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Pin to quick picksPowerhouse Ener Regulatory News (PHE)

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Project Development Partner : Commercial Update

13 Apr 2018 07:00

RNS Number : 7976K
Powerhouse Energy Group PLC
13 April 2018
 

RNS Reach

PowerHouse Energy Group, plc

("PowerHouse" or "the Company)

  

Waste2tricity Press Release

 

PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic and end-of-life tyres, notes the Marketing Initiative Press Release announced by Waste2tricity Limited yesterday concerning PowerHouse's proprietary technology, DMG® and DMG-Core, the link to the announcement is here: http://waste2tricity.com/dl/Waste2Tricity-offers-solution-to-plastic-waste.pdf

 

The release contains forward looking statements which, while PowerHouse believes to be materially correct and appropriately indicative, are not necessarily reflective of future market conditions, or of any contract terms that may be entered into in the future. Waste2tricity Ltd, PowerHouse's Project Development partner, is in active discussions with a number of potential partners and customers of the DMG-Core System but there are currently no agreements concluded or certainty they will be. 

 

Highlights of the announcement include:

 

Waste2tricity, Ltd offers solution to plastic waste using DMG®-CORE

 

· Launch of the DMG®-CORE system supplied by PowerHouse Energy to address market for current waste fuel producers, plastic processors and energy-from-waste operators

· Based on the PowerHouse Energy proprietary technology

· Assisting operators unrecyclable plastics

· DMG®-CORE will be supplied with a construction completion risk-wrap and process warranty from a major EPC company

· Process will be capable of later expansion to hydrogen production

· An expectation that PowerHouse systems would likely be funded and operated under an SPV model with end users in which the Company participates and would also receive a license fee.

 

About PowerHouse Energy

PowerHouse Energy has developed proprietary process technology called DMG® which takes plastic and rubber waste streams and converts them into cost efficient energy in the form of electricity and ultra clean hydrogen gas fuel for use in cars and commercial vehicles (FCEV: Fuel Cell Electric Vehicles) and other industrial uses. The PowerHouse technology is the world's first proven hydrogen from waste (HfW) process.

 

The PowerHouse process converts 25 tonne of plastic or rubber waste into 1 tonne H2 per day and 28 MWh per day of electricity.

 

The PHE process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.

 

PowerHouse is quoted on the London Stock Exchange's AIM Market. The Company is incorporated in the United Kingdom.

 

For more information see www.powerhouseenergy.net

 

For more information, contact:

PowerHouse Energy Group plcKeith Allaun, Chief Executive Officer

Tel: +44 (0) 203 368 6399

Turner Pope Investments Ltd (Broker)Andy Thacker

Tel: +44 (0) 203 621 4120

Gable Communications Limited

Justine James / John Bick

Tel: +44 (0) 20 7193 7463

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRADMGMDMZKGRZZ
Date   Source Headline
8th Apr 20112:25 pmRNSAmendment to Warrant exercise price
1st Apr 20117:30 amRNSProposed acquisition of PowerHouse Energy, Inc.
1st Apr 20117:30 amRNSRestoration - Bidtimes Plc
22nd Mar 20113:30 pmRNSSuspension - Bidtimes Plc
22nd Mar 20113:30 pmRNSStatement re. Suspension
30th Sep 20104:36 pmRNSHalf Yearly Report
27th Jul 201010:41 amRNSResult of AGM
12th Jul 20107:00 amRNSAdviser - change of name
21st Jun 20107:00 amRNSFinal Results
16th Feb 201010:55 amRNSChange of accounting reference date
1st Feb 201011:04 amRNSDirectorate Change
1st Feb 20107:00 amRNSChange of Adviser
16th Dec 20094:15 pmRNSInvesting Policy Update
21st Sep 200910:53 amRNSResult of AGM
28th Aug 200912:46 pmRNSAnnual Financial Report
28th Aug 20097:00 amRNSFinal Results
12th Mar 20097:00 amRNSExploration Activities Update
28th Nov 20087:00 amRNSInterim Results
23rd Jul 200811:38 amRNSDirector/PDMR Shareholding
22nd Jul 20083:54 pmRNSDirector/PDMR Shareholding
10th Jul 200811:51 amRNSHolding(s) in Company
1st Jul 20087:01 amRNSResult of AGM
1st Jul 20087:00 amRNSRestoration - Bidtimes plc
1st Jul 20087:00 amRNSResult of EGM
9th Jun 200812:11 pmRNSAnnual Report and Accounts
6th Jun 20081:10 pmRNSFinal Results
6th Jun 200812:59 pmRNSRevision of Investment Strate
23rd May 200810:28 amRNSChange of Adviser
13th May 20083:22 pmRNSHolding(s) in Company
10th Dec 20077:00 amRNSStatement re. Suspension
10th Dec 20077:00 amRNSSuspension - Bidtimes plc
27th Nov 20077:00 amPRNHalf-yearly Report
15th Oct 20074:26 pmPRNResult of AGM
19th Sep 200710:49 amPRNHolding(s) in Company
10th Sep 200712:38 pmPRNHolding(s) in Company
30th Aug 20077:01 amRNSAdrian Collins Chairman
29th Aug 20073:58 pmPRNFinal Results
10th Aug 20073:40 pmPRNAIM Rule 26
8th Aug 20073:34 pmPRNHolding(s) in Company
23rd Jul 20074:21 pmPRNDisposal
13th Jul 200712:52 pmPRNDirector Declaration
26th Jun 200712:57 pmPRNResult of EGM
25th May 20077:00 amPRNProposed sale of investment property
23rd Apr 200710:14 amPRNHolding(s) in Company
19th Apr 200711:03 amPRNDirector Declaration
16th Apr 200712:33 pmPRNHolding(s) in Company
16th Apr 200710:15 amPRNHolding(s) in Company
23rd Mar 200710:59 amPRNHolding(s) in Company
20th Mar 20074:38 pmPRNHolding(s) in Company
12th Dec 200612:14 pmPRNTotal Voting Rights

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