BACKGROUND & COMMERCIALISATION20 Jun 2021 19:17
0 25 4 Name Powerhouse Energy Group Plc Sector ALTERNATIVE ENERGY
Mkt.Sector AMQ1 Mkt.Segment ASQ1 Turnover - Profit -1.71
Norm EPS -0.08 PE Ratio - Market cap 198 NMS -
News
11/06/2021 07:00 RNSNON Powerhouse Energy Group PLC SWECO to support Powerhouse technology in Poland
03/06/2021 07:00 UKREG Powerhouse Enrgy Grp Project update
01/06/2021 07:00 UKREG Powerhouse Enrgy Grp Second UK site for Powerhouse technology
News Trades
POWERHOUSE ENERGY PLC
Waste-to-energy systems for gasifying non-recyclable plastics to produce clean 'End of Waste' syngas (including pure hydrogen) to power hydrogen fuel cell vehicles, generate electricity via stationary hydrogen fuel cells or traditional generators, & produce useful heat & steam. This is not incineration, pyrolysis, standard gasification, or plasma-arc gasification; but a unique & clean proprietary process (without waste furans & dioxins) able to destroy plastics & meet the growing demand for clean electricity & hydrogen syngas.
BACKGROUND & COMMERCIALISATION
PHE initially developed & tested a prototype 'Pyromex' system in Switzerland, which was superseded (pre-commercialization) in 2015 by an improved 3 tonne per day (tpd) prototype 'G-3 UHT' system demonstrated in Australia, before relocating to the UK's Thornton Science Park in 2017, where it was recommissioned, further improved & independently validated by DNV-GL (2018).
Commercial-scale systems will be modular & scaleable to client requirements. Modules currently have a nominal 25+ ton per day (tpd) capacity. Small footprint allows local siting (e.g. within or adjoining existing waste handlers) & co-locating - which PHE call 'Distributed Modular Gasification (DMG).
PHE hopes to earn revenues for tests on the client's proposed feedstock, front-end engineering design, O&M, & upfront + ongoing license fees (the latter initially expected to be at least £500k pa, for each commissioned system Peel initially commissions in the UK [PHE, 9/3/2020]). An SPV business model for each site will remove the need for PHE to finance construction, eliminate dilution for PHE shareholders, & accelerate roll-out. This business model qualifies for UK EIS investment status. PHE may contribute funding if it wishes, giving it proportionally more revenues; & may license its technology for others to roll out (e.g. Asia & USA).
Individual projects are expected to earn revenues from gate fees, for taking in wastes (e.g. plastics at £80/tonne); plus the sale of electricity, hydrogen, & heat/steam, produced from processing wastes. Hydrogen sales could generate 5x more revenue than electricity sales per unit volume of waste processed (hydrogen currently sells at £10 - £12 per Kg). The proportion of electricity to