logo-loader
viewPowerhouse Energy Group PLC

Powerhouse Energy seeing 'overwhelming' interest in energy from waste tech

A commercial plant using Powerhouse’s DMG process will come onstream at the Protos Energy Park in the next few months.

plastic
Fuel of the future

Interest in its energy from waste technology is 'overwhelming' as concern over waste plastic grows, Powerhouse Energy Group PLC (LON:PHG) said today.

A commercial plant using Powerhouse’s DMG process will come onstream at the Protos Energy Park in the next few months.

The company hopes this operating model will expedite the conversion of the interest into orders.

Powerhouse has completed the engineering design for the DMG process with electricity now being exported to the University of Chester microgrid.

As a result, it is now able to offer proposals for the application of DMG at a number of waste management customer sites.

“We are also signing co-operation agreements with potential partners for the application engineering at sites being developed through 2019.”

Waste plastics and used tyres are the initial feedstocks being used to produce hydrogen either as fuel or for use in chemical plants.

Powerhouse is still in its development phase and losses in 2018 rose to £2.5mln (£1.87mln).

Quick facts: Powerhouse Energy Group PLC

Price: 0.405 GBX

LSE:PHE
Market: LSE
Market Cap: £7.79 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Powerhouse Energy Group PLC named herein, including the promotion by the Company of Powerhouse Energy Group PLC in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: PowerHouse Energy has platform to establish itself as a...

Powerhouse Energy Group plc (LON:PHE) CEO Dave Ryan caught up with Proactive London's Andrew Scott ahead of the firm's AGM in London. This week PHE announced they've  entered into collaboration agreements with Peel Environmental (Peel) and Waste2Tricity Limited (W2T) for ten more...

on 14/8/19

2 min read