PowerHouse Energy
Group plc
("PowerHouse" or
the "Company")
Operational
Update
PowerHouse Energy Group plc (AIM: PHE), the UK technology
company pioneering hydrogen production from waste plastic and used
tyres and developer of the DMG® System continues
to seek additional commercialistion opportunities for its
technology.
In conjunction with its Project Development Partner,
Waste2Tricity, Ltd(“Waste2Tricity”) , PHE has met with 2
substantial waste suppliers to advance negotiations, supply
detailed technical information, discuss detailed operational
matters, and explore realistic deployment opportunities interfacing
with existing installations. Both negotiations have the
possibility to lead to multiple DMG® System deployments, however at
this stage there is no assurance that either of these, or any
other, negotiations that Waste2Tricity are engaged in on behalf of
PHE will come to fruition.
PHE has also engaged with, and have provided significant
technical detail to, a major UK-based, multi-national EPC
(engineering, procurement, and construction) company to support
Waste2Tricity's negotiations on behalf of both itself, and PHE, to
obtain a system “wrap” and guarantee on the first deployment of the
DMG® System and that these negotiations are ongoing. However,
as previously stated, these, and other negotiations, may not result
in reaching a satisfactory commercial agreement.
Per our joint-development agreement of January 2017, PowerHouse Energy Group continues
to support Waste2Tricity’s efforts in building a pipeline of
commercially viable potential projects.
PowerHouse yesterday announced the successful receipt of the
“Statement of Feasibility” from DNV-GL under the RP-A203 Technical
Assessment protocol.
For more information, contact:
PowerHouse Energy Group plc
Tel: +44 (0) 203 368 6399
Keith Allaun, Chief Executive
Officer
WH Ireland Limited (Nominated
Adviser) Tel: +44 (0) 207
220 1666
James Joyce / Chris Viggor
Turner Pope Investments Ltd (Joint Broker)
Tel: +44 (0) 203 621 4120
Ben Turner / James Pope
Ikon Associates(Media enquiries)
Tel: +44 (0) 1483 271291
Adrian
Shaw
Mob: +44 (0) 7979 900733
About PowerHouse Energy
PowerHouse Energy has developed a proprietary process technology
called DMG® which can use waste plastic end-of-life-tyres and other
waste streams to convert them into cost efficient energy in the
form of electricity and ultra clean hydrogen gas fuel for use in
cars and commercial vehicles (FCEV: Fuel Cell Electric Vehicles)
and other industrial uses. The PowerHouse technology is the world’s
first proven, modular hydrogen from waste (HfW) process.
The PowerHouse DMG® process can generate in excess of 1 tonne of
road-fuel quality hydrogen, and in excess of 28 mW/h of exportable
electricity per day.
The PHE process produces low levels of safe residues and
requires a small operating footprint, making it suitable for
deployment at enterprise and community level.
PowerHouse is quoted on the London Stock Exchange's AIM Market.
The Company is incorporated in the United Kingdom.
For more information see www.powerhouseenergy.net
About Waste2tricity, Ltd
Established in 2008, Waste2Tricity is a structured solutions
provider to the energy-from-waste (EfW) sector, an industry
supplying increasing amounts of electricity using feedstock
diverted from landfill. Waste2Tricity works with clients and
partners to develop, fund and support EfW deployment projects that
use proven technology, are profitable and progressive. In the case
of PHE these projects will use high temperature thermal conversion
and ultra-efficient gas engines to convert waste plastic to energy
and in the future can produce hydrogen to support the growth of the
hydrogen economy.
For more information see www.waste2tricity.com.
About DNV GL
Today DNV GL is a globally leading quality assurance and risk
management company. With 100,000 customers across the maritime, oil
and gas, energy, food and healthcare industries, as well as a range
of other sectors, DNV GL helps companies to become safer, smarter
and greener.
Driven by our purpose of safeguarding life, property and the
environment, DNV GL enables organizations to advance the safety and
sustainability of their business. Operating in more than 100
countries, our professionals are dedicated to helping our customers
in the maritime, oil & gas, energy and other industries to make
the world safer, smarter and greener.
In the power and
renewables industry
DNV GL delivers world-renowned testing and advisory services to
the energy value chain including renewables and energy efficiency.
Our expertise spans onshore and offshore wind power, solar,
conventional generation, transmission and distribution, smart
grids, and sustainable energy use, as well as energy markets and
regulations. Our experts support customers around the globe in
delivering a safe, reliable, efficient, and sustainable energy
supply.
For more information see www.dnvgl.com