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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
23rd Apr 20209:17 amPRNHolding(s) in Company
23rd Apr 20209:14 amPRNHolding(s) in Company
17th Apr 20203:18 pmPRNIssue of Equity
17th Apr 20203:14 pmPRNHolding(s) in Company
9th Apr 202011:39 amPRNIssue of Equity
2nd Apr 20207:00 amPRNIssue of Equity
23rd Mar 202011:00 amRNSPrice Monitoring Extension
19th Mar 20207:00 amRNSDirectorate Change
17th Mar 20204:42 pmRNSSecond Price Monitoring Extn
17th Mar 20204:36 pmRNSPrice Monitoring Extension
17th Mar 20202:06 pmRNSSecond Price Monitoring Extn
17th Mar 20202:01 pmRNSPrice Monitoring Extension
12th Mar 20205:31 pmPRNIssue of Equity
12th Mar 20204:38 pmRNSPrice Monitoring Extension
9th Mar 202012:07 pmPRNCorrection - DMG® Development Option Agreement with Peel
9th Mar 20207:00 amPRNDMG® Development Option Agreement with Peel
4th Mar 20207:00 amPRNPlanning Permission Granted for DMG® at Protos Site
28th Feb 202011:05 amRNSSecond Price Monitoring Extn
28th Feb 202011:00 amRNSPrice Monitoring Extension
27th Feb 20202:06 pmRNSSecond Price Monitoring Extn
27th Feb 20202:00 pmRNSPrice Monitoring Extension
26th Feb 20205:48 pmPRNIssue of Equity
26th Feb 20209:05 amRNSSecond Price Monitoring Extn
26th Feb 20209:00 amRNSPrice Monitoring Extension
13th Feb 202011:05 amRNSSecond Price Monitoring Extn
13th Feb 202011:00 amRNSPrice Monitoring Extension
13th Feb 20209:05 amRNSSecond Price Monitoring Extn
13th Feb 20209:00 amRNSPrice Monitoring Extension
12th Feb 20204:35 pmRNSPrice Monitoring Extension
12th Feb 202011:00 amRNSPrice Monitoring Extension
11th Feb 20207:00 amPRNSupplemental agreement with Peel Environmental
24th Jan 20207:00 amPRNIssue of Equity
6th Jan 20207:00 amPRNGrant for DMG Hydrogen from Waste Development at Protos
23rd Dec 20197:00 amPRNPowerHouse in Negotiations to Acquire W2T Limited
19th Dec 20197:00 amPRNProtos Development Funding
17th Dec 20194:41 pmRNSSecond Price Monitoring Extn
17th Dec 20194:36 pmRNSPrice Monitoring Extension
16th Dec 20194:40 pmRNSSecond Price Monitoring Extn
16th Dec 20194:35 pmRNSPrice Monitoring Extension
15th Nov 201910:47 amPRNIssue of Equity
27th Sep 20197:00 amRNSHalf-year Report
14th Aug 20192:23 pmPRNResult of AGM
14th Aug 201910:04 amPRNAGM Statement
14th Aug 20199:22 amPRNAGM
12th Aug 20197:00 amPRNCollaboration Contract
25th Jul 201911:48 amPRNDirector's Dealing
10th Jul 20199:15 amRNSEndorsement from Japanese Ministry of Economy
5th Jul 20199:03 amRNSDMG® ready to solve exported plastic waste crisis
28th Jun 20194:15 pmPRNIssue of Equity and Director/PDMR Shareholding
27th Jun 20197:00 amRNSFinal Results

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