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Powerhouse Energy Group

294 Posts
Pagina: «« 1 ... 9 10 11 12 13 ... 15 »» | Laatste | Omlaag ↓
  1. forum rang 7 nine_inch_nerd 29 juli 2021 15:55
    Wordt tijd voor actie: momenteel -12%. :(
    Twitter:
    1/2. Myles Kitcher from @PeelLandP said in the AGM statement: “We are in the final stages of securing the construction contracts and expect to announce financial close very soon...
    2/2... We have commenced the civil engineering works with significant progress in the delivery of the new site access and in site preparation.”
    @MylesKitcher@PeelLandP

    THE POWERHOUSE PODCAST: EPISODE 2 WITH TIM YEO AND MYLES KITCHER
    wp-powerhouse-2020.s3.eu-west-2.amazo...
  2. forum rang 7 nine_inch_nerd 2 augustus 2021 13:25
    Update:
    www.proactiveinvestors.co.uk/companie...

    Negatief: vertraging bouw huidige plant. Het wordt wel uitgelegd wat de onderliggende gedachte hierin is.
    Positief: 2e plant in Schotland toelichting + samenwerking in Polen, Hongarije en Griekenland en Azië (o.a.Thailand)/Afrika/Z-N Amerika

    Daarom de dip afgelopen dagen...


    Executive chairman Tim Yeo joins Proactive London's Katie Pilbeam to talk about the company’s construction of their first commercial-scale plant at Protos.

    As Yeo reiterates, this project is the 'top priority' for the company and he outlines some of the changes to the timeline as well as some new recruits to the team to 'get the plant up and running as soon as possible'.

    The completion date for the plant at Protos has moved to 2023, Yeo talks viewers through the delay and explains some of the technical reasons. He then goes on to explain why North Clyde, near Glasgow, is to be the second site in the UK.

    Yeo also says the search for a new CEO at the company is continuing and that it is starting to interview candidates next month.


  3. forum rang 7 nine_inch_nerd 3 augustus 2021 10:50
    August Newsletter
    A Message From Our Chairman, Tim Yeo

    This month’s newsletter includes my statement for the Annual General Meeting which took place last Thursday which can be viewed in the link below.
    Regarding concerns for the completion date of the first plant, as it is delivered we will gradually commission stages of the operation, so putting the plant gradually into full test and subsequently full operation. One of the first such tests will be the TCC and syngas production. This will be earlier on our delivery schedule and will give all involved great confidence that a high quality and consistent syngas product, is able to be produced. Following this we will produce power, and finally hydrogen before we declare that we are complete and operational. It is this final and complete stage that 2023 refers to.
    As soon as our contractor is engaged and prepared, we will be able to provide investors with target dates for our phased operational stages.
    Thank you for signing up to our monthly newsletter as we aim to provide flexible, innovative, solutions to global pollution by recycling plastic and waste into valuable clean energy products that improve our environment for future generations.
    First and foremost we remain focused on the project that remains our top priority – building our first commercial scale plant at Protos. Success with this project will open a worldwide market for our clean technology.
    This project is being undertaken by Protos Plastics to Hydrogen N0. 1 Limited, the special purpose vehicle (SPV) set up for this purpose. Following discussions with Peel NRE about funding earlier this year Powerhouse agreed to provide the SPV with a short-term loan facility of £3.8 million which was announced on 12 May 2021.
    This facility ensures that long-lead items of equipment will be available timeously to progress the plant. We have already committed to securing orders for some specialist materials so meaning that we can secure a short overall project delivery period from commencement to completion. The loan facility is also enabling early preparatory work to proceed on site.
    Since announcing this facility we have continued to work very closely with Peel with the aim of reaching financial close on the SPV by 31 October 2021.
    In addition, the appointment of Ian Crockford to run the SPV has greatly strengthened the management team working on the project. Ian is overseeing the procurement and risk management to ensure that there is a robust contracting position for this first of a kind (FOAK) project.
    FOAK projects, are by their nature, subject to technology risk which can make it hard to forecast a completion date until an experienced contractor is committed. We are nearing the appointment of a contractor and are therefore confident that the steps we have taken in the last few months are consistent with a completion date during 2023. We will update shareholders regularly on anticipated milestone dates.
    Turning to other subjects I am pleased that Peel is progressing land use planning matters for the second DMG® plant which will be built in Glasgow at the Rothesay Dock on the north bank of the River Clyde, not far from where COP26 will take place in November. The location of a hydrogen re-fuelling station at this site is a reminder of the potential for DMG® plants to play an important role in supplying clean transport fuels in the UK and abroad, thereby delivering environmental benefits in the form of lower CO2 emissions and improved air quality.
    The search for our new CEO is progressing well with the help of Egon Zehnder. Myles Kitcher and I are starting to interview candidates next month.
    We continue to strengthen our management team. In September a new Business Development Executive will join us to help deal with the increasing number of inquiries we receive from different parts of the world.
    We also continue to support Hydrogen Utopia International in their deployment of DMG® technology in Poland, Greece and Hungary.
    The board is confident about the outlook for Powerhouse and we look forward to updating shareholders later this year when we publish our half year results at the end of September.”

