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PowerHouse Energy: THE INVESTMENT CASE
INVESTMENT OVERVIEW

Powerhouse Energy in talks with waste collectors over hydrogen technology installation

If contracts can be agreed, they might result in the installation of Powerhouse’s DMG technology at multiple locations
waste
INVESTMENT OVERVIEW: PHE The Big Picture
DMG technology can turn all this into hydrogen, says Keith Allaun

PowerHouse Energy (LON: PHE) has held detailed talks with two rubbish collection firms over deploying its hydrogen from waste technology at their sites.

If contracts can be agreed, they might result in the installation of Powerhouse’s DMG technology at multiple locations, though the company added there is no certainty of a deal with either group.

DMG converts plastic and tyre residue into syngas that can be converted easily into hydrogen to power buses, lorries or cars using a fuel cell.

READ: PowerHouse Energy's technology receives the thumbs-up from technical assurance consultant

Keith Allaun, chief executive, told Proactive that waste recycling sites would be an ideal first deployment for DMG.

The waste fleet would bring plastic and other rubbish to the recycling site, where it would then be converted by DMG into hydrogen that would then power the collection vehicles.

Allaun is passionate in his belief that Powerhouse’s technology can tackle both the problem of waste plastic and polluting emissions from diesel-powered trucks.

The group yesterday published an independent assessment from globally respected testing group DNV GL in which the consultant found no prohibitive obstacles under its technology qualification process.

DNV GL issued a 'statement of feasibility' after “robust and rigorous” review of the engineering design, test data, process modelling and the equipment engineering design required for the commercial application of the DMG technology.

WATCH: PowerHouse Energy hails 'seal of approval' for its waste-to-energy technology

Allaun added it was a sizeable step forward for the company.

“We now have an independent technological assessment that says our process works, accurately does what it says on the nameplate, has a technically sound commercial facility and can deliver a tonne of hydrogen a day from 25 tonnes of mixed waste plastic.”

“Powerhouse should now be seen as the solution to waste plastics - because we are.”

Allaun also believes DMG can help reduce pollution caused by diesel-powered engines.

“We can be a significant provider of distributed hydrogen, which can mean zero emission transport especially for commercial vehicles.”

Powerhouse added it has held talks and supplied technical details to a major engineering firm to support partner Waste2Tricity's negotiations for a 'wrap and guarantee' contract to underwrite the deployment of DMG.

Again, it was emphasised there was no certainty a contract would be signed.

Shares rose 4% to 0.5p.

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