Powerhouse Energy Share Discussion Threads

[cmackay] 21/2/2020 00:13

I've already highlighted the relevant points. Just look again, I'm not going to repost the same thing. Institutional investors will be lined up by Peel, and if you think they have lined this all up without making sure it will succeed, then I suggest you short PHE through an appropriate channel.

[cmackay] 20/2/2020 22:56

I should have said they have agreed to source funding. You are correct to pull me up on that. Please explain which bit doesn't show Peel have lined this up for commercial roll out?

[cmackay] 20/2/2020 22:41

POWERHOUSE ENERGY GROUP PLC - Collaboration Contract
Mon, 12th Aug 2019 07:00

12 August 2019

PowerHouse Energy Group plc

("PowerHouse" or the "Company")

Collaboration Contract with Peel Environmental for Eleven DMG® Sites

PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic, is pleased to announce it has entered into a collaboration contract (the “Collaboration Contract”) with Peel Environmental (“Peel”) and Waste2Tricity Limited (“W2T”) to seek to develop a minimum of 10 further sites in the UK for DMG® facilities, in addition to the previously announced project at Protos Energy Park.

Peel have a strategy to develop “Plastic Parks” where waste plastics are recycled and regenerated. Peel’s plans involve bringing together potential counterparties for waste, power and hydrogen with a nett negative CO2 contribution for each site.

The PHE DMG® technology has been evaluated by Peel over the past 30 months and Peel have now committed that the DMG® process will be the key component of each facility and a cornerstone of each Peel “Plastic Park”. DMG® will be the enabling technology to ensure there is no plastic to landfill from these sites by regenerating the waste plastic into power and hydrogen.

Peel will be bringing their land bank, industrial real estate and infrastructure support to the consortium. PHE has an agreement with W2T enshrined in the Collaboration Contract under which W2T will act as project developer for each project and Peel will provide support to W2T with ongoing engagement with funders, with the intention of securing funding for the pipeline of 11 projects from institutional investors. PHE will be contracted to each project under development to provide the engineering, delivery, operation and licensing of the DMG® technology.

David Ryan, CEO of PowerHouse Energy, commented:

“This contractual agreement represents a substantial commitment from Peel to the wider deployment of DMG® Energy Recovery Technology in the UK. Their commitment to commercial and funding engagement is an important step for PHE. Peel will aid the roll out of the technology and importantly they share our vision of the great potential arising from the distributed hydrogen economy

We are hugely encouraged by the fact that we have demonstrated our technology to Peel over an extensive due diligence period and we have met the Peel criteria, not only technically but, more importantly, commercially. As one of the UK’s largest industrial landowners, Peel’s vast land bank, their expertise and their blue-chip counterparties committed to plastic recycling and hydrogen usage enable us to look forward to successful delivery of the projects under this contract and beyond.”

Myles Kitcher, Managing Director of Peel Environmental commented:

“Hydrogen is increasingly being seen as a vital part of our journey to zero carbon. This deal could be transformational in delivering a UK first technology that can generate local sources of hydrogen but also provide a solution to plastic waste. As a business we’re looking at solutions for all plastics with a vision for these facilities to sit alongside recycling and recovery.

“We’re pioneering this solution in the North West but local authorities across the country could benefit from a more sustainable way to treat waste plastic, whilst also creating a local source of low carbon transport fuel which could help them meet their climate change targets.”

John Hall, Managing Director of W2T commented:

“As pioneers of the low carbon distributed Hydrogen Economy we are delighted to see this collaboration with Peel Environmental, who have recognised the importance of hydrogen as a fuel for the future. Along with utilising a circular economy, this innovative technology will undoubtedly play an important role in helping the UK meet its net-zero carbon emissions by 2050, whilst tackling the country’s problem of how to dispose of waste plastic.

This agreement is an important first in the industry and exemplifies the circular economy. Here at Waste2Tricity we recognise the importance of moving away from a linear economy and embracing ways of working which minimises waste. Along with the magnitude of this project and a formal collaboration with Peel, we expect there will be increased investor interest who want to support this revolutionary technology across the UK.”

[vatnabrekk] 20/2/2020 22:20

My word, you have been busy tonight!

[cmackay] 20/2/2020 22:05

Agreed, neither of us know exactly what dd Peel have carried out, but I can't see them wasting time on tech they aren't confident in bringing to commercial stage. They have agreed to fund the first DMG unit. That says a lot more than chewing over past failure.

[nobbygnome] 20/2/2020 22:03

But surely you are shorting it now Jack?

[nobbygnome] 20/2/2020 22:02

Buying at 0.5 may have been reckless...but it has been extremely profitable! Money talks...

[nobbygnome] 20/2/2020 22:01

And I should say that I had exactly the same thrown at me as I am throwing at you about IMM. However, I have learnt from experience and am actually long IMM at this present moment. Don't tell anyone on that thread😉....

[vatnabrekk] 20/2/2020 21:58

"PHE do not have one [a fully functioning commercial unit] and in 17 years of trying have failed to build one!"

Absolutely untrue. They have not spent 17 years trying and failing to build a fully functioning commercial unit. But they have successfully built a small prototype.

But once they get planning permission they will start to build the first commercial unit.

[nobbygnome] 20/2/2020 21:57

On the contrary, what he said was largely correct, although as always certain aspects will change along the way. For an experienced investor like yourself that shouldn't be surprising!

And at this precise moment it doesn't matter that Keith was a charlatan (if he was, I don't have enough evidence because I wasn't involved back then).

[nobbygnome] 20/2/2020 21:55

None. All the shares I have are free because of the money I have made. You however have none and have made no money. Presumably if you are short from the 0.5p level (and you can short via Spreadex because I did it last week as a hedge at 1.75p when I was waiting for the warrants to be exercised) you are massively negative at present.

Ho hum, my recommendation is instead of giving yourself an early heart attack, just go with the flow!

[nobbygnome] 20/2/2020 21:33

>> Jack

You are over analysing the situation as always and living in the past. Keith may well have been a charlatan....but David Ryan is the real deal and is taking the company in entirely the right direction. The market agrees with that analysis at the moment......but I accept that might change in the future depending on the progress made (or not).

Meanwhile as I say because you are stuck in the past you have missed doubling your money and more in the last few weeks. So who is correct at present...

[zeppo] 20/2/2020 21:22

Less of tree shake here today.

Planning news awaited - then!

[cmackay] 20/2/2020 21:20

Ok so we're on the same page with that. Would Peel have done due diligence on PHE? Just yes or no for now.

[cmackay] 20/2/2020 20:32

JakNife, what explanation is there for the fact Peel themselves are dealing with the planning permission for the Protos site?