    Meer hier:
    www.powerhouseenergy.co.uk/newsletter...
  4. forum rang 7 nine_inch_nerd 9 augustus 2021 10:21
    quote:

    H@lf-one schreef op 9 augustus 2021 09:56:

    We blijven maar dalen met deze! Ik blijf ze voorlopig vast houden, maar begin toch wat te twijfelen.
    De vertraging van de bouw (in de presentatie ergens hier boven wel goed uitgelegd wat die betekent) wordt niet goed ontvangen, dus. Die bouw moet klaarkomen en er moet dan energie en H2 gemaakt worden. Ik denk dat we minimaal 1 jaar moeten wachten voordat dit aandeel weer positieve wendingen vertoond. Of tussentijdse nieuwe samenwerkingen bouworders: EU-US-Azië (ook in presentatie gezegd).
  5. forum rang 7 nine_inch_nerd 12 augustus 2021 11:00
    Powerhouse Energy acquires stake in Engsolve Limited
    Press Release August 12, 2021
    LONDON, UK: Powerhouse Energy Group, the UK technology company commercialising hydrogen production from plastic, announced acquisition of 48% of the share capital of Engsolve Limited, the engineering consultancy.

    The shares have been bought for a consideration of £99,990 in cash from Engsolve shareholders.

    Reasons for the Acquisition

    Paul Emmitt, the Company’s Chief Technology Officer, is also the managing director and founder of Engsolve. Powerhouse has worked very closely with Engsolve and Paul for the last four years. The acquisition is intended to maintain Engsolve’s continued support of the Company’s projects and developments and will ensure that Engsolve’s expertise remains available to Powerhouse in future.

    Engsolve is a private company based in Bridgend in Wales. As an engineering solutions company, Engsolve has significant experience in undertaking engineering design and support, cost estimating and control, project management and safety risk assessments across a range of industries including energy from waste, renewables and green energy.

    It made a profit after tax of approximately £137,000 in the year to 31 March 2021 on a turnover of approximately £840,000.

    Related Party Transaction

    Engsolve is owned by its three directors, Pauline McCarthy, Paul Emmitt and Richard Riddell. Ms McCarthy is the wife of David Ryan, who was a director of Powerhouse within 12 months preceding the Acquisition. Paul Emmitt is the chief technical officer of Powerhouse. Ms McCarthy is considered to be a related party under the AIM Rules for Companies and the transaction with her is a related party transaction under the Aim Rules for Companies. Ms McCarthy is selling her entire holding in Engsolve of 35 per cent to Powerhouse. Mr Emmitt will retain 50% of the shares in Engsolve pursuant to the Acquisition.

    The Directors of the Company, having consulted with WH Ireland, the Company’s Nominated Adviser, consider the terms of the related party transaction to be fair and reasonable insofar as shareholders are concerned.

    Tim Yeo, Executive Chairman of Powerhouse, said: “We are delighted to have acquired 48% of the share capital of Engsolve, a company Powerhouse has worked closely with for four years developing our technology which transforms plastics and waste into clean energy. This Acquisition ensures Engsolve’s excellent expertise remains available to Powerhouse as our technology helps to improve the world’s environment for future generations”.

