PHE Powerhouse Energy Group Plc

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

16 April 2021

Board retirement

Powerhouse Energy Group plc announces that Mr James Greenstreet will retire as a director on 7 July 2021. Mr Greenstreet has been a non-executive director of the Company since June 2011.

Tim Yeo, Executive Chairman, said “We are very grateful to James who has completed a decade of great service to Powerhouse during which the Company has made enormous progress. We wish him every success in the future with his other activities”.

The Company intends to appoint another non-executive director in due course and will make a further announcement at the appropriate time.

-ENDS-

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Notes for editors:

About Powerhouse Energy Group plc

Powerhouse, the sustainable hydrogen company, 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 GBP500,000 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