Powerhouse Energy Group PLC Update on Munich facility (8451Y)
04 Dicembre 2014 - 11:57AM
UK Regulatory
TIDMPHE
RNS Number : 8451Y
Powerhouse Energy Group PLC
04 December 2014
4 December 2014
PowerHouse Energy Group plc
("PowerHouse" or the "Company")
Update on Munich facility and proposed deployment of test
units
PowerHouse (AIM: PHE) provides the following update in relation
to its facility in Munich and the proposed deployment of test
units.
PowerHouse has commenced the second phase of re-engineering to
move its 25 tonne per day unit located in Eiting, Germany, near to
Munich Airport. It is anticipated that as a result of the modular
design of the unit, this second phase, incorporating dismantling
and relocation of the existing unit, should be completed by the end
of December 2014. During the process of reengineering and
commercialisation, the facility is being relocated approximately
500 meters from its current location and moved to what will be its
long-term location at the waste transfer station operated by Wurzer
Umwelt. PowerHouse anticipates that it will be able to demonstrate
un-interrupted commercial operation of the Munich facility by the
end of March 2015.
The directors of the Company believe that the model of
co-location of its facilities at industry leading, modern transfer
stations operated by partners such as Wurzer Umwelt represents a
significant opportunity for PowerHouse. Wurzer Umwelt has worked
with Powerhouse in the formative stages of developing the
PowerHouse Ultra High Temperature Gasification ("UHTG") technology
and sees the value proposition of the Company's technology for the
future.
PowerHouse is also pleased to announce that as part of the
overall strategy of commercialising the Company's technology, and
reflecting the high demand for evaluation of the synthesis gas
generated by the UHTG process, three test units (with a nominal
capacity of up to three tonnes per day) have been commissioned for
deployment in Asia, Europe, and the United States. The first of
these units will be demonstrated in Brisbane, Australia, in January
of 2015, with the others being delivered during the first half of
2015.
The objective of deploying these test units is to provide a
mobile, fully functional, containerised unit, capable of generating
electricity through the use of the UHTG derived syngas. The Company
believes that the ability to ship the demonstration unit to
prospective customer sites for on-site testing of the actual
feedstock that will be used for commercial operations is likely to
be of significant benefit to PowerHouse in its discussions with
potential customers. Requests for on-site testing have already been
received from potential customers in the UK, mainland Europe and
South East Asia (including significant interest in Australia.)
Keith Allaun, Executive Chairman of Powerhouse, stated "We are
pleased with the progress the Company has made with the ongoing
move of the Eiting facility. In addition, we believe that the three
test units will be of significant benefit to the Company in
demonstrating the commercial benefits of the PowerHouse
Waste-to-Energy solution."
For additional information please contact:
PowerHouse Energy Group plc
Keith Allaun +44 (0) 20 7079 4407
Allenby Capital Limited (Nominated Adviser and Broker)
Nick Harriss/David Hart +44 (0) 20 3328 5656
This information is provided by RNS
The company news service from the London Stock Exchange
END
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