    Paul Emmitt, Managing Director and Founder of Engsolve, said: “Engsolve welcomes this partial Acquisition and I am delighted Powerhouse will utilise the extensive expertise within Engsolve to aid in accelerating the world’s clean energy transition and into transforming plastics and waste into clean energy”.

    www.powerhouseenergy.co.uk
  6. forum rang 7 nine_inch_nerd 12 augustus 2021 11:01
    quote:

    H@lf-one schreef op 9 augustus 2021 09:56:

    We blijven maar dalen met deze! Ik blijf ze voorlopig vast houden, maar begin toch wat te twijfelen.
    3 dagen geleden even gedacht bij te kopen op de dip. Ik dacht laat maar doorzakken.
    Nu al derde dag op rij >13% stijging/dag.
    Volume dik boven de 30 miljoen al!
  7. forum rang 7 nine_inch_nerd 17 augustus 2021 14:55
    Comment from Powerhouse Energy Group on the Government’s published Hydrogen Strategy
    17th Aug 2021

    Powerhouse Energy welcome the Government’s Hydrogen Strategy, recognising hydrogen as a key pillar in reaching net zero.

    “We welcome the Government’s Hydrogen Strategy, published today, recognising hydrogen as a key pillar in reaching net zero. We particularly welcome the twin track approach from Government with support of low carbon hydrogen production, which is important if we are to significantly ramp up production quickly. British, low carbon technology such as Powerhouse’s can help increase hydrogen production and importantly is available today. Powerhouse technology can help the transport sector reduce carbon emissions saving up to 125% of CO2 when compared to carbon emissions from diesel, helping accelerate the clean energy transition and improve the air we breathe.

    It is important the UK Government anticipates the demand and supports investment in local production and consumption infrastructure. The strategy acknowledges the lack of existing hydrogen infrastructure in terms of refuelling stations and this must be addressed if we are to see an effective uptake in hydrogen as a transport fuel. We welcome the need for policy to be put in place which will support existing infrastructure. Our partner, Peel NRE, part of Peel L&P, is kickstarting this infrastructure having recently announced plans to develop a hydrogen refuelling station at Protos, where Powerhouse technology will be first used commercially, turning plastic into clean energy. There are also ambitions for a refuelling station at a planned plastic to hydrogen facility in North Clyde, near Glasgow.

    We are pleased Government has recognised new export opportunities for British hydrogen technologies and we urge ministers to maximise this, championing home grown technologies such as Powerhouse Energy’s that can help accelerate fuel switching and improve our environment for future generations across the world.

    We believe the Government should adopt a cross departmental approach including BEIS, Defra and DFT. Indeed the creation of an Office for Hydrogen would help ensure a world-leading hydrogen economy here in the UK.

    We look forward to collaborating with Government to develop a UK standard for low carbon hydrogen and input into a review to support the development of the necessary network and storage infrastructure of the hydrogen sector.”
  8. forum rang 7 nine_inch_nerd 18 augustus 2021 16:30
    peellandp.co.uk/news-and-views/news/p...

    Plans for plastic to hydrogen facility in Glasgow submitted
    Peel NRE – part of Peel L&P – has submitted a planning application to West Dunbartonshire Council for the UK’s second waste plastic to hydrogen facility.

    Based at Rothesay Dock on the north bank of the River Clyde the £20m facility will take non-recyclable plastics, destined for landfill, incineration or export overseas, and use them to create a local source of sustainable hydrogen. The hydrogen will be used as a clean fuel for buses, cars and HGVs, with plans for a linked hydrogen refuelling station on the site.

    The 13,500 tonne facility will use pioneering technology developed by Powerhouse Energy Group plc (AIM: PHE), after plans for a similar facility at Peel NRE’s Protos site in Cheshire were approved in 2019.

    Richard Barker, Development Director at Peel NRE, said: “We’re a long way from removing all plastic from society and, while the priority should be on reducing, reusing and recycling what we can, there will still be some end of life plastics that need managing. The Powerhouse technology not only enables us to deal with this material on our shores, it also produces hydrogen which can be used as a clean vehicle fuel, helping to reduce carbon emissions associated with diesel fuel and improve local air quality. As we head towards COP26 in Glasgow, this is a great example of how the UK is innovating in net zero and delivering pioneering technologies that can be used the world over.”

    Tim Yeo, Chairman of Powerhouse Energy Group, said: “We welcome the submission of the planning application for a second site for our recycling technology which will transform plastics and waste into clean energy. We hope this pioneering technology will play an important role in supporting the objective of both Holyrood and Westminster to make hydrogen a key element of Scotland’s decarbonisation strategy. A planned hydrogen refuelling station at this site will help bolster the region’s infrastructure and help accelerate the clean energy transition, improving our environment for future generations in the region”.

