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PHE Powerhouse Energy Group Plc

0.975
0.00 (0.00%)
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
  0.00 0.00% 0.975 0.95 1.00 0.975 0.975 0.975 410,991 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 Update on G3-UHt Gasification System

24/03/2017 7:00am

UK Regulatory


 
TIDMPHE 
 
24 March 2017 
 
                          PowerHouse Energy Group plc 
                        ("PowerHouse" or the "Company") 
 
                     Update on G3-UHt Gasification System 
 
PowerHouse is pleased to announce that the Company's G3-UHt ultra-high 
temperature gasification demonstration unit (the "Unit") has cleared UK customs 
after a seven week journey from Brisbane, Australia, and has been delivered to 
its initial recommissioning site near Manchester. 
 
Work will begin immediately on the recommissioning of the cornerstone of 
PowerHouse Energy's Distributed Modular Gasification© system. Following this, 
the Unit will be delivered to the Thornton Science Park of The University of 
Chester where it will be sited for demonstration purposes. 
 
The Company has finalised its initial two-year office lease at the Energy 
Centre at the Thornton Science Park making it the first official tenant of the 
Centre. PowerHouse will take occupancy on 3 April 2017. 
 
As a first step in the recommissioning process, the Company has appointed the 
engineering firm, Engsolve Ltd ("Engsolve"), to assist in both the 
recommissioning and the complete and thorough engineering validation of the 
Unit's capabilities. 
 
David Ryan, PowerHouse Executive Director of Program Development says of 
Engsolve, "Having reviewed numerous examples of projects on which Engsolve were 
the principal external engineering team, I've had the opportunity to thoroughly 
evaluate their capabilities. They have presented a capable understanding of the 
demands of our G3-UHt Unit and the time demands of the project. Our intention 
is that they will be one of our key partners as we take the unit through the 
development cycle to full commerciality." 
 
Keith Allaun, Executive Chairman of PowerHouse, commented, "This is a momentous 
occasion for the Company. Our team has been focused on the concept of 
Distributed Modular Gasification, with the G3-UHt Unit at the centre of our 
plans to participate in this burgeoning segment of the Waste-to-Energy 
industry, for over two years." 
 
"We now believe we can apply an economical, efficient, and environmentally 
rigorous solution to the waste and energy challenges facing our planet. Having 
spent nearly half a decade experimenting, reviewing, and revising our 
technology and engineering philosophy, we have designed, from first principals, 
the G3-UHt Unit. We believe Distributed Modular Gasification© will allow access 
to an economical, and environmentally sound, solution to land-fill diversion, 
low-cost distributed electrical generation, and distributed hydrogen 
production." 
 
For more information, contact: 
 
PowerHouse Energy Group plc                            Tel: +44 (0) 203 368 6399 
Keith Allaun, Executive Chairman 
 
WH Ireland Limited (Nominated Adviser)                 Tel: +44 (0) 207 220 1666 
James Joyce / James Bavister 
 
Turner Pope Investments Ltd (Joint Broker)             Tel: +44 (0) 203 621 4120 
Ben Turner / James Pope 
 
Smaller Company Capital Limited (Joint Broker)         Tel: +44 (0) 203 651 2910 
Jeremy Woodgate 
 
IFC Advisory (Financial PR & IR)                       Tel: +44 (0) 203 053 8671 
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 system, and the creator of Distributed Modular 
Gasification© 
 
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. 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 
 
 
 
END 
 

(END) Dow Jones Newswires

March 24, 2017 03:00 ET (07:00 GMT)

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