Powerhouse Energy Group PLC (AIM:PHE) shares spiked 7% after it showcased it was nearing completion of its Technical Centre at Bridgend in Wales.
Focusing on converting non-recyclable waste into low-carbon energy, Powerhouse confirmed the mechanical completion of key components within its Feedstock Testing Unit (FTU).
The Thermal Conversion Chamber kiln, delivered in June, has been repositioned and mechanically completed, while a gas clean-up system from German supplier VUM has been placed in its final position.
These developments mark a crucial step towards the operational readiness of the FTU.
The company also completed full geotechnical and topographical surveys necessary for the placement of water and nitrogen storage tanks.
With these surveys finalised, civil engineering works are set to begin in September 2024.
The FTU is designed with a nameplate capacity to transform 2.5 tonnes per day of waste into Syngas, capable of producing approximately 250kW of electrical power or 200kg of hydrogen daily, depending on the feedstock.
Initially, the FTU will be utilised for research and development as well as demonstrations for investors and customers.
“Using our own in-house engineering capabilities and local suppliers means we can be flexible and efficient. We have no large outstanding items and can now fully concentrate on the mechanical completion in readiness for the control system and preparing the external area for civils for the tank deliveries," said Paul Emmitt, CEO of Powerhouse Energy.
The installation and commissioning of the FTU are expected to be completed by mid to late Q4 2024.