    Zero Waste Scotland estimates that around 500,000 tonnes of waste plastic are produced in Scotland every year, with research undertaken by Anthesis, on behalf of Peel NRE, showing that around 300,000 tonnes are within the central belt of Scotland.

    A planning application for the facility has been submitted to West Dunbartonshire Council following engagement with local stakeholders. A decision is expected in the Autumn. If approved, construction will take around 15 months to complete.

    Peel NRE has signed a collaboration agreement with Powerhouse Energy Group to develop 11 waste plastic to hydrogen facilities across the UK over the next few years, with the option of exclusive rights for a total of 70 facilities.
  9. forum rang 7 nine_inch_nerd 20 augustus 2021 18:45
    Powerhouse Energy Group plc

    ("Powerhouse" or the "Company")

    20 August 2021

    Change of Directorate

    Powerhouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from plastic, regrets to announce that Tim Yeo has informed the board that he wishes to step down as Executive Chairman of the Company for personal reasons with immediate effect. It has been agreed that he will remain as a consultant to Powerhouse for a period of 12 months.

    This will enable an orderly handover of Tim’s responsibilities, including the recruitment process for Powerhouse’s new CEO which he and Myles Kitcher are leading, to take place. A separate announcement will be made in due course about the appointment of the CEO.

    James Greenstreet will take over from Tim as Chairman. James has been a non-executive director of Powerhouse since 2011 and is a founder of aircraft lessor, Falko Regional Aircraft. He also sits on the board of regional airline, CityJet DAC and Electric Aviation Group Ltd an early-stage company developing hydrogen electric commercial aircraft.

    As part of the termination of his existing contract as Executive Chairman the board has agreed in a settlement payment of £35,500. The Consultancy agreement provides for a monthly fee of £6,000 per month. The settlement payment and the Consultancy agreement are related party transactions under the AIM Rules for Companies. The Directors consider, having consulted with WH Ireland Limited, that the terms of the transactions are fair and reasonable insofar as shareholders are concerned.

    Tim Yeo said “It has been an honour to lead Powerhouse through an important phase of its development. Under my chairmanship Powerhouse’s management and finances have been substantially strengthened and the SPV which is building our first commercial scale plant has been placed on a firm footing.

    The arrival of our new CEO will ensure this progress continues. Now is therefore the right time for a younger chairman to take over the reins. I am confident that Powerhouse’s technology will soon be successfully proved and widely deployed in the UK and abroad for the benefit of the global environment.

    I intend to remain a shareholder and wish James Greenstreet and all my colleagues well in taking Powerhouse forward to the next stage of its development.”

    James Greenstreet said “On behalf of the whole board and our shareholders I thank Tim warmly for his tireless work for Powerhouse over the last fourteen months. Under his chairmanship the Company has made considerable progress and the foundations of a truly sustainable and prosperous future have been laid. We are very pleased he will act as a consultant to Powerhouse.”

    -ENDS-

    For more information, contact:

    Powerhouse Energy Group plc Tel: +44 (0) 203 368 6399

    James Greenstreet, Non-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 / James Pope

    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
  10. forum rang 7 nine_inch_nerd 31 augustus 2021 09:57
    Uitbreiding in de EU krijgt meer en meer vorm.

    POWERHOUSE ENERGY GROUP PLC : - Exclusivity agreement signed with HUI
    31st August 2021

    Powerhouse Energy Group plc

    ("Powerhouse" or the "Company")

    Powerhouse signs binding exclusivity agreement to deploy technology in Poland, Greece and Hungary

    Powerhouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from waste plastic, is pleased to announce that it is has entered into a binding agreement (the “PGH Exclusivity Agreement”) with Hydrogen Utopia International PLC (“HUI”) under which HUI has been granted an exclusive non-transferable licence for the application of Powerhouse’s DMG® technology in Poland, Greece and Hungary. HUI’s corporate mission is to create a project pipeline for Powerhouse’s DMG® technology in these regions through seeking funding from and partnering with states, regional authorities and the private sector in targeted regions to facilitate the deployment of DMG® technology.

