Powerhouse Enrgy Grp PHE G3-UHt Update

 
TIDMPHE 
 
PowerHouse Energy Group plc 
                       ("PowerHouse", or the "Company") 
 
                               PHE G3-UHt Update 
 
Powerhouse Energy Group plc (AIM: PHE), the company focused on ultra-high 
temperature gasification waste to energy systems, is pleased to announce that 
its G3-UHt Ultra-high temperature Demonstration gasification system has left 
the harbour in Brisbane, Australia and is bound for the UK. The transit time is 
estimated to be 50 days. 
 
The G3 System incorporates the latest advances in material technologies and 
electrical and thermal efficiencies to convert waste to energy. It is the 
Company's flagship reactor and has been completely redesigned, re-engineered, 
and constructed for commercial roll-out. 
 
The Company continues its discussions with a number of interested commercial 
parties for the siting of the G3 Demonstration Unit in a well-suited location 
including those that could be used as a commercial site. 
 
Keith Allaun, Executive Chairman of PowerHouse commented: "Given our recent 
announcement to co-develop projects with Waste2tricity Ltd (W2T), we took the 
decision to ship the G3 at the earliest opportunity. W2T are in negotiations, 
on our behalf, for an advantageous site for the G3 Demonstration Unit, as well 
as a potential development site for our first commercial operation." 
 
"The UK is key to PowerHouse and is where we intend to manage the Company's 
operations. It is therefore commercially practical to cultivate relationships 
with the domestic engineering and waste community. We believe that having the 
G3 available for hands-on demonstration and local testing will facilitate 
commercial interest and broaden opportunities for the Company more rapidly." 
 
For more information, contact: 
 
PowerHouse Energy Group plc                      Tel: [phone] 
Keith Allaun, Executive Chairman 
 
WH Ireland Limited (Nominated Adviser)           Tel: [phone] 
James Joyce / James Bavister 
 
Vicarage Capital Limited (Broker)                Tel: [phone] 
Jeremy Woodgate 
 
IFC Advisory (Financial PR & IR)                 Tel: [phone] 
Tim Metcalfe / Graham Herring / Heather 
Armstrong / Miles Nolan 
 
 
About PowerHouse 
 
PowerHouse is the holding company of the G3-UHt System Ultra High Temperature 
Gasification waste to energy systems. 
 
The Company is focussed on technologies to enable energy recovery from 
municipal waste streams that would otherwise be directed to landfills and 
incinerators; or from renewable and alternative fuels such as biomass, tyres, 
and plastics to create syngas for power generation, high-quality hydrogen, or 
potentially reformed into liquid fuels for transportation. These waste to 
energy systems aim to provide the "best solution" to the on-site energy market. 
 
PowerHouse is quoted on the London Stock Exchange's AIM Market. The Company is 
incorporated in the United Kingdom. 
 
 
 
END 
 

(END) Dow Jones Newswires

January 26, 2017 02:00 ET (07:00 GMT)