MOU with Peel Environmental

About this update from Powerhouse Energy Group Plc

[{"type":"text","content":"\n \nPowerHouse Energy Group plc(“PowerHouse”, or the “Company”)\n\nMOU with Peel Environmental\n\nPowerHouse is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with Peel Environmental Ltd (“Peel Environmental”) and its subsidiary This is Protos LLP (‘Protos’) to work together to pursue the development, construction and operation of an energy from waste plant at Peel Environmental’s Protos facility near Chester, UK.  This MOU was brokered by Waste2Tricity Ltd (“Waste2Tricity”) in conjunction with the joint development agreement between PowerHouse and Waste2Tricity announced on 18 January 2017.\n\nThe MOU, covering a collaboration period until 1 May 2018, sets out the basis on which PowerHouse and Peel Environmental will work together.  The joint project envisages the construction of PowerHouse’s first commercial enterprise, utilising the Company’s G3-UHt system, at the Protos site together with a proposed plan for the delivery of five energy from waste plants.  There is no certainty that the MOU will proceed to definitive agreements between the parties.\n\nCommenting Keith Allaun, Executive Chairman of PowerHouse, said: “Peel Environmental is a national leader in helping create solutions to the UK’s waste challenges.  With multiple waste management sites located across the UK, Peel has the experience to see projects from green-field through to completion.  Their vision for Protos; creating a robust energy-from-waste and alternative energy ecosystem in a single, large, and fully integrated facility makes them an ideal partner for a company like ours.\n\nCommenting Myles Kitcher, Managing Director of Peel Environmental, said: \"Peel Environmental is extremely enthusiastic about supporting PowerHouse and adding it to the growing energy park at our Protos facility.\n\nFor more information, contact:\n\n\n\nPowerHouse Energy Group plcKeith Allaun, Executive Chairman\nTel: +44 (0) 203 368 6399\n\n\n\nWH Ireland Limited (Nominated Adviser)James Joyce / James Bavister\nTel: +44 (0) 207 220 1666\n\n\n\nVicarage Capital Limited (Broker)Jeremy Woodgate\nTel: +44 (0) 203 651 2910\n\n\n\nIFC Advisory (Financial PR & IR)Tim Metcalfe / Graham Herring / Heather Armstrong / Miles Nolan\nTel: +44 (0) 203 053 8671\n\n\n\n\n\n\n\n\nNotes to Editors\n\nAbout P...

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