    The PGH Exclusivity Agreement follows the agreement of non-legally binding heads of terms with HUI for Poland announced on 12 November 2020 and Greece and Hungary announced on 10 May 2021 and the payment by HUI to Powerhouse of deposits totalling €125,000. Under the PGH Exclusivity Agreement, HUI will pay Powerhouse a further €325,000 by the end of 2021, when the formal intellectual property licence for the DMG® technology is anticipated to have been granted to HUI, with a further €300,000 to be paid 12 months later. A royalty fee will be agreed as part of the expected licence agreement.

    In addition, Powerhouse will continue to receive a licence fee for any DMG® plant which becomes operational in any location in the world. Consequently, the Company’s worldwide rights to ongoing licensing fees for the DMG® technology are unaffected by the PGH Exclusivity Agreement.

    James Greenstreet, Non-Executive Chairman of Powerhouse Energy Group, said:

    “Powerhouse is pleased to sign this binding exclusivity agreement with HUI which is a champion of our technology, seeking to drive its rollout across Poland, Greece and Hungary. This builds on our announcement of 12 November 2020 and is part of our long-term vision for DMG® technology to be deployed internationally, helping the world transition to clean energy whilst providing a solution to end-of-life plastic”.

    Aleksandra Binkowska, CEO of HUI, said:

    "We are delighted to have formalised HUI’s exclusivity arrangements for DMG® with Powerhouse for Poland, Greece and Hungary. HUI will use its local networks and relationships in the countries licensed to it to help to look to secure project approvals, finance and technical expertise to facilitate the deployment of DMG® technology. This will bring us closer towards our mission to accelerate the development of a circular and net zero carbon economy in Europe.”

    More information about HUI's plans for the rollout of the technology in Poland, Greece and Hungary and the partners with whom it will be working with will be published in due course.

    -ENDS-

    For more information, contact:

    Powerhouse Energy Group plc Tel: +44 (0) 203 368 6399
    James Greenstreet, Non-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 / James Pope
    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

    About Hydrogen Utopia

    Hydrogen Utopia International PLC was founded in 2020 by Aleksandra Binkowska and has subsequently received financial backing from a number of high net worth investors. HUI will initially focus its proposed rollout of DMG® technology on areas where substantial EU and/or government funded sources of grants and loans are available, such as the EU’s “Just Transition Fund” which was set up to help fossil fuel dependent communities such as Konin in Poland transition towards climate neutrality, or where substantial private sector backing is accessible.

    For more information see www.hydrogenutopia.eu/
  11. kiekes 3 september 2021 17:00
    quote:

    nine_inch_nerd schreef op 31 augustus 2021 09:57:

    Ik voel me zo eenzaam hier. Zijn er nog anderen die meedoen? :)
    Dan zal ik ook maar eens een duit in het zakje doen,alleen is ook maar alleen he :-]
    Heb er vandaag ook maar eens een paar gekocht,ik zie je wel vaker op de duurzame aandelen nine_inch goed bezig zeg ik
    Groet kiekes

    Powerhouse Energy Group Plc (LON stock symbol PHE), has announced that it has signed a binding exclusivity agreement for its sustainable hydrogen energy technology in Greece, Poland and Hungary.

    The company uses non-recyclable waste to produce H2 primarily intended for transport fuel.

    As previously reported on Hydrogen Fuel News, Powerhouse uses non-recyclable plastic waste that would otherwise end up in landfills and converts it into sustainable hydrogen fuel. The new agreement is with Hydrogen Utopia International Plc (HUI), and it has provided the company with an exclusive non-transferable license for its technology application in the three countries.

    With this agreement, Powerhouse intends to license developers for delivering facilities that will provide environmentally friendly energy products into the future. The company has already secured its first licensee, Peel NRE, a part of Peel L&P. That company will be rolling out the H2 production tech across UK sites.

    The sustainable hydrogen technology agreement between Powerhouse and HUI brings the tech to Europe.

    The new agreement underscores the commitment of both Powerhouse and HUI for accelerating the transition to cleaner sources of energy in Europe as well as worldwide. The corporate mission at HUI includes the creation of a project pipeline for the plastic waste to energy technology in Europe by way of state funding and partnerships, as well as from and with regional authorities and the private sector. This will specifically include certain targeted regions for facilitating the tech’s deployment.Sustainable hydrogen - waste-to-energy process - Powerhouse Energy Offical YouTube

    “Powerhouse is pleased to sign this binding exclusivity agreement with HUI which is a champion of our technology, driving its rollout across Poland, Greece and Hungary. This builds on our announcement of 12 November 2020 and is part of our long-term vision for DMG® technology to be deployed internationally, helping the world transition to clean energy whilst providing a solution to end-of-life plastic,” said Powerhouse Energy Group non-executive chair James Greenstreet.

