Powerhouse Energy Share Discussion Threads

[vatnabrekk] 11/10/2019 12:45

"Wrightbus sale deal reached 'in principle'"

[vatnabrekk] 11/10/2019 09:26

If you have a genuine interest in the company's progress and the operation of the prototype, then I suggest you drop an email to David Ryan. Obviously he can't give away any commercial secrets, but I have no doubt that you will get clearer answers from him than on this BB.

[scrutable] 11/10/2019 08:12

The world hopes that something can be made to work to achieve the stated aims of PHE and the hopes of PEEL. They are still my hopes. I have actually lost money ,that mercifully I could afford to lose, whilst holding an observation quantity of shares to sharpen my perception of events.

I have a professional engineering background. Once every one or two years I post the same questions, and so far for ten years always had the same answers.

It seems still to be all fairy tales. Unless I am mis-informed, not even a lab unit exists which is being used to produce electricity, let alone hydrogen, that has a saleable value. If they really are occasionally putting useful electricity into a mini-grid it would be better they charged for it and paid for services they may claim to receive in exchange. They would then have essential evidence to demonstrate that the sales pitch for the process is not a pack of lies.

With so little cash available I would have expected some basic product to be occasionally produced by the demo machine and SOLD. Until the day that they can repeatedly demonstrate that, they should not say that a working protoype exists.

It is even fraudulent to repeat that the prototype CAN produce hydrogen and electricity. The word CAN pops up all over the place in this saga.
Until it can be replaced by the word DOES all contracts for the use of the IP
are not worth the paper used to record them.

I still wish the company luck. It would be nice to have a truthfull report on which of the problems remain to be resolved

[vatnabrekk] 10/10/2019 13:57

Gimmethefax: I am not aware of anyone claiming that PHE are currently selling hydrogen and electricity. Certainly I have never claimed that.

I am fairly sure that they are not currently producing hydrogen for selling from the prototype, because given the quantity of syngas and the cost of the additional equipment required to purify the hydrogen, that simply wouldn't be a viable proposition.

Although I have said that the prototype is being used to generate electricity for the Thornton Park mini grid (as reported by the company itself) I have never claimed that they are selling it because I have no idea how much electricity they are generating, nor what sort of arrangement they have with Thornton Park. It may be, for all I know, that they have some sort of reciprocal arrangement other than charging for it.

[smokey 1o3] 10/10/2019 11:18

Mushrooms and Lemmings

[ken chung] 10/10/2019 11:02

DILUTION WARNING! DILUTION WARNING! DILUTION WARNING!

AGM resolutions 6 and 7 approved on 14/8/2019 allow PHE to allot 66% more shares ('rights issue') and 35% pre-emptively.

That is a shed load more dilution.

Hardly surprising as they will be loss making for years and have not built even one commercial unit let alone the multiple units they would need just to breakeven.

Loads more dilution coming.

Below 0.2p soon.

[zeppo] 10/10/2019 10:15

Gimmethefax

Are you an investor yourself?

This is obviously a high risk, high reward investment.

vatnabrekk and I attended the AGM.

Did you?

[gimmethefax] 10/10/2019 09:27

This planet-saving, DMG prototype is also valued at a whopping 954 pounds....Probably a lot less than many peoples investments in this company.?

[vatnabrekk] 10/10/2019 08:21

Scrutable: Yes of course it is not Cambridge University, it is Chester. Post amended. Regarding your other points I am not in a position to comment or answer, so if you want to know more detail about the prototype I suggest you write to David Ryan. I believe he is happy to respond to genuine questions.

[vatnabrekk] 10/10/2019 08:05

"Micro grid - lights in the toilets before the council shuts down the place."
And that's not misleading?

[lagosboy] 10/10/2019 07:40

vatman- do be more careful about posting inaccurate and highly mis-leading information which neither you nor any third party have verified.

It is not 'operating', if has undergone very limited testing, it has not been tested on a variety of feedstocks, tyre crumble (pre-screened) and mixed plastics only.

Micro grid - lights in the toilets before the council shuts down the place.

[zeppo] 10/10/2019 04:39

Possibly Chester University?

Patience needed.

Why keep predicting a negatve result when the match is still in play?

On major investors:

if thresholds are chsnged then RNSs are mandatory.

Major investors can get closér to the realities of a company than we can.

Major investers appear to be continuing their support.

