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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.125 | 12.82% | 1.10 | 1.00 | 1.10 | 1.05 | 0.975 | 0.975 | 9,662,723 | 16:40:20 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Scrap & Waste Materials-whsl | 380k | -46.2M | -0.0111 | -0.95 | 43.65M |
TIDMPHE 21 August 2017 PowerHouse Energy Group plc ("PowerHouse" or "the Company") Extended Trial Produces Over 50% hydrogen Syngas PowerHouse Energy Group plc (AIM: PHE), the company focused on ultra high temperature gasification waste-to-hydrogen, waste-to-energy, and the creator of Distributed Modular Gasification (DMG)© systems, is pleased to announce that subsequent to the re-commissioning operation of G3-UHt gasification unit (announcement 31 July, 2017) the Company has completed its first extended technical trial of the Distributed Modular Gasification (DMG)© gasification process at the Energy Center of Thornton Science Park, UK. As previously announced, the Company has begun a robust program of testing and technical data collection for integration into the process engineering basis of design for the commercial roll-out of DMG. Distributed Modular Gasification© is a mechanism for the eradication of waste, the generation of distributed electricity, and, most importantly, the production of distributed hydrogen. Operating on a feedstock of tyre crumb, PowerHouse engineers were able to demonstrate control of the process at ultra-high temperature which led to the generation of synthesis gas (syngas.) According to onsite, in-line analytical instrumentation, the syngas produced was greater than 50% hydrogen by volume. The remaining, measurable, constituent elements of the syngas were CO (carbon monoxide) and CH4 (methane.) Importantly, the in-line gas analysis equipment detected absolutely no CO2 in the gas stream generated by the Unit. A more rigorous analysis of the syngas produced in the DMG process will be conducted by certified external laboratories in future trials. The G3-UHt unit was disassembled subsequent to its previous trial for a thorough post-operational review. The results of that review led to minor modifications of the operational parameters by which the most recent trial was conducted. Similarly, the unit will again undergo a thorough dis-assembly, inspection, and evaluation of each individual component of the system to ensure continuity of plan. "PowerHouse has long focused on the efficient generation of energy from waste. However, our ability to generate a concentrated volume of hydrogen from waste, on a distributed basis, sets us apart from others. We believe that DMG is critical to opening the door to the coming hydrogen economy," said Keith Allaun, Executive Chairman. "These trials will allow us to manage and maximise the constituent elements of the syngas we create to best serve our business model objectives of delivering hydrogen as a road-fuel. David Ryan, PHE Executive Director of Programme Development, said: "Over the course of the past week, and after two weeks of evaluation and refitting of the G3 unit, the system operated without a hitch. Our objectives for this trial - in addition to a successful operation over an extended period - were to begin to hone in on the ideal dwell time for the tyre crumb feedstock in the gasification reactor, the optimal injection of steam at various stages of the process, and, of course, the generation of a syngas of greater than 50% hydrogen. The team was successful on all fronts. By varying the operational parameters we were able to create a syngas with an energy value of over 24MJ/m3 or an extremely hydrogen-rich syngas. Our design program has benefited tremendously from these results and we're confident in our ability to continue to improve upon them and incorporate the data into our process design." As previously announced, demonstration visits for interested parties and shareholders will commence upon the completion of summer holidays and will be communicated in due course. For more information, contact: PowerHouse Energy Group plc Tel: +44 (0) 203 368 Keith Allaun, Executive Chairman 6399 WH Ireland Limited (Nominated Adviser) Tel: +44 (0) 207 220 James Joyce / James Bavister 1666 Turner Pope Investments Ltd (Joint Broker) Tel: +44 (0) 203 621 Ben Turner / James Pope 4120 Smaller Company Capital Limited (Joint Broker) Tel: +44 (0) 203 651 Jeremy Woodgate 2910 Allerton Communications (Media Relations) Peter Curtain Tel: +44 (0) 203 137 peter.curtain@allertoncomms.co.uk 2500 About PowerHouse Energy PowerHouse Energy Group plc is the developer of the G3-UHt Ultra High Temperature Gasification Waste-to-Energy unit, and the creator of Distributed Modular Gasification© which allows for the elimination of waste, the generation of distributed electricity, and the production of distributed hydrogen. 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 syngas for power generation, or high-quality hydrogen 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. Distributed Modular Gasification and DMG are copyrights of PowerHouse Energy Group plc. 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 . PowerHouse may also be followed on Vox Markets at www.voxmarkets.co.uk/company/PHE. END
(END) Dow Jones Newswires
August 21, 2017 02:00 ET (06:00 GMT)
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