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LONDON (Alliance News) - PowerHouse Energy Group PLC on Thursday said it intends to seek additional commercialisation opportunities for its DMG System technology.
The hydrogen production company said project development partner Waste2Tricity Ltd has met with two substantial waste suppliers to advance negotiations, supply detailed technical information, discuss detailed operational matters, and explore deployment opportunities on with existing installations.
Both negotiations have the possibility to lead to multiple DMG System deployments, PowerHouse said.
In addition to that, the company is in talks with an undisclosed engineering company to obtain a system "wrap" and guarantee on the first deployment of the DMG System. The negotiations are still ongoing, PowerHouse said.
The stock was down 1.3% on Thursday at 0.47 pence per share.
On Wednesday, PowerHouse's DMG waste-to-power technology got the thumbs up in a report by certification authority DNV GL.
