Powerhouse Enrgy Grp Operational Update

 
TIDMPHE 
 
PowerHouse Energy Group plc 
 
                        ("PowerHouse" or the "Company") 
 
                              Operational Update 
 
PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering 
hydrogen production from waste plastic and used tyres  and developer of the DMG 
® System continues to seek additional commercialistion opportunities for its 
technology. 
 
In conjunction with its Project Development Partner,  Waste2Tricity, Ltd 
("Waste2Tricity") , PHE has met with 2 substantial waste suppliers to advance 
negotiations, supply detailed technical information, discuss detailed 
operational matters, and explore realistic deployment opportunities interfacing 
with existing installations.  Both negotiations have the possibility to lead to 
multiple DMG® System deployments, however at this stage there is no assurance 
that either of these, or any other, negotiations that Waste2Tricity are engaged 
in on behalf of PHE will come to fruition. 
 
PHE has also engaged with, and have provided significant technical detail to, a 
major UK-based, multi-national EPC (engineering, procurement, and construction) 
company to support Waste2Tricity's negotiations on behalf of both itself, and 
PHE, to obtain a system "wrap" and guarantee on the first deployment of the DMG 
® System and that these negotiations are ongoing.  However, as previously 
stated, these, and other negotiations, may not result in reaching a 
satisfactory commercial agreement. 
 
Per our joint-development agreement of January 2017, PowerHouse Energy Group 
continues to support Waste2Tricity's efforts in building a pipeline of 
commercially viable potential projects. 
 
PowerHouse yesterday announced the successful receipt of the "Statement of 
Feasibility" from DNV-GL under the RP-A203 Technical Assessment protocol. 
 
For more information, contact: 
 
PowerHouse Energy Group plc         Tel: [phone] 
Keith Allaun, Chief Executive Officer 
 
WH Ireland Limited (Nominated Adviser)       Tel: [phone] 
James Joyce / Chris Viggor 
 
Turner Pope Investments Ltd (Joint Broker)         Tel: [phone] 
Ben Turner / James Pope 
 
Ikon Associates(Media enquiries)     Tel: [phone] 
Adrian Shaw           Mob: [phone] 
 
About PowerHouse Energy 
 
PowerHouse Energy has developed a proprietary process technology called DMG® 
which can use waste plastic end-of-life-tyres and other waste streams to 
convert them into cost efficient energy in the form of electricity and ultra 
clean hydrogen gas fuel for use in cars and commercial vehicles (FCEV: Fuel 
Cell Electric Vehicles) and other industrial uses. The PowerHouse technology is 
the world's first proven, modular hydrogen from waste (HfW) process. 
 
The PowerHouse DMG® process can generate in excess of 1 tonne of road-fuel 
quality hydrogen, and in excess of 28 mW/h of exportable electricity per day. 
 
The PHE process produces low levels of safe residues and requires a small 
operating footprint, making it suitable for deployment at enterprise and 
community level. 
 
PowerHouse is quoted on the London Stock Exchange's AIM Market. The Company is 
incorporated in the United Kingdom. 
 
For more information see www.powerhouseenergy.net 
 
About Waste2tricity, Ltd 
 
Established in 2008, Waste2Tricity is a structured solutions provider to the 
energy-from-waste (EfW) sector, an industry supplying increasing amounts of 
electricity using feedstock diverted from landfill. Waste2Tricity works with 
clients and partners to develop, fund and support EfW deployment projects that 
use proven technology, are profitable and progressive. In the case of PHE these 
projects will use high temperature thermal conversion and ultra-efficient gas 
engines to convert waste plastic to energy and in the future can produce 
hydrogen to support the growth of the hydrogen economy. 
 
For more information see www.waste2tricity.com. 
 
About DNV GL 
 
Today DNV GL is a globally leading quality assurance and risk management 
company. With 100,000 customers across the maritime, oil and gas, energy, food 
and healthcare industries, as well as a range of other sectors, DNV GL helps 
companies to become safer, smarter and greener. 
 
Driven by our purpose of safeguarding life, property and the environment, DNV 
GL enables organizations to advance the safety and sustainability of their 
business. Operating in more than 100 countries, our professionals are dedicated 
to helping our customers in the maritime, oil & gas, energy and other 
industries to make the world safer, smarter and greener. 
 
In the power and renewables industry 
 
DNV GL delivers world-renowned testing and advisory services to the energy 
value chain including renewables and energy efficiency. Our expertise spans 
onshore and offshore wind power, solar, conventional generation, transmission 
and distribution, smart grids, and sustainable energy use, as well as energy 
markets and regulations. Our experts support customers around the globe in 
delivering a safe, reliable, efficient, and sustainable energy supply. 
 
For more information see www.dnvgl.com 
 
 
 
END 
 

(END) Dow Jones Newswires

October 18, 2018 04:10 ET (08:10 GMT)