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PHE.GB PowerHouse Energy Group Plc

1.00
0.00 (0.00%)
06:56:49 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
PowerHouse Energy Group Plc AQSE:PHE.GB Aquis Stock Exchange Ordinary Share GB00B4WQVY43
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.00 0.95 1.05 1.00 1.00 1.00 0.00 06:56:49
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Powerhouse Enrgy Grp Completion of G3-UHt Testing Program

06/09/2016 7:00am

UK Regulatory


 
TIDMPHE 
 
PowerHouse Energy Group plc 
 
                        ("PowerHouse" or the "Company") 
 
                     Completion of G3-UHt Testing Program 
 
PowerHouse Energy Group, plc is pleased to announce the completion of its 
system-wide testing program for the G3-UHt Unit in Brisbane, Australia. 
 
"This is a significant milestone for the Company, " said Keith Allaun, 
Executive Chairman of PowerHouse.  "We've been stress-testing all components of 
the G3, in a discrete and focused manner, over the past several months.  Based 
upon our most recent operation of the complete system, we've reached the point 
that we can declare the successful conclusion of our formal testing program." 
 
The PowerHouse Energy Group ultra-high temperature gasification reactor testing 
program has utilized feedstock which has included both shredded plastic and 
tyre crumble, and has successfully cycled the system repeatedly. The nominal 
1-3 tonne per day (TPD) G3 unit has continued to operate as designed; gasifying 
the feedstock at temperatures above 1100 degrees Centigrade, generating 
synthesis gas (syngas), and cleaning and cooling the syngas, which can then be 
used for electrical generation or other fuel creation. 
 
Concurrent with the testing of the G3, the company has completed the initial 
design and engineering plans of 100 TPD gasification modules, allowing for the 
easy bundling of the modules into 400 TPD systems. Designed to operate in-line 
with each other, expansion of the systems is a linear step-function that 
enables the PowerHouse technology to be rolled-out into existing commercial 
Transfer Station and Land-Fill operations.  This modular design can 
substantially expand the commercial opportunities for PowerHouse. 
 
"The rigorous process that the team has just completed, coupled with the 
engineering data that has been captured, has put us in a position to begin 
progressing commercial discussions with a number of parties over the next 
several months," stated Allaun. 
 
The new G3 system will be permanently housed in a transportable container for 
shipment to sites throughout the world for on-site operation, demonstration, 
and data collection purposes. Once installed into its in-situ operational 
container, and prior to shipment to prospective sites, additional third-party 
engineering validation will occur, and other feedstocks will be tested. 
 
As earlier announced, the Company is beginning recruitment efforts to expand 
its commercial team in both the UK and in Australia. 
 
Contacts: 
 
PowerHouse Energy Group plc               +1 352 359 0911 
 
Keith Allaun, Executive Chairman 
 
WH Ireland Limited (Nominated Adviser)    +44 (0) 207 220 1666 
 
James Joyce / James Bavister 
 
Vicarage Capital Limited (Joint Broker)   +44 (0) 203 651 2910 
 
Jeremy Woodgate 
 
 
 
END 
 

(END) Dow Jones Newswires

September 06, 2016 02:00 ET (06:00 GMT)

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