Powerhouse Enrgy Grp AFC Fuel Cell Order

 
TIDMPHE 
 
6 March 2017 
 
                          PowerHouse Energy Group plc 
                        ("PowerHouse" or the "Company") 
 
                              AFC Fuel Cell Order 
 
PowerHouse is pleased to announce that it has advised AFC Energy plc ("AFC") 
that it wishes to take delivery of a small scale fuel cell system it ordered in 
April 2014. 
 
As announced on 4 April 2014 the Company made a deposit payment to AFC  at that 
time. Acceptance of delivery had been delayed by PowerHouse in order to 
complete the engineering, design, construction, and testing of the Company's 
new G3-UHt ultra-high temperature gasification system. As announced on 24 
February 2017, the G3-UHt demonstration unit is anticipated for delivery in 
late March to the Thornton Science Park, University of Chester, for 
re-commissioning and additional testing of feedstock capable of generating a 
rich stream of hydrogen. In addition to generating a hydrogen-rich stream of 
syngas, the Distributed Modular Gasification© G3-UHt system is capable of 
distributed waste elimination, and distributed power creation through standard, 
conventional means. 
 
Shortly after re-commissioning, the Company anticipates commencement of the 
design and engineering work required to construct the first commercially 
operating 25 tonne per day system. PowerHouse is in active negotiations with 
Peel Environmental to site that first commercial unit at its Protos 
development, adjacent to the University of Chester Thornton Science Park, where 
the Company will be taking offices. 
 
The anticipated delivery time for the AFC fuel cell is expected to be 
approximately eight months. Upon delivery of the fuel cell, PowerHouse 
anticipates having a high quality hydrogen stream (a component of the syngas 
produced) from the G3-UHt to successfully integrate with the fuel cell, to 
provide production of electrical power. Receipt of the fuel cell is contingent 
upon the G3-UHt unit being capable of producing a hydrogen stream compatible 
with the fuel cell. In accordance with the terms announced on 4 April 2014 the 
final payment for the system will be due to AFC within 90 days of the system's 
delivery to the Thornton Science Park. 
 
Keith Allaun, Executive Chairman of PowerHouse, said, "AFC has demonstrated its 
commitment to developing the "Hydrogen Economy", and we've seen tremendous 
progress on the part of both companies over the past two years. Now is the 
time, and the opportunity, to demonstrate our ability to use Distributed 
Modular Gasification© to deliver hydrogen where, and when, it's needed. AFC's 
recent successes in Germany and elsewhere reaffirm our decision to work closely 
with them in the future. The distributed hydrogen economy depends upon two 
things: the expansion of the fuel cell market, and a consistent ability to 
deliver inexpensive hydrogen. We are confident that our G3-UHt unit will do its 
part to drive this environmental imperative." 
 
Adam Bond, Chief Executive Officer of AFC Energy, said, "Following a 
relationship that spans three years, we are very pleased that both AFC Energy 
and Powerhouse are now in a position to move forward with plans to demonstrate 
the technical integration of Powerhouse's G3-UHt unit and AFC Energy's small 
scale systems for the first time. The successful integration of these two 
technologies could create significant new markets in clean distributed power 
generation and continue to grow the increasing prominence of the hydrogen 
economy in the UK and overseas. We look forward to working with Powerhouse in 
delivering this exciting project." 
 
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 
 
Turner Pope Investments Ltd (Joint Broker)             Tel: [phone] 
Ben Turner / James Pope 
 
Smaller Company Capital Limited (Joint Broker)         Tel: [phone] 
Jeremy Woodgate 
 
IFC Advisory (Financial PR & IR)                       Tel: [phone] 
Tim Metcalfe / Graham Herring / Heather Armstrong / 
Miles Nolan 
 
 
About PowerHouse Energy 
 
PowerHouse is the holding company of the G3-UHt Ultra High Temperature 
Gasification waste-to-energy systems and the creator of Distributed Modular 
Gasification© for distributed waste elimination, distributed electrical 
generation, and distributed hydrogen production. 
 
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. 
 
For more information see www.powerhouseenenergy.net 
 
 
 
END 
 

(END) Dow Jones Newswires

March 06, 2017 02:16 ET (07:16 GMT)