[zeppo] 10/10/2019 04:39

Smartphone stuck 4:42 am

[scrutable] 09/10/2019 23:48

vattnabrekk

I am aware of the points you have made. Mine is that there is still no evidence that the prototype can run uninterruptedly for at least a few hours and produce hydrogen, and electricity for the grid, in any useful, observable, invoiceable quantity. Please will any shareholder or engineer or scientist assure me that they have actually attended such a production run.

With rhe company so short of cash every £100 worth of output would be evidence that the future holds more than hope for us all. But the witnesses are, so far as I have encountered, all relying on hearsay.

You report with confidence, above, that the prototype at Thornton Park (surely not at Cambridge University as you quote) is achieving what I am asking for.

Has anyone seen credit notes from the micro-grid owners who have received the electricity?. Is there anything in the recent accounts to show this? Have you actually watched production with your own eyes?

Have you actually drunk the wine?

[zeppo] 09/10/2019 23:31

vatnabrekk

Thank you for your post.

Why do doubters bother to post?

[vatnabrekk] 09/10/2019 22:29

Just for info, the prototype 1-3 tonne per day DGM unit is operating at Chester University's Thornton Park and generating electricity into the Thornton Park micro grid. It has been used to accumulate data using a variety of feedstocks, and this data has been used to extrapolate engineering info used in the design of the first commercial unit, which will be a 35 tonne per day DMG unit to be built at Peel's Protos Park next year.

The planning application for the site infrastructure, buildings and DMG unit at Protos Park was submitted to Chester Council a few weeks ago, and assuming that planning permission may be received in the next couple of months or so, construction of the site should be able to commence when W2T (the developer) secures finance for the project. The latest target I am aware of is for the first commercial unit to be commissioned and operational about Q3 / Q4 next year, although I would not be surprised if that timeline drifts.

In the meantime, the prototype at Thornton Park is earning revenue for PHE as it is being used to run tests and accumulate data on a variety of feedstocks on behalf of potential customers who are interested in the DMG technology, and who are paying for the testing and collection of data to be done.

This info is all available in various RNS releases and video interviews throughout the current year, as well as notes posted by individuals who attended the AGM.

Incidentally, the planning application was prepared and submitted by W2T and Peel who put much time and resources into it, and of course PHE were heavily involved from a technical perspective.

[scrutable] 09/10/2019 21:45

Zeppo

You are missing the point entirely. The price or cost of the Hydrogen is irrelevant.

It seems that I have to spell it out. This process is repeatedly endorsed as fit for the sale or licensing of its IP. but noone has yet explained why neither hydrogen, nor electricity has been produced. If so why was this cash strapped project not interested in reducing development costs by at least monetising the alleged products- - hydrogen or electricity - however small the quantity.

It is difficult, without alternative evidence, to believe that the process has ever undergone or achieved a few hours of actual production and all the assertions we have read or heard must have been and continue to be.....outright porkies.

The story of this process development reads like the report of a religous miracle akin to turning water into wine, and investors are desperate to believe in it. What other conclusion can a rational person come to?

What on earth do PEEL/W2T know that we don't know? How on earth have they developed the confidence to sign contracts to exploi the IP ...? Or do they simply have the necessary range of get-out clauses when benchmarks and milestones are not passed in the future?

[lagosboy] 09/10/2019 19:51

competitively priced- that is such a ridiculous statement to make at this stage.

Hydrogen is not priced according to assumption based spreadsheets but by real world experience of which Phe has none.

Its unproven, not expected to be commercially viable even if deliverable and that's why Phe is valued as it is.

Now if you know different to te experts that have supposedly cast their eyes over this groundbreaking technology them so be it, but ignoring the obvious is generally a very stupid game.

As for patience, Phe shareholders should be commended and not patronised by Johnny come lateley's like yourself. Phe has been mucking about with this in various shapes and forms for almost two decades now.

[zeppo] 09/10/2019 15:22

I am more confident now with PHE.

Discussion at the AGM appeared to suggest that their hydrogen is already competitively priced compared to eg ITM.

And PHE's can achieve even lower costs when commercial production is onstream.

Impatient shareholders have slagged of directors of AFC, PHE, ITM etc but ITM is looking more promising now.

Patience needed here.

More of a concern to me is the lack of interest in the hydrogen economy by financial journalists.

On AFC's site I quoted a Sunday Times article sbout power hungry data centres which logically should have mentioned Cummins, Ceres etc.

Every other type of 'green' energy was mentioned but nothing at all on fuel cells and hydrogen.

With press exposure SPs would go the right way more noticably when there is good news as with CWR and ITM.

There will be good news here IMHO.

[scrutable] 09/10/2019 14:43

my apologies for the duplicate.