Big Picture – A Deep Dive Examination of the PowerHouse Energy
PowerHouse Energy Snapshot
PowerHouse Energy Group plc (AIM:PHE) has developed the innovative PHE G3-UHt waste-to-energy, ultra-high temperature gasification reactor technology together with auxiliary waste and power solutions. The company listed on the AIM market of the London Stock Exchange in June 2011.
This technology provides a mechanism to dispose of a wide range of waste streams by using them as feedstock that can be converted to synthesis gas (syngas).
This in turn can be used to generate electricity for export to the grid or for use within an enterprise. Unlike competitive techniques for converting municipal wastes to energy, the reactors do not produce toxic residues and have a small footprint, making them suitable for deployment at enterprise or community level.
PHE G3 ULTRA-HIGH TEMPERATURE SYSTEM
he PowerHouse G3-UHt system economically and efficiently processes a wide range of waste streams, including hazardous and toxic material, into usable energy without producing toxic by-products
The PHE G3-UHt system provides optimum recovery of energy contained in waste and biomass, including a total conversion of all organic content to syngas.
The low energy system remains easy to operate and offers and the highest energy recovery (power output per ton) commercially available today.
The modular system is also customer orientated, with adjustable setups that require a small footprint ensuring space isn’t an issue. It also means operating and maintenance costs are far lower than any common waste treatment plant, with only two people needed to maintain an active installation.
. Provides optimum recovery of energy contained in waste and biomass
. Low-energy system is easy to operate
. Offers the highest energy recovery (power output per ton) commercially available today
. Modular system is customer orientated
On-site Generation (or Distributed Generation) is developed with environmental forethought, fuel efficiency and consumer perspective in mind to provide a more flexible alternative to large centralized power plants and ageing utility grids
PowerHouse works with fuel cells, micro-turbines and ultra-clean engines that conserve resources by generating energy more efficiently than the traditional supply from a utility and with minimal to zero emissions.
PowerHouse utilizes traditional and renewable fuels to generate energy while reducing emissions that would otherwise contribute to global climate change. We also have an open-technology approach, utilizing a complete portfolio of equipment to tailor the right solution for each client.
These concepts, commonly known as Combined Heat and Power (CHP) and Combined Cooling and Power (CCP), are what make on-site energy so efficient and cost effective.
By having the energy system installed on-site, users are able to take advantage of co-generation; capturing the excess heat of combustion from the engine to yield thermal energy in the form of hot water for heating, or through absorption chillers, cold water for cooling.
PowerHouse’s on-site energy systems potentially qualify for generous government economic incentives and tax rebates designed to encourage and reward users that take responsibility for how their energy is generated.
According to the U.S. EIA 2010 International Energy Report, the transportation sector is second only to the industrial sector in terms of total end-use energy consumption; with almost 30 percent of the world’s total delivered energy used for transportation fuels
While diminishing natural resources (conventionally fossil fuels and natural gas) are only available in select regions, emerging alternative energy technologies derive their power from resources available in most countries.
In the 2010 EIA report, non-OECD transportation energy use is projected to grow by 2.6 percent per year from 2007 to 2035 and, biomass alone could provide between 10-20% of the total global electricity production by 2050. Many of these developing countries are prime candidates for liquid fuels recovered from renewable feedstocks.
Having recently completed development of the PHE G3-UHt System after years of testing and research, PowerHouse’s primary current objective is to expand its access to renewable feedstocks for on-site power generation and the conversion of syngas to liquid fuels.
The growing demand for energy in all forms is driving significant commodity price increases and highlighting the viability of “alternative” energy resources. Increasing global concerns about greenhouse gas emissions are placing additional constraints on how energy is sourced.
The world market for waste-to-energy is projected to reach $33 billion by the year 2023. This growth is driven by an increase in solid waste generation, raised energy costs and a reduction in landfill capacity.