    “We are delighted to have formalised HUI’s exclusivity arrangements for DMG® with Powerhouse for Poland, Greece and Hungary. HUI will use its local networks and relationships in the countries licensed to it to help secure project approvals, finance and technical expertise to facilitate the deployment of DMG® technology. This will bring us closer towards our mission to accelerate the development of a circular and net zero carbon economy in Europe,” added HUI CEO Aleksandra Binkowska in a news release announcing the sustainable hydrogen agreement.
  12. forum rang 7 nine_inch_nerd 5 september 2021 11:14
    Big news, zou ik zeggen. Linde is ingestapt, zoals het nu uitziet. Boem!

    www.hydrogenutopia.eu/news/5-9-21?fbc...
    twitter.com/ZaksTradersCafe/status/14...

    Press Release - 5/9/21
    Hydrogen Utopia International & Linde

    to enter an agreement to deploy Powerhouse Energy Group (LSE:PHE) DMG plastic waste-to-hydrogen system in Europe.

    Hydrogen Utopia International PLC (HUI) is pleased to announce that Linde has finalised technical feasibility evaluation to deploy the syngas cleanup and hydrogen extraction of Powerhouse Energy DMG® technology in Poland.

    Now HUI and Linde are in their final stage of signing a mutual contract for the syngas cleanup.

    HUI have so far acquired exclusive rights to the Powerhouse DMG system in Poland, Hungary and Greece.

    The feasibility study envisaged a plant to be jointly developed by Linde, HUI and Powerhouse Energy (PHE), located in Konin in Central Poland. The plan is to convert 40 tonnes of plastic waste into 58 MWh of renewable electricity and clean hydrogen per day. Once the plant is realised, the hydrogen will be used locally as a fuel for city buses and other heavy-duty vehicles, as well as for passenger cars. The DMG® system will also be used to provide heat to the citizens of Konin thanks to the Central Heating System.

    The project, when completed, will contain ten DMG® units in one location. The site is one that Hydrogen Utopia International Ltd has received legal access to commence planning applications, necessary permits and EIA, and for this purpose, HUI has engaged SWECO to commence the process.

    The project is subject to funding approval by the Just Transition Fund which will be matched by funds from the Polish Government under the JUST Transition fund terms of Government matching funds.

    Hydrogen is increasingly seen as an essential component in the energy transition to clean energy away from fossil fuels. It is the best available technology for heavy-duty and long range transport, as well as for decarbonising key industries including cement and steel production and potentially domestic heating.

    Polish Hydrogen Strategy 2030, which is being currently implemented, sets out six key targets and forty steps that must be taken to achieve European Union guidelines. The three sectors where hydrogen will be needed are energy, transport and industry. Poland is looking for new energy solutions in order to reduce its dependency on coal and make a swift transition towards sustainable energy.

    Over the course of 2019, the city of Konin prepared a new energy transition strategy for the city, which includes both waste-to-energy initiatives as well as using hydrogen as a fuel for local transport and municipal companies. The city is currently engaged, together with other relevant regional stakeholders in preparing the territorial just transition plan for the Eastern Wielkopolska region.

    This transition would not be possible without a close collaboration between HUI and

    Powerhouse Energy PLC - a UK based company which is a leading provider of onsite clean energy systems and long-term energy off-take services. Powerhouse Energy uses both traditional and renewable forms of fuel to generate both electric and thermal energy in an economically viable and environmentally responsible manner. Powerhouse holds the rights to the Distributed Modular Gasification (DMG®) technology.

    "We are proud to have Linde , who are proven hydrogen experts, on board of this project. In the case of DMG deployment in Poland, Linde's efficiency will speed up decarbonising my country. Thanks to our Powerhouse Energy DMG technology, we also aim to offer a valid solution to a massive plastic waste issue which we are facing at the moment in Poland," says Aleksandra Binkowska, CEO of HUI.

