POWERHOUSE ENERGY GROUP PLC - Directorate Changes

During the transitional period before a new Chief Executive Officer is in post Tim Yeo, the Company’s Non-Executive Chairman, will be responsible for these functions and will be designated Executive Chairman.

Tim Yeo, Chairman of Powerhouse Energy Group said:

“David Ryan has rendered outstanding service to Powerhouse during his time as Chief Executive and overseen enormous progress for which I am very grateful. The board is very pleased that he will be continuing as a consultant after he steps down as CEO to help us deliver the Protos plant. In addition to driving this project forward David will spend the next seven months building the executive management team which will complete Powerhouse’s transition to a fully operational company. We look forward to welcoming a new Chief Executive Officer in due course.”

David Ryan, Chief Executive Officer, said:

“Powerhouse is at a critical stage of its development, we are a company poised for growth in the next decade. I believe that putting the team in place for that delivery during the project in coming months will have the benefit of providing them with the delivery experiences to guide future decisions. My challenge will be to concentrate on the key issues to deliver an operating process to specification and to nurture a younger team to deliver growth for the next decade.”

-ENDS-

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Notes for 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.net