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PowerHouse Energy (PHE) Placing and Issue of Equity

PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic and used tyres, is pleased to announce an equity fund raising by way of a placing of 130,000,000 Ordinary shares of 0.5p each in the Company (“Ordinary Shares”) at 0.5p per Ordinary Share (the “Placing Price”) to raise £650,000 before expenses.

PowerHouse has undertaken this placing to provide it with the capital to ensure the continuity and expansion of its commercial and engineering efforts for the foreseeable future.

This placing, was carried out exclusively by Turner Pope Investments, with the majority of their clients looking to take advantage of the EIS relief for which the Company has recently received HMRC advanced assurance, and that should be available on the newly issued shares.

In addition to the placing, a holder of PHE warrants has chosen to exercise those warrants at 0.5p which will provide the Company with an additional £50,000 of capital from the exercise.  That holder has committed to hold the 10,000,000 Ordinary Shares arising from the exercise for a period of at least 18 months.

Keith Allaun, CEO of the Company, said: “With this money secured, we are confident that we will be able to achieve our on-going commercial objectives as well as expand our testing and engineering capability with new personnel and with newly acquired, highly-specialised, equipment.  We also intend to further enhance our IP protection related to the DMG® System and EcoSynthesis Gas© production.”

Application will be made for the admission of 140,000,000 Ordinary Shares to trading on AIM and it is expected that this will occur on or around 10 December 2018. These shares will rank pari passu in all respects with the Company’s existing issued Ordinary Shares.

Subsequent to the issue of Ordinary Shares, the Company will have 1,856,431,621?Ordinary Shares in issue. PowerHouse has no shares in Treasury, therefore this figure may be used by Shareholders, from Admission, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.

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 (TPI) Ltd (Sole Broker)
Andy Thacker
Tel: +44 (0) 203 621 4120

Ikon Associates (Media enquiries)
Adrian Shaw
Tel: +44 (0) 1483 271291
Mob: +44 (0) 7979 900733

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) processes.

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 with its low-carbon technology.

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

Powerhouse Energy (PHE) Discussions with Toyota Tsusho Corporation

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 is pleased to announce that it has received a formal invitation from Toyota Tsusho Corporation of Japan to engage in advanced commercial discussions regarding the PowerHouse DMG® technology.

This invitation has been made subsequent to an extensive review of the DMG® technology by Toyota Tsusho’s Chemical Business Development Division and subsequent to PHE having achieved its recent “Statement of Feasibility” by DNV-GL, a leading provider of technical assurance world-wide.

Following Toyota Tsusho’s review of the PHE Basic Engineering Package and the DNV-GL technical qualification process, PHE now welcome the news that Toyota Tusho have positively reviewed the DMG®technology and consider that DMG® and its application within Japan and Asia offers significant potential.

Mr. Takashi Torigoe, General Manager, Chemical Business Development stated:

“We have been reviewing Power House Energy’s DMG technology over the last few months and take great interest in it. We are excited and looking forward to a potential partnership in Japan and possibly worldwide.”

Discussions with Toyota Tsusho have been led by our UK Project Development Team, Waste2Tricity Ltd. with support from our technical team. It is expected that the next level of work for Toyota Tsusho by PHE will include further technical and commercial application engineering for the Toyota Tusho/W2T Project teams to secure regional early adopters to enhance the project pipeline in a variety of geographies.

Keith Allaun, CEO of PowerHouse commented:

“Whilst there can be no certainty these negotiations will result in a formal agreement,  I’m extremely enthusiastic about this opportunity to explore how our DMG® technology can be exploited in Japan – an ideal market for our Systems.

“Toyota is taking a leading role globally in the use of hydrogen in transport and appears to recognise the value proposition that our distributed system has with it’s small foot-print, its efficiency, and its ability to deliver road-quality hydrogen, at a competitive price,  as and when its needed.”

Toyota Tsusho is one of the 17 members of the Toyota Group.  On its website, Toyota Tsusho is described,  “As the Toyota Group’s sole general trading company, we gather information and promote the development of new business from a global perspective. As automotive professionals with unique capabilities and know-how, we strive to lead the Toyota Group in the challenge to develop the evolution of next-generation mobility to contribute to the development of both society and the Toyota Group.”
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 – 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) processes.

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 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 gasification and internal combustion engines to efficiently convert waste plastic to energy and in the future can produce hydrogen to support the growth of the hydrogen economy.

Powerhouse Energy Group #PHE Director/PDMR Shareholding and Issue of Equity

PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic and used tyres, announces that Keith Allaun, CEO of the Company, has exercised 16,666,667 Share Options at an exercise price of 0.6p, for a cash consideration of £100,000.00 (“Option Shares”).

Application will be made for the admission of 16,666,667 Shares to trading on AIM and it is expected that this will occur on or around 26 October 2018. These shares will rank pari passu in all respects with the Company’s existing issued Ordinary Shares.

Following the acquisition of the Option Shares, Keith Allaun will hold 18,666,667 Ordinary Shares in the Company, which represents 1.09% of the Company’s enlarged issued ordinary share capital and voting rights. Mr. Allaun has made a written commitment to hold the newly issued shares for a minimum of 18 months.

Subsequent to the issue of Option Shares, the Company will have 1,716,431,621 Ordinary Shares in issue. PowerHouse has no shares in Treasury, therefore this figure may be used by Shareholders, from Admission, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.

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 – 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) processes.

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.

Successful Independent Technology Assessment of PowerHouse Energy’s #PHE 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.

Powerhouse Energy Group #PHE Issue of Equity

PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic and used tyres, announces that the Company is issuing 12,504,924 ordinary shares of 0.5p each in the Company (“Ordinary Shares”) to service providers for the settlement of fees. 11,707,317 of these Ordinary Shares are being issued at 0.5125p and 797,607 Ordinary Shares are being issued at 0.5015p in accordance with the terms of the relevant service agreements.

Application has been made for the admission of 12,504,924 Ordinary Shares to trading on AIM and it is expected that this will occur on or around 14 August 2018. These shares will rank pari passu in all respects with the Company’s existing issued Ordinary Shares.

Subsequent to the issue of Ordinary Shares, the Company will have 1,681,764,954 Ordinary Shares in issue.

PowerHouse has no shares in Treasury, therefore this figure may be used by Shareholders, from Admission, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.
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 Group plc is the developer of DMG©, the distributed, modular, thermal conversion system which allows for the distributed eradication of waste, the generation of distributed electricity, and the production of distributed hydrogen with the world’s first small, modular, hydrogen from waste process (HfW).

The Company is focused on technologies to enable efficient energy recovery from municipal and industrial waste streams that would otherwise be directed to landfills and incinerators; or from renewable and alternative fuels such as biomass, tyres, and plastics for power generation, or the production of high-quality hydrogen as a fuel for transport. DMG© allows for easy, economical, deployment and scaling of an environmentally sound solution to the growing challenges of waste eradication, landfill diversion, electrical demand, and distributed hydrogen production.

The PowerHouse DMG© process can generate in excess of 1 tonne of road-fuel quality H2, and in excess of 28MW/h of exportable electricity per day.

The PHE process produces very low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community levels.

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

800 Hydrogen-Electric Semi Trucks Foretell The Future Of Logistics – TriplePundit

hydrogen-EV-semi-truck-Anheuser-Busch-beer

The logistics sector has been the first to adopt hydrogen fuel cell electric vehicles as the most efficient way available to decarbonize, but so far that transition has been sparked mainly by the humble forklift. Now it looks like the industry is ready to step up its game into street legal territory, in a big way. Earlier this month Anheuser-Busch announced that it has pre-ordered hundreds of hydrogen fuel cell electric semi trucks — 800, to be exact — from the US startup Nikola Motors.

The sheer size of that order is interesting news for fleet owners looking to expand their decarbonization options. The EV company Tesla made a big splash last year by launching its first battery electric semi. Anheuser-Busch also put in a pre-order with Tesla a few months ago, but only for 40 trucks.

Why hydrogen is “the future of logistics”

Anheuser-Busch is clear on the decarbonization opportunities behind the deep plunge into hydrogen fuel cell technology. In a press statement, CEO Michel Doukeris noted that “the transport industry is one that is ripe for innovative solutions and Nikola is leading the way with hydrogen-electric, zero-emission capabilities.”

The company is looking at reducing its carbon emissions from logistics by more than 18% through the adoption of 800 hydrogen trucks, helping to meet the company’s 2025 goal of reducing emissions 25% across its value chain.

For those of you new to the topic, fuel cells convert hydrogen to electricity through a chemical reaction with oxygen (think H20 and you’re on the right track). Aside from water, there are no emissions from a hydrogen fuel cell electric vehicle.

The advantage over battery electric vehicles is relatively simple: fuel cells can be refueled with hydrogen in about as much time as it would take to refill any other fuel tank. Fuel cells also offer a potential advantage in size and weight over battery packs.

The refueling advantage comes into sharp focus for warehouse operations, where the time and space dedicated to forklift battery recharging and swapping cuts into razor thin margins.

Anheuser-Busch also sees that advantage applying to long haul operations. The company anticipates refilling within 20 minutes, which will reduce idle time. The company also expects a safety advantage due to Nikola’s “surround viewing” design.

On Nikola’s part, CEO Trevor Milton makes it clear that his company is aiming to put the squeeze on the Tesla electric semi before it hits the ground:

Hydrogen-electric technology is the future of logistics and we’re proud to be leading the way…By 2028, we anticipate having over 700 hydrogen stations across the USA and Canada. With nearly 9 billion dollars in pre-order reservations, we are building to order, not speculation, and are very excited for what’s to come.

So, where is the hydrogen coming from?

Triple Pundit has been keeping tabs on Nikola since its launch in 2016, and the first thing we noticed was the company’s plans for a network of fueling stations powered by renewable energy.

That doesn’t just mean keeping the lights on. Back in 2017, the company envisioned an initial network of 16 fuel stations that produce hydrogen on site, by “splitting” water with an electrical current.

Water-splitting is a green step up from the conventional source of hydrogen, which is natural gas. It also means that Nikola can take advantage of any available wind or solar energy to power the process.

With the Anhueser-Busch deal in hand, Nikola has stepped up its plans. The company is now aiming for an additional 28 stations in its network. Although that still may not seem like enough to cover the whole continental US, the truck’s range of up to 1,200 miles cuts down on the need for large numbers.

King of the road: Tesla, Nikola or both?

With high profile entreprenuer Elon Musk at the helm, Tesla clearly has the edge over Nikola in terms of publicity.

However, Nikola’s 800-truck partnership with Anheuser-Busch finally put the company on the public radar, and it has been making some moves that undercut Tesla where the rubber hits the road.

One example is Nikola’s pledge to make its hydrogen fuel station network available to any vehicle. That’s a contrast with the Tesla business model, which makes its battery charging stations available only to Tesla owners.

Back in April, Nikola teased news about a forthcoming deal that would enable it to accept pre-orders without requiring a deposit. Nikola also announced that it was refunding all previous deposits on pre-orders while reassuring those customers that they would still retain their position in line. That’s another strike at the heart of Tesla’s business model, which runs into thousands of dollars for deposits on pre-orders.

If Nikola comes through on its vision for water-splitting powered by renewable energy, that would be the icing on the sustainability cake.

Nikola vs. Tesla, round 1… and 2

The gloves really came off earlier this month, when word came out that Nikola filed a $2 billion lawsuit against Tesla in Arizona, claiming patent infringement.

The point of contention is the design of the semi cab. Nikola holds patents for several design elements that it alleges Tesla copied, including its unique wraparound windshield and mid-entry door.

That was just for starters. Nikola plans to leverage its truck refueling network to help kickstart the hydrogen fuel cell vehicle market for passenger cars, which would be in direct competition with Tesla’s battery EVs.

Here’s what Nikola tweeted out last week under the hashtag #emissionsgameover:

It’s certainly not game over for battery EVs, but it looks like the hydrogen economy is going mainstream in a big way now.

Although the rivalry may be causing heartburn among executives at both companies, the good news is that fleet owners will have more zero emission options to choose from in the near future.

Photo (cropped): via Anhueser Busch.

