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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
20th Mar 20182:00 pmRNSPrice Monitoring Extension
7th Mar 20187:00 amPRNShare Options Grants to Directors
2nd Mar 20187:00 amPRNProgress Update
27th Feb 20187:00 amPRNDirector/PDMR Shareholding
23rd Feb 20182:12 pmPRNDirector/PDMR Shareholding
20th Feb 20187:00 amPRNMemorandum of Understanding
12th Feb 20187:00 amPRNCorrection - Updated Corporate Presentation
9th Feb 20187:00 amPRNUpdated Corporate Presentation
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31st Jan 20183:56 pmPRNIssue of Equity
9th Jan 20187:00 amPRNFull Year Business Update
18th Dec 20177:00 amPRNHeads of Terms agreed for commercial DMG site
22nd Nov 20177:00 amPRNCompletion of Pre-FEED of Commercial DMG© System
23rd Oct 20177:00 amPRNProgress on advance towards hydrogen purification
20th Oct 20177:00 amRNSSuccessful demonstration of G3-UHT system
27th Sep 20177:00 amPRNInterim Results
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21st Aug 20177:00 amPRNExtended Trial Produces Over 50% hydrogen Syngas
9th Aug 20177:00 amPRNG3-UHt Demonstration Update
31st Jul 20177:00 amPRNSuccessful Production of Syngas
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27th Jul 20177:00 amRNSInitiation of Coverage by Align Research
17th Jul 20176:25 pmPRNNotification of Major Interest in Shares
10th Jul 20177:00 amRNSPowerHouse engagement via Vox Markets
6th Jul 20177:00 amRNSProactive Investors Broadcast
23rd Jun 20177:00 amRNSInvestor Event
21st Jun 20173:22 pmPRNIssue of Equity
16th Jun 20177:00 amPRNAnnual Financial Report
5th Jun 20177:00 amPRNCollaboration Agreement of up to £500,000
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28th Mar 20177:00 amPRNAppointment of CFO and Corporate Presentation
27th Mar 20171:10 pmRNSUK Investor Show 1 April 2017
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20th Mar 20177:00 amPRNRe Directorate
15th Mar 20177:00 amPRNIssue of Equity and General Update
6th Mar 20177:16 amPRNAFC Fuel Cell Order
24th Feb 20177:00 amPRNSiting of G3-UHt Demonstration Unit
21st Feb 20177:00 amPRNAppointment of non-executive director
15th Feb 20178:07 amPRNPlacing, Loan Note Conversion and Repayment
14th Feb 20174:40 pmRNSSecond Price Monitoring Extn

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