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Pin to quick picksPowerhouse Ener Share News (PHE)

Share Price Information for Powerhouse Ener (PHE)

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Share Price: 1.90
Bid: 1.80
Ask: 2.00
Change: 0.13 (7.22%)
Spread: 0.20 (11.111%)
Open: 1.85
High: 2.05
Low: 1.775
Prev. Close: 1.80
PHE Live PriceLast checked at -

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Powerhouse Energy granted patent for waste treatment tech

Fri, 15th Sep 2023 11:22

(Sharecast News) - Powerhouse Energy, the energy tech group that converts non-recyclable waste into low carbon energy, has been granted a patent for a new method of treating waste material.

The AIM-listed company announced on Friday that the European Patent Office has fully granted its application for a patent, which relates to the control of the heating of waste within a Thermal Conversion Chamber (where the conversion of waste feedstock to a syngas takes place).

Powerhouse said its new technology allows the temperature profile in the TCC to be adjusted to give the optimal syngas composition.

"The UK and Europe are expected to become key markets and the granting of patent protection in these territories is therefore an important step for the company," the company said.

"PHE continues discussions with a number of clients, from a diverse range of industries and sectors, each of which requires a solution for their waste and are seeking to reduce reliance on virgin fossil fuels.

The stock up 1% at 0.51p by 1128 BST.

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