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PHE Powerhouse Energy Group Plc

1.09
-0.01 (-0.91%)
28 Mar 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
  -0.01 -0.91% 1.09 1.05 1.10 1.125 1.075 1.125 12,222,893 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Scrap & Waste Materials-whsl 380k -46.2M -0.0111 -0.96 44.48M

Powerhouse Enrgy Grp Completion of Pre-FEED of Commercial DMG© System

22/11/2017 7:00am

UK Regulatory


 
TIDMPHE 
 
PowerHouse Energy Group plc 
                        ("PowerHouse" or the "Company") 
 
               Completion of Pre-FEED of Commercial DMG© System 
 
PowerHouse Energy Group plc (AIM: PHE), the UK waste-to-hydrogen pioneer, has 
reached its first major milestone in the engineering design of its nominal 25 
tonne-per-day commercial Distributed Modular Gasification (DMG©) system with 
the completion of the pre-Front-end Engineering and Design (pre-FEED) stage. 
 
The pre-FEED stage of the engineering programme has validated the Company's DMG 
© technology and its ability to deliver commercial quantities of high-grade 
synthesis gas (syngas) for use as a fuel, for electrical production, and for 
the extraction of 99.999% road-fuel-quality hydrogen. It was completed in 
conjunction with consulting engineer Engsolve Ltd ("EngSolve") and met the 
Company's previously announced milestone targets in terms of commercial build 
and delivery. 
 
Following completion of the pre-FEED stage, the Company will now move into the 
Basic Engineering Program and Front-end Design and Engineering (FEED), which 
will finalise selection of vendors for provision of various components of the 
DMG© system and optimise the design schema for the first commercial site. 
 
The DMG© system is compact and scalable and has the potential to recover up to 
97% of the embodied energy in multiple waste sources, such as used tyres, 
plastics, and other industrial and municipal wastes, with negligible greenhouse 
gas emissions. 
 
PowerHouse, in conjunction with Peel Environmental ("Peel") with whom the 
Company previously announced an MOU regarding the Protos facility, along with 
development partner, Waste2tricity Ltd, has identified five commercially 
attractive sites in the UK for initial DMG© rollout. Two of these sites have 
been shortlisted for immediate exploitation, with final evaluation now under 
way.  When initial site selection is confirmed, we intend to complete 
 negotiations for long-term private wire power-purchase and feedstock supply 
contracts. 
 
Keith Allaun, CEO of Powerhouse Energy, commented: 
 
"The tremendous work done to date at the Thornton Science Park, Chester, with 
the PHE G3 demonstration unit has delivered the fundamental data necessary for 
us to achieve this important engineering milestone announced today. We will 
continue to derive additional data from running the G3 unit over the coming 
months to expand our knowledge-base and ensure we continue to maximise our 
results. 
 
"The EngSolve engineering team has done an excellent job incorporating the test 
results and the accumulated data into this cutting-edge process design. The 
completed pre-FEED work will inform every subsequent step in our commercial 
design and will ensure that we're able to maintain the pace of delivery of the 
DMG© system." 
 
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 / Alex Bond 
 
Turner Pope Investments Ltd (Broker)           Tel: +44 (0) 203 621 4120 
Ben Turner / James Pope 
 
Buchanan (Media enquiries)                     Tel: +44 (0) 20 7466 5000 
Mark Court 
 
About PowerHouse Energy 
 
PowerHouse Energy Group plc is the developer of the G3-UHt Ultra High 
Temperature Gasification unit, and the creator of DMG©, the Distributed 
Modular, Gasification System which allows for the distributed eradication 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 eradication, landfill diversion, electrical 
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

November 22, 2017 02:00 ET (07:00 GMT)

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