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PHE Powerhouse Energy Group Plc

1.11
0.01 (0.91%)
Last Updated: 09:00:14
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
  0.01 0.91% 1.11 1.07 1.15 1.125 1.11 1.125 2,361,482 09:00:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Scrap & Waste Materials-whsl 380k -46.2M -0.0111 -1.01 46.56M

POWERHOUSE ENERGY GROUP PLC - Progress on advance towards hydrogen purification

23/10/2017 7:00am

PR Newswire (US)


Powerhouse Energy (LSE:PHE)
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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
Keith Allaun, Chief Executive Officer
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 (Broker)
Ben Turner / James Pope
Tel: +44 (0) 203 621 4120
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

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