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PHE Powerhouse Energy Group Plc

0.95
0.025 (2.70%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Powerhouse Energy Group Plc LSE:PHE London Ordinary Share GB00B4WQVY43 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.025 2.70% 0.95 0.90 0.95 0.925 0.925 0.925 2,871,429 16:35:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Scrap & Waste Materials-whsl 380k -46.2M -0.0111 -0.83 38.25M

POWERHOUSE ENERGY GROUP PLC - Siting of G3-UHT Unit

04/05/2017 7:00am

PR Newswire (US)


Powerhouse Energy (LSE:PHE)
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4 May 2017

PowerHouse Energy Group Plc

(“PowerHouse”, or the “Company”)

Siting of G3-UHT unit at Thornton Science Park

PowerHouse Energy Group Plc (AIM: PHE), the company focused on ultra high temperature gasification waste to energy systems and the creator of Distributed Modular Gasification© (DMG), is pleased to announce that it has now moved its G3-UHt unit to Unit 99 at the Thornton Science Park, operated by the University of Chester.

The relocation of the G3-UHt unit follows the successful first phase of re-commissioning which recently delivered the production of synthesis gas (“syngas”). As previously announced, PowerHouse has secured a two year lease of a purpose built emission laboratory, together with offices, at Thornton Science Park which will provide both testing capabilities and provide a base to showcase its technology to potential customers.

Thornton Science Park is a major research and innovation hub and was formerly the Shell Technology Centre. It is an emerging centre of excellence for the energy, engineering and advanced manufacturing industries, so is the ideal location for PowerHouse.

Keith Allaun, Executive Chairman of PowerHouse, said: “The relocation of the G3-UHt unit to Thornton Science Park Unit 99 will serve the Company well as we continue the development of its automation processes at this new facility. We look forward to demonstrating the technology of the G3-UHt unit to interested parties and the public over the coming months, as we begin our journey to commercial success. Distributed Modular Gasification© is a highly disruptive philosophy and one that will change the waste-to-energy market significantly. We foresee Unit 99 being the hub of tremendous activity and innovation for the future of PowerHouse.”

For more information, contact:

PowerHouse Energy Group plc
Keith Allaun, Executive Chairman
Tel: +44 (0) 203 368 6399
WH Ireland Limited (Nominated Adviser)
James Joyce / James Bavister
Tel: +44 (0) 207 220 1666
Turner Pope Investments Ltd (Joint Broker)
Ben Turner / James Pope
Tel: +44 (0) 203 621 4120
Smaller Company Capital Limited (Joint Broker)
Jeremy Woodgate
Tel: +44 (0) 203 651 2910
IFC Advisory (Financial PR & IR)
Tim Metcalfe / Graham Herring / Miles Nolan
Tel: +44 (0) 203 053 8671

About PowerHouse Energy Group Plc

PowerHouse is the holding company of the G3-UHt Ultra High Temperature Gasification Waste-to-Energy system, and the creator of Distributed Modular Gasification©.

The Company is focused 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. Distributed Modular Gasification© allows for easy, economical, deployment and scaling of an environmentally sound solution to the growing challenges of waste elimination, electricity demand, and distributed hydrogen production.

PowerHouse is quoted on the London Stock Exchange's AIM Market. The Company is incorporated in the United Kingdom.

For more information see www.powerhouseenenergy.net

For more information on the University of Chester Thornton Science Park please see http://www.thorntonsciencepark.co.uk/

Copyright ay 4 PR Newswire

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