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PHE Powerhouse Energy Group Plc

0.95
0.025 (2.70%)
03 May 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
  0.025 2.70% 0.95 0.90 0.95 0.925 0.925 0.925 2,871,429 16:35:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Scrap & Waste Materials-whsl 380k -46.2M -0.0111 -0.83 38.25M

Powerhouse Enrgy Grp G3-UHt Demonstration Update

09/08/2017 7:00am

UK Regulatory


 
TIDMPHE 
 
8 August 2017 
 
                          PowerHouse Energy Group plc 
                        ("PowerHouse" or "the Company") 
 
                          G3-UHt Demonstration Update 
 
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 
after the recent successful re-commissioning and high-temperature operation of 
the Company's G3-UHt DMG module (the "Unit"), the Company has commenced a 
programme of demonstrations of the technology, testing of various feed stocks 
and operational parameters, and in-depth analysis of the synthesis gas (syngas) 
constituents. 
 
It is expected that the demonstrator Unit at Thornton Science Park will be run 
for an extended period during August in anticipation of a full week of 
operation in September.  During these operational segments the engineering and 
development teams will be collecting data from a variety of sources integrated 
throughout the Unit.  Subsequent to operation the Unit will be thoroughly 
inspected and all relevant data reviewed. 
 
Concurrent with the regular operation of the demonstrator Unit, collected data 
will be fed into process models for the basis of design for the first 
commercial unit to be constructed.  The engineering team has begun this design 
effort. 
 
It is anticipated that public demonstrations for interested parties, including 
investors, will be held in September and the Company will provide further 
details in due course. 
 
David Ryan, Powerhouse Executive Director of Programme Development and 
responsible for overseeing all Company activities at Thornton Science Park, 
said: "This is the beginning of an exciting time for PowerHouse.  We now have 
the tools, the talent, and the G3-UHt in operation to allow us to develop DMG 
into a commercial reality.  We are taking a thoughtful and conservative 
approach to getting the full-scale design right first time.  This will save us 
development time and cost in the long run. 
 
"This cannot mean reducing effort, indeed, we are growing the team to 
facilitate 24/7 operations in the near term." 
 
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 
 
IFC Advisory (Financial PR & IR)                   Tel: +44 (0) 203 053 
Tim Metcalfe / Miles Nolan                         8671 
 
 
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 focused 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 electrical 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 09, 2017 02:00 ET (06:00 GMT)

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