Technical Centre Update – Mechanical Completion

Powerhouse Energy Group plc (AIM: PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy together with a revenue generating engineering consulting division (Engsolve), announces "Mechanical Completion" of the Feedstock Testing Unit ("FTU"), on schedule and on budget, with all equipment now installed and operating on a "cold" commissioning basis.

The mechanical completion of the FTU is central to the development of PHE as a technology developer and provides a showcase for the Company's DMG Technology.

The "hot" commissioning / testing phase will now commence and run throughout January 2025. PHE will hold open days to showcase the FTU and the Company's technology in late February.

Paul Emmitt, Chief Executive Officer, commented:

"I am extremely pleased that we delivered this highly significant milestone for the Company. It is testament to both the PHE and Engsolve staff, their hard work and professionalism, that we have achieved this on schedule and on budget. The FTU has been something that I have championed since my involvement with PHE. Whilst we have had setbacks with our prior intended kiln manufacturer, we have overcome them to provide something tangible; an innovative facility that will allow us to showcase the DMG technology as well as our technical / engineering expertise as a Group as we look to deliver our vision for our shareholders."

"This year has been an eventful one. We have resolved our patent challenge, and had grant of UK, European and Japanese patents, we have signed an agreement with National Hydrogen of Australia and have now delivered mechanical completion of the FTU.

"Early 2025 will see us "hot" commission and test the FTU, whilst opening our doors to showcase our technology to investors as well clients and potential clients. We will also deliver the FEED for National Hydrogen, whilst further developing both the PHE and Engsolve offerings. There are also a number of old business opportunities to revisit as well as new ones to pursue for the team.

"I believe we enter 2025 in a stronger more positive position than that which we entered 2024. I would like to take this opportunity to thank our shareholders for their patience and support this year and look forward to an exciting 2025 for the Company."

596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR.