Powerhouse Energy Share Discussion Threads

[ken chung] 27/5/2019 09:36

Someone posted here the new CEO said it will be another 3 years until a first commercial system is built and even then it will need testing, perhaps modifying and certifying.

That's the system that was already supposed to have been built a couple of years ago by the way. They don't even have finance, or planning and environment permissions.

Lemming and mushroom only now.

[linesal2] 27/5/2019 09:20

Gotta go a lot lower for me to be losing Chung!

[ken chung] 27/5/2019 01:25

So in other words you don't have any credible answers to my concerns but do show all the usual characteristics of lemmings and mushrooms who will continue to lose money.

[vatnabrekk] 26/5/2019 18:27

Good chap!

[linesal2] 26/5/2019 18:22

I have just tweeted Hugh to look at the companies offering solutions and not just focusing on the problems.

[linesal2] 26/5/2019 17:57

PHE can save industry Billions, lets get it proven then watch the units roll out!

[vatnabrekk] 26/5/2019 16:07

I have suspected this sort of thing for years. I hope the BBC makes a really big issue of this. Absolutely disgusting. Somme people need to be held to account for misleading the public in this way.

[nelson5100] 25/5/2019 12:07

Auditors have to sign off by 30 June including that the company had sufficient finance for next 12 months.

[dodge_city] 25/5/2019 11:32

The problem is that's they need to be signing many deals in the short to medium term to avoid further dilution.

I reckon more placings are inevitable this year.

[linesal2] 25/5/2019 11:01

POWERHOUSE ENERGY GROUP PLC - First Revenue Contract for PowerHouse Energy
PR Newswire

London, April 16

PowerHouse Energy Group plc

("PowerHouse Energy" or the "Company")

17 April 2019

First Revenue Contract for PowerHouse Energy

PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen and clean energy production from waste plastic, is pleased to announce that it has signed a binding contract with its exclusive partner, Waste2Tricity Limited (“W2T”), for PHE to provide planning and engineering design services that will, subject to successful outcome, lead to a build contract and license for use of the DMG® Technology at the Protos site. The agreement defines the paid scope of works during two stages of planning and engineering. At signature, based on quotations from potential Contractors PHE provisionally anticipates that total revenue from the two stages of the contract will amount to approximately £400,000 to cover PHE and Contractors costs.

The engineering design services to be provided by PHE for stage one includes specific feedstock analysis and testing including some third party services, site modelling and specific engineering related to the Protos site. This work will define the parameters for the second stage of the project, the Front End Engineering Design (FEED) contract which it is anticipated will be placed with an Engineering, Procurement & Construction (EPC) contractor, following an agreed review.

The agreement also incorporates Heads of Terms in relation to PHE acting as operational process engineering supplier for the DMG® Technology at the Protos site, encompassing design rights, build contracts and licensing proposition of its technology.

This contract comprises another step towards achieving Financial Close for the first commercial site utilising PHE’s DMG Technology.

David Ryan, CEO of PowerHouse Energy, commented:

“This is the first revenue generating contract signed by PHE and follows the typical revenue regime we will be following for future developments, recognising that more substantial revenues will arise from IP, Design Rights, and licensing and operational engineering in due course. This agreement demonstrates that W2T expects that a special purpose vehicle formed by it intends to place a formal order for DMG® when the Pre-FEED and FEED work is complete. We thank W2T for their commitment and long standing support.”

John Hall, Chairman of Waste2Tricity (Protos) Limited commented:

“This agreement formalises our commitment to implement DMG® Technology on the Protos site. We are working closely in partnership with Peel Environmental, the overall Protos Energy Hub site owners, to finalise all the design parameters with PHE to take the development to the FEED stage and through to fabrication and construction as soon as practical.”

David Ryan, CEO of PowerHouse Energy, further commented:

“We have delivered this agreement in line with our expectations this quarter and we are thankful to our shareholders who have supported us over the years to develop this ground breaking technology to this point of commercialisation and revenues.

ENDS

[linesal2] 25/5/2019 11:00

POWERHOUSE ENERGY GROUP PLC - Developer W2T Sign Power Agreement
PR Newswire

London, May 8

9 May 2019

PowerHouse Energy Group plc

("PowerHouse Energy" or the "Company")

Developer W2T Sign Power Agreement and Waste Feedstock MoU

PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen and clean energy production from waste plastic, is pleased to announce that its exclusive development partner, Waste2Tricity Limited (“W2T”), has agreed that electricity generated by W2T at Protos using DMG® technology will be sold into a private grid operated by Protos and W2T has also agreed a supply agreement for unrecyclable plastic for the DMG® plant. This is a further step in the road to towards achieving Financial Close for the first commercial site utilising PHE’s DMG Technology.

A MOU (Memorandum of Understanding) agreement has been agreed by W2T with the innovative recycler, Advanced Sustainable Developments (ASD), which will see the two companies work collaboratively at the Protos site in Cheshire. The generated electricity from the DMG® process will be supplied back to ASD from the Protos private grid at discount to current power market prices, which will be commercially beneficial to all parties.

W2T has also agreed a supply of feedstock to W2T for processing by DMG® Energy Recovery Technology, which is intended to come from un-recyclable plastic from ASD’s PET plastic recycling project at the Protos site, at a price significantly below current landfill prices. W2T has also arranged back up supply lines for the DMG® plant in the event of delays.

David Ryan, CEO of PowerHouse Energy, commented:

“We are very pleased that our DMG® Energy Recovery Technology will be a key part of the solution at Protos fostered by Peel Environmental with W2T and ASD, which envisages the regeneration of plastics in a circular economy approach to waste management. This matches our vision for the application of the DMG® technology and we believe it heralds the finalisation of a number of further DMG®projects.221;

[linesal2] 25/5/2019 10:57

Amazes me that people that have no interest in a stock post negatives on the board, Ken,Deccer1 and having tracy are all derampers probably a team effort, just look at their posts before they delete them, not a brain cell between them.Never anything new just same old claptrap.

[tenapen] 25/5/2019 10:43

tracey,
Because we choose to be invested.

We are all grown ups and don't need anyone to save us from ourselves. If ken / supa and all the rest of them do not like phe, great, thats for them. But why do they keep coming back to post the same lines over & over ?. A organised de-ramp is my guess.

[having tracey] 25/5/2019 09:37

Good points from Ken to which no one seems to have any credible answers:


Ken Chung
22 May '19 - 09:32 - 9978 of 9994

Are they still paying privately owned related party company W2T £20,000 per month in PHE shares and giving them 50% of any future profits?

What is it exactly that W2T do that PHE couldn't do if it instead spent some of that £20,000 pcm employing a few extra staff inside PHE to do the same work, so saving money/dilution and keeping more future profits for PHE and its shareholders?

Why do you lemmings and mushrooms stand for it?


Ken Chung
22 May '19 - 10:41 - 9980 of 9987 Edit

Good luck because someone posted here the new CEO said it will be another 3 years until a first commercial system is built l, and even then it will need testing, perhaps modifying and certifying.

That's the system that was already supposed to have been built a couple of years ago by the way.

Classic lemming and mushroom comment from you I think.


Ken Chung
22 May '19 - 15:29 - 9984 of 9986 Edit

The company said the commercial systems take a year to build, and as far as I know they don't even have finance or planning permission for the first one, so completion in H1 2020 would be impossible.


Ken Chung
22 May '19 - 15:31 - 9985 of 9986 Edit

Someone posted here the new CEO appointed earlier this year said it will be another 3 years before a first commercial system is built, and even then it will need testing, perhaps modifying and certifying, and could run into unforsen problems.

That's the system that was already supposed to have been built a couple of years ago by the way.

Lemmings and mushrooms only I think.

[vatnabrekk] 25/5/2019 09:05

You're right tenapen, I must desist.

[tenapen] 25/5/2019 08:52

vat,

They are just wind-ups. They are bored or have lost money again else where! and so come here.

I honestly don't know why you keep replying and giving them oxygen ?. Unless there is new news there is nothing to say ! IMO.

[vatnabrekk] 25/5/2019 08:27

I hope that makes you very happy.

[deccer1] 25/5/2019 08:00

Going down fast.

[linesal2] 23/5/2019 07:11

Another Blue day then- thanks KEN!

[linesal2] 22/5/2019 15:39

Ken, re posting the same post you posted a few hours ago does not make it more believable- We all know it is BS just like everything that comes out of your mouth.

It is a totally different system and this ones was approved by a world leading organisation that it was feasible to turn 24 tone per day of plastic/rubber waste into electricity and hydrogen with this system.
And the first one is to be built in the UK.
Keep sniffing the Ajax Ken- as your BS just drives the price up....OR IT SEEMS TO.
GREEN ENERGY I CAN SMELL THE PROFITS FROM HERE!!!!!

[ken chung] 22/5/2019 15:31

Someone posted here the new CEO appointed earlier this year said it will be another 3 years before a first commercial system is built, and even then it will need testing, perhaps modifying and certifying, and could run into unforsen problems.

That's the system that was already supposed to have been built a couple of years ago by the way.

Lemmings and mushrooms only I think.