Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors
Why invest in PHE?
PowerHouse Energy: THE INVESTMENT CASE

PowerHouse Energy powering ahead as it enters commercial phase

Its G3-UHt system transforms rubbish into electricity with no toxic by-products and effectively zero greenhouse gases
rubbish tip
INVESTMENT OVERVIEW: PHE The Big Picture
Modern-day alchemy – turning waste into electricity

Shares in Powerhouse Energy Group PLC (LON:PHE) have enjoyed a great start to 2017. But even after a 70% rise in the share price so far this year the company is still valued at a micro £8mln.

Does that fully value the potential of the company’s green technology? Well, only time will tell.

Its G3-UHt system transforms rubbish into electricity with no toxic by-products and effectively zero greenhouse gases.

The latest update from the waste-to-energy specialist revealed that it has secured up to £500,000 in funding from a “large corporate partner”.

READ MORE: PHE secures £500,000 from "large corporate partner"

That cash will be used to fund various permit applications for its G3-UHt demonstration unit as well as the first five complete systems.

What is the G3?

PHE’s G3-UHt system transforms rubbish into electricity with no toxic by-products and effectively zero greenhouse gases.

At the heart of the gasification unit is a reactor that works oxygen-free at ultra-high temperatures to atomise virtually all household or industrial waste.

What’s created is a synthesis gas, or syngas for short, that can be used to generate electricity.

WATCH: ‘All hands on deck’, says PowerHouse boss

With a little more processing hydrogen can be produced which could then be used to replenish fuel cells. The by-product of all this is an inert substance that can be moulded into bricks or used as ground covering.

Don’t confuse this sophisticated recycling system with incineration, which works at far lower temperatures and leaves behind all sorts of toxins - not to mention significant amounts of ash.

The G3 system’s de-molecularisation capabilities allow for complete detoxification of waste-streams.

Lots of potential applications

There are all manner of applications for a technology that is able to recover up to 90% of the energy value of a material put through the reactor.

Medical waste is one area where the G3 could make a difference, while there is a burgeoning market in carpets too, apparently.

Around 405,000 tonnes of floor covering is discarded each year in the UK alone with only around a third of it recycled (it is often burned in brick kilns). The remainder ends up in landfill sites.

“Automobile recyclers offer another tremendous opportunity,” explains chief executive Keith Allaun.

“There are over 1,300 auto recyclers in the UK and every one sends at least 5% of its residue (mainly synthetic rubber, dashboards, seats, and other non-recyclables) to the tip. That’s tens-of-thousands of tonnes per annum.”

In the UK and producing gas

The AIM-listed group shipped its demo G3-UHt unit over from Australia to a site in Chester back in March.

Within a matter of weeks, PowerHouse had completed the first phase of the re-commissioning of the system and had successfully produced the first gas from the unit.

READ MORE: PowerHouse reports first gas production…

While the G3 is up-and-running operationally, the company said back then that it expects to make a few cosmetic improvements in the near-term. 



Register here to be notified of future PHE Company articles
View full PHE profile View Profile

PowerHouse Energy Timeline

Newswire
March 20 2017

Related Articles

Lekoil oil field development operations at Otakikpo project
February 20 2017
Otakikpo will now be ramped up from 5,000 bopd to 10,000 bopd over the coming months.
oil well onshore
March 09 2017
Cantor Fitzgerald starts off its coverage of the junior oil firm with a ‘buy’ recommendation.
oil workers
February 13 2017
"Regaining momentum in our Trinidad production and business development activities is a key objective for the company in early 2017,” said chief executive Neil Ritson.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use