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Pin to quick picksPowerhouse Ener Share News (PHE)

Share Price Information for Powerhouse Ener (PHE)

London Stock Exchange
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Share Price: 0.925
Bid: 0.90
Ask: 0.95
Change: 0.025 (2.70%)
Spread: 0.05 (5.556%)
Open: 0.925
High: 0.95
Low: 0.92
Prev. Close: 0.925
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AIM WINNERS & LOSERS: Powerhouse in Linde deal; 600 Group orders rise

Fri, 12th Nov 2021 10:48

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday:

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AIM - WINNERS

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Powerhouse Energy Group PLC, up 28% at 5.65 pence, 12-month range 5.20p - 6.40p. The technology company commercialising hydrogen production from waste plastic says its development partner Hydrogen Utopia International PLC has signed a framework agreement with Linde PLC's Engineering unit. The framework agreement provides Linde Engineering with a five year exclusivity to supply Hydrogen Utopia in its development of Powerhouse DMG technology particularly in Poland, Hungary and Greece. The Powerhouse DMG process can generate up to 2 tonnes of road-fuel hydrogen and more than 58 megawatt hours of exportable electricity per day. The project, if completed, is expected to contain ten DMG units in one geographical area.

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600 Group PLC, up 15% at 15.00p, 12-month range 7.20p - 17.00p. The industrial engineering company says its three US operations have been granted forgiveness of their second round loans under the US government paycheck protection program which in total amounts to USD2.2 million. Turning to trading, the company says it performs in line with expectations and order intake has continued to improve during the current financial year. The forward order book stands at USD23 million as at November 9, as increase when compared to the same date one year earlier, when order book was USD11 million.

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Northern Bear PLC, up 11% at 58.28p, 12-month range 46.15p - 62.75p. The building services provider says it has traded well in the first half of its current financial year and expects to report operating profit in the range of GBP1.4 million to GBP1.5 million, up from GBP500,000 a year prior. Operating profit for the six months to September 30 would also represent an increase on the pre-Covid comparative of GBP1.4 million. Looking ahead, the company says its forward order book remains strong and should support its trading performance in the coming months.

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AIM - LOSERS

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PetroNeft Resources PLC, down 2.1% at 3.82p, 12-month range 0.50p - 4.70p. The oil & gas exploration and production company says it is extending the campaign in the Tomsk Oblast, Russia, for winter 2021/22 with the goal of increasing production and also improving the sustained flow rate of existing wells over two producing fields in licence 61. During the first quarter of 2021, a two well fracking program was successfully completed on wells S-373 and L-115. Both were highly successful and exceeded expectations . As a result, PetroNeft signs a contract with NewTech Well Services LLC, an oilfield services company, for the provision of a larger fracking program covering an additional five wells.

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By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
30 Nov 2021 11:15

Powerhouse partner HUI signs letter of intent with Simitli, Bulgaria

(Sharecast News) - Waste plastic-to-hydrogen technology company Powerhouse Energy said on Tuesday that its development partner Hydrogen Utopia International (HUI) has signed a letter of intent with the City of Simitli in Bulgaria.

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12 Nov 2021 12:31

Powerhouse partner HUI signs framework deal with Linde

(Sharecast News) - Waster plastic-to-hydrogen technology company Powerhouse Energy announced on Friday that its development partner Hydrogen Utopia International (HUI) has signed a framework agreement with Linde Engineering.

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1 Nov 2021 11:47

Powerhouse Energy extends agreements in light of Protos progress

(Sharecast News) - Plastic waste-to-hydrogen technology company Powerhouse Energy updated the market on its UK progress on Monday, reporting that the special purpose vehicle to develop the Protos plant and project had advanced work towards construction contracting.

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7 Oct 2021 15:05

Powerhouse inks collaboration deal with HUI

(Sharecast News) - Waste-to-hydrogen technology company Powerhouse Energy has entered into a binding collaboration agreement with HU2021 International (HUI), a wholly owned subsidiary of Hydrogen Utopia International, to market the deployment of 'DMG' technology outside the UK, it announced on Thursday.

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6 Sep 2021 12:57

Powerhouse confirms possible DMG plant in Poland

(Sharecast News) - Waste-to-hydrogen technology company Powerhouse Energy updated the market on Monday, following press speculation over the weekend in relation to a potential agreement between 'DMG' licensee Hydrogen Utopia International (HUI) and Linde.

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31 Aug 2021 12:05

Powerhouse enters binding agreement with Hydrogen Utopia

(Sharecast News) - Waste-to-hydrogen technology company Powerhouse Energy has entered into a binding agreement with Hydrogen Utopia International (HUI), under which HUI has been granted an exclusive non-transferable licence for the application of Powerhouse's 'DMG' technology in Poland, Greece and Hungary.

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18 Aug 2021 11:31

Powerhouse partner Peel planning Dunbartonshire plant

(Sharecast News) - Waste-to-hydrogen technology company Powerhouse Energy announced on Wednesday that its partner Peel NRE has submitted a planning application to develop its second waste plastic-to-hydrogen facility, using Powerhouse technology, at the Rothesay Dock on the north bank of the River Clyde in West Dunbartonshire.

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18 Aug 2021 11:07

AIM WINNERS & LOSERS: SDX comes up empty; Powerhouse plans new site

AIM WINNERS & LOSERS: SDX comes up empty; Powerhouse plans new site

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12 Aug 2021 12:21

Powerhouse Energy buys 48pc of partner Engsolve

(Sharecast News) - Hydrogen-from-plastic technology company Powerhouse Energy Group announced the acquisition of 48% of engineering consultancy Engsolve on Thursday, for consideration of £99,990 in cash.

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22 Jul 2021 16:04

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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2 Jul 2021 14:05

PowerHouse partner Peel inks deal to supply hydrogen fuel stations

(Sharecast News) - Waste-to-hydrogen technology company PowerHouse Energy announced on Friday that its partner, Peel NRE, has signed a letter of intent to supply hydrogen from its planned roll-out of plastic-to-hydrogen facilities to Element 2's proposed network of hydrogen refuelling stations.

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29 Jun 2021 09:18

First stage of validation for Powerhouse hydrogen tech completed

(Sharecast News) - Waste-to-hydrogen technology company Powerhouse Energy announced on Tuesday that gas process design and certification consultancy DNV has completed the first stage of validation for its enhanced design, to produce two tonnes of hydrogen per day.

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3 Jun 2021 11:15

Powerhouse Energy orders critical key alloy for Peel facility

(Sharecast News) - Waste-to-hydrogen technology company Powerhouse Energy has ordered the critical key alloy material to be used in the manufacture of the 'DMG' advanced thermal conversion technology process on Thursday.

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1 Jun 2021 13:41

Powerhouse upbeat on plans for another waste-to-hydrogen facility

(Sharecast News) - Waste-to-hydrogen company Powerhouse Energy Group announced on Tuesday that Peel NRE, part of Peel L&P, is planning to develop its second waste plastic-to-hydrogen facility using Powerhouse technology, at the Rothesay Dock on the north bank of the River Clyde, West Dunbartonshire.

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