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A message from our CEO, Paul Drennan-Durose
It’s now been eleven or so weeks since becoming Powerhouse Energy Group CEO, and in joining the rest of the board in leading the business on the next phase of its development. I am a strong proponent of not saying something until you have something to say, particularly when it comes to listed companies. However, I feel that a short statement with the sole purpose of establishing initial contact with our wider investor community was beneficial having reached this stage of the process we have adopted.
As you would expect, in these early stages, I and the new board members, and our new Chairman, have been in an intense discovery phase, which has included rapidly meeting with many of the stakeholders and partners that Powerhouse have entered relationships with, and I can advise all our shareholders that we have been working with them to move matters forward.
Of note is that from day one, I have been working closely, and collaboratively, with Peel NRE Ltd.’s leadership team, on their Protos plant project in the UK, and we have been closely involved in their process of selecting construction partners for the ultimate build phase, and the financial assessment of the SPV business plan.
We have been meeting other members of the international waste and hydrogen ecosystem Powerhouse operates within, including premium suppliers, other technologists, and potential project partners, intelligently exploring other possibilities for the Company. As well as this, we are actively scoping opportunities to further develop, and to showcase Powerhouse’s technology across international platforms.
In parallel, I, along with other board members, have been examining and reviewing the Powerhouse business and its operations, with a view to setting out in the near future an evolved business model going forward, to bring maximum results and hence value for all stakeholders. We plan to be in a position to share this, and other developments, with investors in more detailed announcements shortly, and the strategic path certainly at or around the next AGM.
Thank you for taking the time to read this update and for your continued support. We will be providing more updates in the very near future.