PowerHouse Energy Group
plc
("PowerHouse Energy" or the "Company")
17 October
2018
Successful
independent technology assessment by DNV GL
Successful
Independent Technology Assessment of PowerHouse Energy’s
proprietary DMG® by leading certification authority DNV GL
PowerHouse Energy Group plc (AIM: PHE), the UK technology
company pioneering hydrogen production from waste plastic and used
tyres is pleased to announce it has received an independent
“Statement of Feasibility” for its proprietary full-scale
commercial engineering design for the waste to power and waste to
hydrogen technology processes known as DMG®.
This independent review of PowerHouse Energy’s technology was
undertaken by DNV GL, a global leader in technical assurance
certification. This Phase one of the Technology Qualification
process, was built into PowerHouse Energy’s extensive engineering,
safety and risk management programme which has taken several months
to complete. The programme involved a 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.
The DNV GL Statement of Feasibility is issued by DNV GL when
their Technology Assessment finds no prohibitive obstacles under
the DNV GL Technology Qualification process RP-A203. PowerHouse
Energy look forward to continued involvement with DNV GL to work
through the RP-A203 process to finalise the Technology
Qualification with our first commercial site as is customary.
The Statement of Feasibility reads: “The PowerHouse Energy
Group’s DMG® Waste-to-Energy technology can convert 25
tonnes per day of feedstock comprising high calorific value waste
materials.”
In relation to the outputs from the technology process it adds:
“The produced energy-rich syngas can be combusted to produce
power for distributed electrical generation. The DMG®
technology allows for integrating a process for the co-production
of high purity hydrogen (1 tonne per day) from a proportion of the
syngas in addition to generating power.”
The benefits of the DMG® process listed include:
• Waste elimination with high levels of energy recovery
• Production of electrical power for distribution
• Ability to co-produce high purity hydrogen with electrical
power
It also confirms that the modular design of the DMG®
process complies with all current regulations and statutory
requirements and also with availability and operational
demands.
This third party endorsement of the generic commercial design
and equipment is a major milestone in the planned technical
development programme leading to a full-scale build.
This Statement of Feasibility represents a positive development
for PowerHouse Energy and its shareholders as it confirms that the
DMG® technology will thermally convert waste plastic and end of use
tyres into high purity hydrogen and energy.
This underscores PowerHouse Energy’s technical credibility and
should provide an additional level of reassurance to prospective
customers, users, and development partners of the DMG®
technology.
The DMG® modular process is a novel means of dealing with waste
that can also establish the foundation for low-cost distributed
road fuel quality hydrogen and locally distributed electricity.
David Ryan, Engineering Director
of PowerHouse Energy, commented: “Gaining this Statement of
Feasibility provides us with a key foundation in the engineering
and risk mitigation programme giving us great confidence in the
scale up and roll out of the technology. Furthermore, it provides
our partners in the waste management industry with a key element of
the independent technical assurance needed to finalise site
application specific commercial agreements to utilise the DMG®
technology to reduce the volumes of waste plastics sent to
landfill.
Our expectations are that, with our planned engineering and risk
management in place, the commercial operation our DMG® technology
will exceed 1 tonne of hydrogen production and generate in excess
of 2MW of electricity per DMG® unit and we should achieve full
Certification against the DNV GL Technology Qualification process
at our first site”
Keith Allaun, CEO of PowerHouse
Energy, added:
“We sought this Technology Assessment of our engineering design
by one of the world’s most highly respected evaluators of new
technologies. DNV GL confirms both our technology design and the
rigour of our engineering approach. Our team has worked
relentlessly over the last 18 months to get the DMG®
technology to its existing commercialisation phase.
“This independent assessment of our proprietary DMG®
Technology adds further credibility to the considerable scope that
exists for its commercial application globally in the many sectors
where efficient and responsible use of non-recyclable and waste
plastics and end of life tyres as well as the creation of clean
energy has a role to play.
“We would not be here today without the efforts, patience, and
forward-thinking of all of the stakeholders in PowerHouse: our
team, our partners, and our shareholders. The Board looks forward
to further progress as we drive forward with the commercialisation
and licensing strategy.”
ENDS
For more information, contact:
PowerHouse Energy Group plc
Keith Allaun, Chief Executive Officer |
Tel: +44 (0) 203 368 6399 |
WH Ireland Limited (Nominated
Adviser)
James Joyce / Chris Viggor |
Tel: +44 (0) 207 220 1666 |
Turner Pope Investments Ltd (Joint
Broker)
Ben Turner / James Pope |
Tel: +44 (0) 203 621 4120 |
Ikon Associates (Media enquiries)
Adrian Shaw |
Tel: +44 (0) 1483 271291
Mob: +44 (0) 7979 900733 |
Notes for editors:
About PowerHouse Energy
PowerHouse Energy has developed a proprietary process technology
- DMG® - which can utilise waste plastic, end-of-life-tyres, and
other waste streams to efficiently and economically convert them
into EcoSynthesis gas from which valuable products such as chemical
precursors, hydrogen, electricity and other industrial products may
be derived. The PowerHouse technology is one of 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 H2, and more than 28MW/h of exportable
electricity per day.
The PowerHouse 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
under the ticker: PHE, and is incorporated in the United
Kingdom.
For more information see www.powerhouseenergy.net
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