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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Renewables & cleantech

Powerhouse Energy looking forward after 'getting house in order'

Powerhouse Energy (PHE) said it is making good progress on its new technology centre at Bridgend but the build schedule has been affected by one of its suppliers, Mitchel Dryers, going into liquidation.

Waste-to-gas specialist PHE has now placed orders for an alternative kiln, a new gas clean-up system and the required balance of plant to allow the work to be completed.

Early in the final quarter of 2024 is now the target for equipment installation at Bridgend, though PHE said it would continue to work on reducing this timeline.

PHE added it continues to defend the patent claim brought against the company by Onunda and remains confident in its position.

Elsewhere, PHE said the strategy for Engsolve, which it bought last year to acquire proprietary knowledge of the DMG technology, is to grow that business independently, while still providing the required support to PHE.

Paul Emmitt, PHE’s chief executive, commented: "2023 was a transitional year for Powerhouse where we dealt with several issues that were out of PHE's control, whilst seeing us get our house in order and setting the foundations from which to build and grow the company going forward.

"We have a number of exciting projects which we are looking to develop and have brought Engsolve into the fold which will diversify our revenues and give us access to a number of new potential partners.”

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