Powerhouse Enrgy Grp Operational Update
18 Ottobre 2018 - 10:10AM
UK Regulatory
TIDMPHE
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
END
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October 18, 2018 04:10 ET (08:10 GMT)
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