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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: 0.95
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PowerHouse Energy nets first revenue generating contract

Wed, 17th Apr 2019 13:03

(Sharecast News) - PowerHouse Energy's (PHE) shares climbed on Wednesday after it signed its first revenue generating contract to provide planning and engineering design services to its exclusive partner, Waste2Tricity Limited.PowerHouse said that, subject to a successful outcome, the contract will lead to a build contract and license for use of its DMG Technology at Waste2Tricity's Protos site, a planned first industrial-scale facility capable of converting waste plastics into hydrogen which is on course to be constructed near Ellesmere Port in Cheshire.Total revenue from the planning and engineering design stages of the contract will amount to approximately £0.4m to cover PHE and and its contractors' costs.The AIM traded company's DMG technology can be used to convert waste plastic, end-of-life-tyres, and other waste into syngas, from which valuable products such as chemical precursors, hydrogen, electricity and other industrial products may be derived.David Ryan, chief executive of PowerHouse, said: "This is the first revenue generating contract signed by PHE and follows the typical revenue regime we will be following for future developments, recognising that more substantial revenues will arise from IP, Design Rights, and licensing and operational engineering in due course."PHE will provide site modelling and engineering services as part of the agreement, as well as defining the parameters of a front-end engineering design contract that would be placed with a third-party contractor, while the deal also relates to PHE acting as the supplier of DMG to the site, covering design rights, build contracts and licensing of the technology."We have delivered this agreement in line with our expectations this quarter and we are thankful to our shareholders who have supported us over the years to develop this ground breaking technology to this point of commercialisation and revenues," said Ryan.PowerHouse Energy's shares were up 4.00% at 0.52p at 1221 BST.
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18 Oct 2018 11:04

Powerhouse Energy seeks out additional commercial opportunities

(Sharecast News) - AIM-listed waste-to-plastic business Powerhouse Energy told investors on Thursday that it had been hard at work seeking out additional opportunities for its technology.

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28 Sep 2018 13:10

PowerHouse Energy Loss Widens On Increased Administrative Expenses

LONDON (Alliance News) - Powerhouse Energy Group PLC on Friday reported a widened interim loss on increased costs.In the six months ended June, the waste-to-energy systems provider widened

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27 Jul 2018 11:45

PowerHouse Energy Shares Drop As Facility Development Delayed To 2019

LONDON (Alliance News) - Shares in PowerHouse Energy Group dropped on Friday as the company pushed back its expectations for when its first commercial facility will be operational due to financing

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20 Jul 2018 15:51

UK Shareholder Meetings Calendar - Next 7 Days

Monday 23 JulyEthernity NetworksActive Energy GroupBSD CrownTuesday 24 Air 25

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6 Jul 2018 09:49

PowerHouse Fundraises To Progress Work On Flagship DMG System (ALLISS)

LONDON (Alliance News) - PowerHouse Energy Group PLC on Friday said it has raised GBP694,030 through a share placing and subscription to progress its commercial activities.The UK technology

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2 Jul 2018 16:47

PowerHouse Energy In Discussions With Toyota, No Agreement Made Yet

LONDON (Alliance News) - PowerHouse Energy PLC on Monday noted "an article in the weekend press" that said the company is working with Japanese car maker Toyota Motor Corp.The is

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29 Jun 2018 12:34

PowerHouse Energy Loss Widens As It Works Towards Commercialisation

LONDON (Alliance News) - PowerHouse Energy Group PLC said Friday its annual loss widened in a "transformative year" as it starts shifting towards the commercialisation of its clean were

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18 May 2018 11:37

PowerHouse Energy Issues 18 Million Shares To Settle Fees (ALLISS)

LONDON (Alliance News) - PowerHouse Energy Group PLC said Friday it issued 17.9 million new shares to service providers to settle fees.The company issued 7.9 million shares at 0.76 pence 10

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18 Apr 2018 13:50

PowerHouse Energy Raises GBP900,000 To Commercialise Technology (ALLISS)

LONDON (Alliance News) - PowerHouse Energy Group PLC said Wednesday it has raised GBP900,000 via an oversubscribed share placing and subscription agreement to support the commercial development of

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15 Feb 2017 10:44

Powerhouse's shares slide as it repays loan in cash and shares

(ShareCast News) - Shares in Powerhouse Energy have plunged 25% as it repaid a £3.4m loan note balance to Hillgrove via a mix of funds raised in a capital hike and the conversion of debt to new shares. It had completed a £2.5m placing of 312.5m new shares at 0.8p each. Hillgrove has accepted a £2m

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26 Jan 2017 09:33

PowerHouse Flagship G3-UHt Reactor System Sets Sail Toward UK

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19 Jan 2017 12:54

Powerhouse welcomes Yady with £250,000 investment in new shares

(ShareCast News) - AIM-listed landfill-to-energy specialist PowerHouse has agreed to raise a gross £250,000 via a placing with Yady Worldwide. PowerHouse, whose lead technology is the G3-UHt ultra-high temperature gasification waste-to-energy systems, said it had placed 35.7m shares at a price of

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19 Jan 2017 09:23

PowerHouse Energy Raises GBP250,000 From Yady Worldwide (ALLISS)

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6 Sep 2016 08:54

PowerHouse plastic-to-power testing declared a success

(ShareCast News) - PowerHouse Energy Group announced on Tuesday the completion of its system-wide testing program for the G3-UHt unit in Brisbane, Australia. The AIM-traded firm's ultra-high temperature gasification reactor testing program has utilized feedstock which has included both shredded plas

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15 Jul 2016 15:45

PowerHouse Energy raises fresh funds via direct subscription of shares

(ShareCast News) - PowerHouse raised fresh funds via a direct subscription of shares to hire new staff and bolster its financial flexibility in the wake of the referendum vote. The waste to energy systems provider generated £250,000 via the issue of 38,461,538 new ordinary shares which were expected

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