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Share Price: 1.475

Bid: 1.40

Ask: 1.55

Change: 0.025 (1.72%)

Spread: 0.15 (10.714%)

Open: 1.45

High: 1.48

Low: 1.475

Prev. Close: 1.45

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Powerhouse Energy tanks on Australian project postponement

Fri, 13th Mar 2015 15:25

PowerHouse Energy Group shares tanked on Friday, after the thermal reactor technology provider said it was forced to delay its new PHE G3-Uht gasification System in Brisbane, Australia by a month.The group said the unit suffered several delays from suppliers delivering components for the project, adding the gasification system will now begin in April after having been originally commissioned for March.The London-listed company added it will reduce its presence in Europe as it intends to liquidate its subsidiaries in charge of its operations in the area, in order to focus exclusively on building a gasification system in Australia."The transition of the management of the company to Australia is continuing as planned with activities in Switzerland and Germany being wound-up," the group said in a statement.PowerHouse shares were down 11.22% to 0.910p at 15:55 on Friday.

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18 Oct 2022 08:20

IN BRIEF: Powerhouse Energy chief Keith Riley to step down as chair

Powerhouse Energy Group PLC - Bingley, England-based hydrogen-from-waste-plastic producer - Interim Chair & Acting Chief Executive Officer Keith Riley plans to step down but doesn't give an exact date for this. "I look forward to announcing the new additions to the board which we believe will not only significantly strengthen the board but also ensure that the company has the right expertise in place to take the business forward. Once in place, with the board's agreement, I propose to step down as interim chairman whilst maintaining an executive position on the board and to see PHE's technology into construction," he says on Thursday last week.

5 Sep 2022 18:25

TRADING UPDATES: Bradda wins drilling approval; Oakley invests in vLex

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

25 Aug 2022 12:08

Powerhouse Energy narrows interim loss as posts lower costs

(Alliance News) - Powerhouse Energy Group PLC on Thursday posted a narrowed interim loss as administrative expenses and cost of sales fell.

23 Aug 2022 11:03

IN BRIEF: Powerhouse Energy to build JV hydrogen facility in Poland

Powerhouse Energy Group PLC - Bingley, England-based hydrogen from waste plastic producer - Agrees terms with Hydrogen Utopia International PLC for the joint development of a non-recyclable waste plastic hydrogen facility at a site in Konin, Poland. Says it will contribute for development costs for the project with HUI on a 50:50 basis. Powerhouse Energy agrees to a fixed sum at EUR250,00 for any costs that HUI has incurred in developing the site, and the Konin project to date will be recognised as part of HUI's contribution to the development costs of the JV. Says HUI will also receive a premium of EUR250,000, bringing the total contribution from Powerhouse to HUI to EUR500,000.

23 Aug 2022 11:03

Powerhouse agrees heads of terms for Konin project in Poland

(Sharecast News) - Waste-to-energy technology company Powerhouse has agreed heads of terms with Hydrogen Utopia International (HUI), it announced on Tuesday, for the joint development of a facility at a site in Konin, in the Polish province of Wielkopolska.

15 Aug 2022 17:31

IN BRIEF: Powerhouse Energy CEO to resign after six months in role

Powerhouse Energy Group PLC - Bingley, England-based hydrogen from waste plastic producer - Chief Executive Officer Paul Drennan-Dunrose to resign from his role with effect on August 31, as a personal decision.

15 Jul 2022 13:36

PowerHouse Energy releases positive feasibility report

(Sharecast News) - Waste-to-hydrogen technology company PowerHouse Energy Group updated the market on an independent 'statement of feasibility' for its proprietary full-scale commercial engineering design for its waste-to-power and waste-to-hydrogen processes known as 'DMG' on Friday.

13 Jul 2022 09:31

Hydrogen Utopia and Powerhouse Energy to form hydrogen joint venture

(Alliance News) - Hydrogen Utopia International PLC and Powerhouse Energy Group PLC on Wednesday proposed a 50:50 joint venture for a waste plastic to hydrogen facility in Ireland's Tipperary.

29 Jun 2022 12:11

IN BRIEF: Powerhouse Energy significantly narrows loss in 2021

Powerhouse Energy Group PLC - Bingley, England-based hydrogen from waste plastic producer - Posts sharply narrowed pretax loss in 2021 to GBP2 million from GBP16 million the previous year. In 2020 the company registered an impairment of goodwill of GBP14.2 million. Revenue seven times higher to GBP701,435 from GBP100,000 a year prior. Company says this increase was primarily due to engineering support works provided to the Protos SPV.

27 Jun 2022 17:33

IN BRIEF: Powerhouse Energy names Keith Riley as interim chair

Powerhouse Energy Group PLC - Bradford, England-based hydrogen-from-waste plastic producer - Appoints Non-Executive Director Keith Riley as interim non-executive chair with immediate effect. Riley is the owner and chief executive officer of waste management consultancy company Vismundi Ltd, and previously held senior roles at Veolia Environmental Services PLC including group managing director for technology.

9 Jun 2022 14:49

IN BRIEF: Powerhouse Energy partner wins okay for hydrogen facility

Powerhouse Energy Group PLC - Bradford, England-based hydrogen-from-waste plastic producer - Says UK channel partner Peel NRE, part of Manchester-based Peel L&P Holdings Ltd, wins approval for a hydrogen facility in Scotland. The GBP20 million 13,500 tonne facility at Rothesay Dock on river Clyde's north bank "will be the second site in the UK planning to use Powerhouse’s technology to turn waste plastic into hydrogen," Powerhouse explains.

18 May 2022 05:59

IN BRIEF: Powerhouse Energy chair resigns after three months in role

Powerhouse Energy Group PLC - Bingley, England-based hydrogen from waste plastic producer - Chair Russell Ward announces his intention to resign from the board and his position as chair. He will remain in the position until June 10 while the board considers its succession options. Ward was appointed as chair in March after joining the board at the beginning of February.

13 May 2022 11:49

IN BRIEF: Hydrogen Utopia and Powerhouse Energy in project talks

Hydrogen Utopia International PLC - London-based waste-to-hydrogen company - Confirms discussions with Powerhouse Energy Group PLC about a project opportunity in Ireland. Explains that it is searching for a joint venture partner to develop a waste to hydrogen facility. Notes that there is no deal in place and that PHE is currently considering a proposal and how it may become involved in the potential project.

13 May 2022 07:53

LONDON MARKET PRE-OPEN: ContourGlobal ahead; Amigo scheme closer

(Alliance News) - Stocks in London were called sharply higher on Friday, helped by a positive session in Asia, as equity markets look to rebound from Thursday's bloodbath.

11 May 2022 21:27

IN BRIEF: Powerhouse Energy considers Hydrogen Utopia joint venture

Powerhouse Energy Group PLC - Bingley, England-based company which transforms plastics and waste into clean energy - Notes online speculation, confirms considering joint venture with Hydrogen Utopia International PLC, a London based company which focuses on mixed plastic waste-to-fuel technology.

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