Growing concerns about global warming, the need for energy supply security and the rising popularity of cleaner energy sources are other key factors driving the waste-to-energy market.
The ability to convert renewable feedstocks/waste materials to energy provides creative solutions, both for clean energy generation and waste treatment.
Chief Executive Officer
Mr. Allaun has a background in alternative energy, venture capital and management consulting. Mr. Allaun has worked with leading companies in emerging technologies for over 25 years.
Educated at Stanford University in Palo Alto, CA, Mr. Allaun possesses an extensive background in management and brings a wealth of results-driven experience to PowerHouse Energy Group. Mr. Allaun has helped build or revitalize dozens of companies & organizations throughout his career including Apple, Yahoo, Amazon and Hewlett-Packard.
Dr Davies is a capable business leader who has successfully grown revenues and profits in a quoted alternative energy company. As founder, CEO, and Executive Director of AIM-quoted Alkane Energy plc (now Alkane Energy Limited), he led that company through each phase of its development. He built Alkane from its initial concept to the point of providing over 160MW of connected power generation, and a successful exit for his shareholders – a c. £60 million sale to Balfour Beatty Infrastructure Partners in October 2015. Prior to Alkane Dr Davies led a number of other start-up companies and is currently a Non-executive Director of AIM-quoted Ascent Resources plc.
Dr Davies was awarded a PhD in Applied Geochemistry from Imperial College London. Over the course of the past 20 years Dr Davies has evaluated numerous gasification technologies and projects. He is also a Fellow of the Geological Society of London a member of the European Petroleum Negotiators Group, and the Petroleum Exploration Society of Great Britain.
Mr. Fitzpatrick has over 20 years experience as a corporate finance consultant. In the last 15 years he has been instrumental in advising a number of companies on their acquisitions and subsequent flotations.
Mr. Fitzpatrick was Non-Executive Chairman of Global Marine Energy plc- an AIM listed oil services company and Non-Executive Chairman of Risk Alliance plc, an insurance broker consolidator. Mr. Fitzpatrick is also an adviser to ECO Capital, a global clean tech fund and is a member of the Audit Committee Institute.
David was the former CEO and Managing Director of Thyssenkrupp Industrial Solutions’ Oil & Gas Business Unit for the UK.
Prior to his employment with Thyssenkrupp, he founded and built a successful engineering consulting organisation, Energy & Power Limited, which was acquired by Thyssenkrupp in 2012.
He has over 30 years of increasingly complex engineering, business development, and project management experience. An expert in sophisticated design engineering, David will bring a breadth of project delivery, international business management, and general engineering acumen to the Board.
Mr. Greenstreet has over 20 years of corporate and structured finance experience. Having started his career at Arthur Andersen, Mr. Greenstreet joined BAE Systems in 1994 to work in the corporate finance team.
After leaving BAE, Mr. Greenstreet held corporate finance positions at IBM and XL Capital, once more focussing on asset and lease finance. In 2001 he co-founded Orbis Capital a successful corporate and structured finance business. Over the past 10 years Mr. Greenstreet has been instrumental in sourcing, structuring, packaging and managing transactions for a number of high profile clients across a wide range of sectors.
PowerHouse Energy Group plc
10b Russell Court, Woolgate
Cottingley Business Park
+44 (0) 203 368 6399
24 Martin Lane
London EC4R 0DR
+44 207 220 1666
Turner Pope Investments Ltd
6th floor, Becket House
36 Old Jewry
London EC2R 8DD
+44 (0)203 621 4120
Auditors and Reporting Accountants
Jeffreys Henry, LLP
5-7 Cranwood Street
London EC1V 9EE
+44 (0) 207 309 2222
16 Great Queen Street
London WC2B 5DG, UK
DX: 37971 Kingsway
+44 (0)20 3036 7000
+44 (0)20 3036 7600
Neville Registrars Limited
18 Laurel Lane
West Midlands B63 3DA, UK
+44 (0)121 585 1131
+44 (0)121 585 1132