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PHE Powerhouse Energy Group Plc

0.975
-0.025 (-2.50%)
Last Updated: 08:00:00
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 -2.50% 0.975 0.95 1.00 0.975 0.975 0.975 2,361,864 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Scrap & Waste Materials-whsl 380k -46.2M -0.0111 -0.87 40.33M

Powerhouse Enrgy Grp Progress on advance towards hydrogen purification

23/10/2017 7:00am

UK Regulatory


 
TIDMPHE 
 
23 October 2017 
 
                          PowerHouse Energy Group plc 
 
                        ("PowerHouse" or the "Company") 
 
               Progress on advance towards hydrogen purification 
 
PowerHouse Energy Group plc (AIM: PHE), the company focused on ultra-high 
temperature waste-to-hydrogen and waste-to-energy systems, and the creator of 
DMG©, Distributed Modular Gasification, is pleased to announce that it has 
confirmed with several  multi-national suppliers of hydrogen clean-up and 
purification equipment and hydrogen (the "Suppliers") that, based upon 
independent third-party laboratory analysis, the Suppliers' equipment would 
allow Powerhouse's DMG© system to achieve the delivery of 99.999% pure 
hydrogen. 
 
Having recently had its synthesis gas fully analysed by an independent 
third-party laboratory and having forwarded the results to a supplier, 
PowerHouse has reached an initial agreement in principal, subject to minor 
engineering detail and finalisation of commercial arrangements, that one of the 
Suppliers is prepared to provide its proprietary small-scale Pressure Swing 
Adsorption ("PSA") equipment to separate and clean up the hydrogen within the 
syngas to  road-fuel quality hydrogen. Should the Supplier be selected to 
provide its equipment, it is prepared to guarantee and warrant the performance 
of the equipment. 
 
Keith Allaun, Chief Executive Officer of Powerhouse, commented: 
 
"Achieving this confirmation was a pre-requisite for PowerHouse to accelerate 
its commercial discussions with industrial transportation and other hydrogen 
road-fuel users. It is a key component of our commercial plan - and l within 
our stated budget - and further underscores our intention to become one of the 
first waste-to-hydrogen road-fuel companies. 
 
Our successfully demonstrated and tested DMG© technology - for the conversion 
of waste plastic, end-of-life tyres, and other industrial and municipal waste 
materials - is the enabling mechanism that we believe will allow the  roll out 
of distributed hydrogen production and carbon-neutral hydrogen refueling 
stations in the UK and in a number of countries around the world." 
 
For more information, contact: 
 
PowerHouse Energy Group plc                     Tel: +44 (0) 203 368 6399 
Keith Allaun, Chief Executive Officer 
 
WH Ireland Limited (Nominated Adviser)          Tel: +44 (0) 207 220 1666 
James Joyce / James Bavister 
 
Turner Pope Investments Ltd (Broker)            Tel: +44 (0) 203 621 4120 
Ben Turner / James Pope 
 
Allerton Communications (Media enquiries) 
Peter Curtain                                   Tel: +44 (0) 20 3633 1730 
 
About PowerHouse Energy 
 
PowerHouse Energy Group plc is the developer of the G3-UHt Ultra High 
Temperature Gasification unit, and the creator of DMG©, Distributed Modular, 
Gasification, which allows for the distributed elimination of waste, the 
generation of distributed electricity, and the production of distributed 
hydrogen with the world's first hydrogen from waste process (HfW). 
 
The Company is focused on technologies to enable projects for energy recovery 
from municipal and industrial 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 synthesis gas (syngas) for power 
generation, or high-quality hydrogen as a fuel for transport. DMG©, 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 
 
 
 
END 
 

(END) Dow Jones Newswires

October 23, 2017 02:00 ET (06:00 GMT)

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