W2T and Peel on securing this award from Cheshire and Warrington
Local Enterprise Partnership, representing confidence in our
DMG process as an important technology to deliver clean energy from
unrecyclable waste plastic.Furthermore we are delighted and
encouraged to be recognised as a component in the North West
Region’s strategy to provide clean growth.”
Robert Mee DL, LEP Board Member
and Chair of the Strategy Board said:
“The LEP is clear in its ambition
to be a leader in clean growth and developed the Energy Fund to
support the sector in accelerating the pace and scale of innovation
in energy technology and distribution. W2T’s application to the
fund clearly made the case for the benefits of plastics recycling
in the creation of hydrogen fuel, with their proposed £20m
plant in Ellesmere Port set to be a UK leader in this
field.”
Tim
Yeo, Chairman of Waste2Tricity said:
“This grant
offer recognises the importance of the PHE DMG technology and the
impact it may have on assistuing Cheshire and Warrington and potentially the country to the
target of net zero emissions – through the creation of hydrogen
fuel from waste plastic. Cheshire and Warrington’s Energy and
Clean Growth Strategy shows leadership in this area, one that the
rest of the country should look to”.
For more information, contact:
PowerHouse Energy Group
plc |
Tel: +44 (0) 203 368 6399 |
David Ryan, Chief Executive
Officer |
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WH Ireland Limited (Nominated
Adviser) |
Tel: +44 (0) 207 220 1666 |
James Joyce / Chris Savidge |
|
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|
Turner Pope Investments Ltd
(Joint Broker) |
Tel: +44 (0) 203 657 0050 |
Andrew Thacker / Zoe Alexander |
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Ikon Associates (Media
enquiries) |
Tel: +44 (0) 1483 271291 |
Adrian Shaw |
Mob: +44 (0) 7979 900733 |
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
58MW/h 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.
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
About Waste2Tricity Limited
Waste2Tricity is a structured
solutions provider to the energy-from-waste (EfW) sector, an
industry supplying increasing amounts of electricity using
feedstock diverted from landfill.
Waste2Tricity works with clients and
partners to develop, fund and support EfW deployment projects that
use proven technology, are profitable and progressive; projects
that currently use high temperature gasification and either steam
cycle or internal combustion engines/gas turbines (ICEs/GTs) to
efficiently convert waste to energy.
For more information see
www.waste2tricity.com
About Peel Environmental and
Protos
Peel Environmental, part of Peel
L&P, owns and develops waste infrastructure projects. It has
achieved consent for a range of energy infrastructure schemes
including a 49MW Energy from Waste plant at Protos in Cheshire, 21MW Energy from Waste plant and
250,000tpa AD and MRF in Glasgow;
and a 20MW Energy Centre at Houghton Main, Barnsley. Peel works with investors, waste
management companies, technology providers and contractors to
secure a deliverable business model for each project.
www.peelenvironmental.co.uk
Peel Environmental brought forward
and consented the Protos development, previously known as Ince
Resource Recovery Park. The 54ha (134 acres) development site has
full outline planning consent and part detailed planning consent
for general manufacturing and distribution uses (B1, B2 & B8),
as well as a biomass facility and an Energy from Waste
facility.
www.protos.co.uk @ThisIsProtos
Protos sits within the Energy
Innovation District (EID) which brings together energy users,
network owners, innovators and partners working alongside Cheshire
& Warrington LEP, Cheshire West
and Chester Council and the
University of Chester. With the objective of driving down the cost
of clean energy the EID is an opportunity to deliver a new
decarbonised energy system for the North West of England, meeting the Government’s Clean Growth
agenda while boosting economic growth and investment.
www.energyinnovationdistrict.com