Powerhouse Energy Group PLC (AIM:PHE, FRA:BT81) said chief executive Paul Emmitt will step down at its September AGM, handing investors a leadership change just as the waste-to-energy technology group moves towards first commercial revenues.
Emmitt, who cited a change in family circumstances, will not stand for re-election at the annual meeting expected on 3 September 2026.
Non-executive chairman David Hitchcock will become executive chair until a new CEO is appointed, while Emmitt is expected to continue working with Engsolve on a technical consultancy basis.
The AIM-listed company, meanwhile, this morning released financial results that showed 2025 revenue of £1.23 million, up from £499,414, with all revenue generated by Engsolve engineering services. Total comprehensive loss narrowed to £2.93 million from £4.71 million, while cash at year-end stood at £703,691, down from £1.31 million.
Powerhouse said it completed £1.3 million of fundraising after the year-end and generated its first waste-to-energy division revenues in January 2026 through a Welsh battery developer contract worth around £260,000 over 12 months.
Operationally, the group highlighted completion of its Bridgend technology centre and 2.5-tonne-per-day Feedstock Testing Unit, progress on the National Hydrogen project in Australia and Ballymena in Northern Ireland, where a lease has been signed and planning permission submitted.
