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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
29th Jun 20217:00 amPRNDNV Validation of Enhanced DMG Designs
25th Jun 20217:00 amPRNAppointment of Chief Technical Officer
11th Jun 20217:00 amRNSSWECO to support Powerhouse technology in Poland
3rd Jun 20217:00 amPRNProject update
1st Jun 20217:00 amPRNSecond UK site for Powerhouse technology
12th May 20217:00 amPRNLoan Facility to Protos Project SPV
10th May 202111:05 amRNSSecond Price Monitoring Extn
10th May 202111:00 amRNSPrice Monitoring Extension
10th May 20217:00 amPRNExclusivity agreement - technology in Greece and Hungary
27th Apr 20217:00 amPRNDirectors' Dealings
16th Apr 20217:00 amPRNDirectorate Change
13th Apr 20214:06 pmPRNIssue of Equity
29th Mar 20217:00 amPRNDirector/PDMR Shareholding
23rd Mar 20217:00 amPRNProgress update
19th Mar 20217:09 amPRNPlacing of shares
15th Mar 20214:59 pmPRNDirector's dealings and issue of equity
2nd Mar 20217:00 amPRNIssue of equity and director's shareholding
25th Feb 20212:56 pmPRNDirector/PDMR Shareholding
23rd Feb 202111:05 amRNSSecond Price Monitoring Extn
23rd Feb 202111:00 amRNSPrice Monitoring Extension
19th Feb 202111:31 amPRNIssue of Equity and Director's Dealings
16th Feb 20217:00 amPRNDirector/PDMR Shareholding
5th Feb 20212:08 pmPRNIssue of Equity
21st Jan 202110:44 amPRNIssue of Equity
19th Jan 20217:00 amRNSInvestor Presentation
15th Jan 20215:17 pmPRNHolding(s) in Company
14th Jan 20217:00 amPRNPlacing and issue of equity
5th Jan 20219:05 amRNSSecond Price Monitoring Extn
5th Jan 20219:00 amRNSPrice Monitoring Extension
30th Dec 20207:00 amRNSPowerhouse Energy establishes ESG Committee
29th Dec 20209:05 amRNSSecond Price Monitoring Extn
29th Dec 20209:00 amRNSPrice Monitoring Extension
29th Dec 20207:00 amPRNDealing by PDMR
23rd Dec 20209:05 amRNSSecond Price Monitoring Extn
23rd Dec 20209:00 amRNSPrice Monitoring Extension
23rd Dec 20207:00 amPRNStatement re Share Price Movement
22nd Dec 20204:41 pmRNSSecond Price Monitoring Extn
22nd Dec 20204:36 pmRNSPrice Monitoring Extension
22nd Dec 202011:00 amRNSPrice Monitoring Extension
22nd Dec 20209:05 amRNSSecond Price Monitoring Extn
22nd Dec 20209:00 amRNSPrice Monitoring Extension
18th Dec 20207:00 amPRNDirectorate Change
17th Dec 20207:00 amPRNOperational progress update
4th Dec 202010:00 amPRNDirector/PDMR Shareholding
20th Nov 20203:11 pmPRNDirectorate Changes
12th Nov 20207:00 amPRNHeads of Terms agreed for licence of DMG technology
10th Nov 202010:03 amRNSImage of Facility to Commercialise DMG Technology
28th Oct 20204:40 pmRNSSecond Price Monitoring Extn
28th Oct 20204:35 pmRNSPrice Monitoring Extension
23rd Oct 20207:00 amPRNDirectorate Change

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