    “We at Linde are very happy to contribute our gas-cleaning and hydrogen technologies to this forward-looking project. Producing hydrogen from plastic waste will help to solve an environmental problem and at the same time foster decentralized hydrogen utilization,” says Harald Ranke, Managing Director at Selas-Linde.

    For more information please contact us, or

    Zak Mir - Media Enquiries

    Tel: +44 (0)7867 527 659

    Notes to editors

    ABOUT HYDROGEN UTOPIA

    Hydrogen Utopia International (HUI) was founded in 2020 by Aleksandra Binkowska with the aim to turn Poland and the EU to net positive through using unrecyclable plastic and transforming it into low cost hydrogen and electricity. The UK based technology company is actively working with the EU to gain funding and subsidies for the first waste to energy DMG plant in Konin, Poland. www.hydrogenutopia.eu

    ABOUT POWERHOUSE ENERGY GROUP

    Powerhouse Energy, the sustainable hydrogen company, has developed a technology that provides a solution to non-recyclable plastic and produces a clean energy that can help improve air quality by replacing diesel with hydrogen as a transport fuel.

    Powerhouse technology aims to be used at a local level providing a closed loop solution within the community for non-recyclable plastic waste, cleaning up our oceans and helping to accelerate the clean energy transition to reach the target of net zero emissions by 2030.

    The Distributed Modular Generation (DMG®) technology can utilise non-recyclable 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.co.uk

    Follow developments @PowerHouseEG.
  13. kiekes 5 september 2021 11:28
    Ik las het ook net op reddit,blij datik je toch gezelschap heb gehouden nine_inch zie ook nu pas dat het aandeel afgelopen week al 23% is gestegen dat heb ik dus al grotendeels gemist maar we zullen zien wat er maandag gebeurt

    Heb er ook niet veel misschien nog wat bijkopen
    Groet kiekes
  14. forum rang 7 nine_inch_nerd 5 september 2021 11:52
    quote:

    kiekes schreef op 5 september 2021 11:28:

    Ik las het ook net op reddit,blij datik je toch gezelschap heb gehouden nine_inch zie ook nu pas dat het aandeel afgelopen week al 23% is gestegen dat heb ik dus al grotendeels gemist maar we zullen zien wat er maandag gebeurt

    Heb er ook niet veel misschien nog wat bijkopen
    Groet kiekes
    Als dit niet een impuls geeft naar boven, dan weet ik het ook niet meer. Of "inside information" al de de stijging heeft veroorzaakt en dus geen beweging zal komen, zullen we zien maandagmorgen.
    Maar dit persbericht (officieel document) zal nieuwe beleggers triggeren om in te stappen.
    @kiekes: succes!
  15. forum rang 7 nine_inch_nerd 6 september 2021 10:04
    Bericht Powerhouse.
    Het is nog niet definitief en ze zijn iets voorzichtiger.
    NB: ze willen waarschijnlijk open kaart spelen vwb de aandelenmarkten.

    polaris.brighterir.com/public/powerho...

    6th September 2021

    Powerhouse Energy Group plc

    ("Powerhouse" or the "Company")

    Comment regarding Press Speculation


    Powerhouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from waste plastic, has noted the comments in the UK press at the weekend in relation to a potential agreement between DMG® licensee Hydrogen Utopia International PLC (“HUI”) and Linde.

    Linde has finalised a technical feasibility evaluation to deploy the syngas clean-up and hydrogen extraction of Powerhouse Energy DMG® technology. HUI and Linde are in discussions to enter into an agreement to develop a plant in Konin, Poland which would use Powerhouse’s technology. There can be no guarantee such an agreement would be finalised and any agreement regarding building a facility would be subject to material conditions including financing, permitting and planning permission.

    Powerhouse will update the market with any further developments at the appropriate time.

    -ENDS-
  16. forum rang 7 nine_inch_nerd 6 september 2021 12:54
    www.thisismoney.co.uk/money/share-inv...

    STOCKS TO WATCH:

    Energy deal

    Powerhouse Energy Group, which owns technology to convert waste plastic into hydrogen, will be in focus this week after it emerged that its business partner, Hydrogen Utopia International (HUI), is close to signing a deal with German engineering giant Linde to roll out energy plants across Europe.

    The move comes as HUI weighs a listing on the London market.

    Talk in the City is that it may soon float, after it appointed brokers.
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