21st May 2024
Powerhouse Energy Group
Plc
(the "Company" or "PHE")
Granting of GB Patent
Application
Powerhouse Energy Group
Plc (AIM: PHE), a company pioneering integrated technology
that converts non-recyclable waste into low carbon energy, is
pleased to announce that it's GB Patent Application No GB1910309.2;
"Treatment of waste producing recirculated combustible" has been
granted.
This patent gives intellectual
property protection in the UK around the utilisation of
recirculated synthesis gas to heat one or more chambers and the
utilisation of recirculated synthesis gas to provide electrical
power via a gas generator to increase the efficiency of the process
and allow the process to be "self-sustaining" when in operation, by
removing the reliance on an external gas source.
This is another significant
milestone for Powerhouse providing validation of the work
undertaken by the team on its technology to create a novel solution
that will allow Powerhouse to disrupt the clean energy
market.
The UK, in
particular, is expected to become a key market and
the granting of patent protection is therefore an
extremely important step for the Company. Powerhouse
are already in discussions with a number of clients,
from a diverse range of industries and sectors, each
of which require a solution for their waste whilst
seeking to reduce their reliance on virgin fossil fuels.
The Company also looks forward to
progressing its other patent applications within Europe and the
rest of the world.
Paul Emmitt, CEO of PHE commented:
"We are delighted to have secured this GB
patent, which will allow us to
accelerate the development of commercial
applications for our technology. This also validates the
engineering work that has gone into getting us to this point, and
the Company's continuous drive towards our first commercial
application."
This announcement contains inside information for the purposes
of the UK version of the market abuse regulation (EU No. 596/2014)
as it forms part of United Kingdom domestic law by virtue of the
European Union (Withdrawal) Act 2018, as amended.
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For more
information, contact:
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Powerhouse
Energy Group plc
Paul Emmitt
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+44 (0) 203 368 6399
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Strand Hanson
Limited (Nominated & Financial Adviser)
Ritchie Balmer
James Harris
Rob Patrick
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+44 (0) 207 409 3494
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Turner Pope
Investments (TPI) Ltd (Broker)
Andrew Thacker
James Pope
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+44 (0) 203 657 0050
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Tavistock
(Financial PR)
Simon Hudson
Nick Elwes
Saskia Sizen
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powerhouse@tavistock.co.uk
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About
Powerhouse Energy Group plc
Powerhouse Energy has developed a
process technology which can utilise waste plastic,
end-of-life-tyres, and other waste streams to convert them
efficiently and economically into syngas from which valuable
products such as chemical precursors, hydrogen, electricity, heat
and other industrial products may be derived.
Powerhouse Energy's process produces
low levels of safe residues and requires a small operating
footprint, making it suitable for deployment at enterprise and
community level.
Powerhouse Energy Group also
incorporates Engsolve Ltd, who offer Engineering Services across
all sectors with speciality services in the development of new
technologies and clean energy.
Powerhouse Energy is quoted on the
London Stock Exchange's AIM Market under the ticker: PHE and is
incorporated in England and Wales.
For more information see www.phegroup.com