View Original Triple Pundit Article Here

PowerHouse Energy #PHE CEO on The Future of Plastic

Keith Allaun, the Chief Executive Officer of PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic and used tyres, was invited to contribute to a special edition insert in the most recent New Scientist Magazine.  The insert, titled “The Future Of Plastic” was headlined by Sir David Attenborough and brought together thought-leaders in policy and industry to articulate how we might address the current challenges plastic is presenting to our planet, and specifically, our oceans.

The issue was released in conjunction with World Oceans Day on June 8th, 2018.

The potential for the Company’s DMG© System to harness the energy contained in plastic waste by converting it to clean hydrogen was highlighted in the article as a mechanism to reduce the impact of plastics on our oceans. PowerHouse plants are small, modular, and economical, and can be located where plastics are collected.

The decision by China in early 2018 to stop accepting recyclable plastics from the UK, coupled with the challenges faced in recycling soiled or mixed plastics economically, has left tonnes of plastics piling up around the country. Allaun believes that PowerHouse can be an integral part of the system that helps eliminate plastic waste, and helps revive our oceans, in an environmentally responsible, and economically efficient, manner.

“Waste and non-recyclable plastics need not be wasted or pollute our planet,” said Allaun. “Our DMG© process extracts a clean source of energy from waste plastics – hydrogen. The use of hydrogen, in lieu of fossil fuels, will eliminate a substantial CO2 burden to our oceans and our atmosphere.”

“A single lorry of waste plastic can generate enough hydrogen to provide over 60,000 miles of emission-free motoring, and concurrently power 1500 homes. PowerHouse makes a friend of waste plastic, not an enemy.”

The Future of Plastics can be seen in the June 8th 2018 edition of New Scientist Magazine or viewed on the web at the following URL:

http://www.globalcause.co.uk/plastic

The Company’s article can be viewed at:

http://www.globalcause.co.uk/fuel-for-thought-how-to-transform-waste-plastic

For more information, contact:

 

PowerHouse Energy Group plc
Keith Allaun, Chief Executive Officer

Tel: +44 (0) 203 368 6399

About PowerHouse Energy

PowerHouse Energy Group plc is the developer of DMG©, the Distributed Modular, Gasification System which allows for the distributed eradication of waste, the generation of distributed electricity, and the production of distributed hydrogen with the world’s first small, modular, hydrogen from waste process (HfW).

The Company is focused on technologies to enable efficient energy recovery from municipal and industrial waste streams that would otherwise be directed to landfills and incinerators; or from renewable and alternative fuels such as biomass, tyres, and plastics for power generation, or the production of high-quality hydrogen as a fuel for transport. DMG© allows for easy, economical, deployment and scaling of an environmentally sound solution to the growing challenges of waste eradication, landfill diversion, electrical demand, and distributed hydrogen production.

PowerHouse is quoted on the London Stock Exchange’s AIM Market under the ticker symbol: PHE. The Company is incorporated in the United Kingdom.

For more information see www.powerhouseenergy.net

Why I might be prepared to give Powerhouse Energy another chance – Gary Newman of ShareProphets

Powerhouse Energy (PHE) is a company which I have previously been very negative on, and rightly so given its performance over the past few years. The company specialises in waste-to-energy production, either in the form of generating electricity or producing hydrogen for fuel cells, but in the past its gasification technology has failed to really take off in the way that investors had hoped.

It had also been debt-ridden in the past, with lender Hillgrove holding a debenture over the assets of the company, but back in February 2017 it managed to raise £2.5 million, which was enough to settle the outstanding £2 million that it owed and it is now debt-free and looks to be in a healthier position. A remaining amount owed to Hillgrove was settled via shares at 0.5p at the end of January. Whilst I wouldn’t exactly be rushing to put my life savings in here, I do like the idea of the technology and if it is able to deliver this time around than I can see upside potential, especially considering the sector in which it is operating. But whether it can prove that it really has turned things around now still remains to be seen.

Powerhouse certainly does seem to be making progress though, with an extended trial of its G3-UHt gasification unit, with old tyres being used to produce syngas that contained in excess of 50% hydrogen, and no carbon di-oxide. Testing has now been underway for more than six months and the unit has been performing as expected with a feedstock of plastics, and it will now be hooked up to the micro electrical grid at Thornton Science Park to see how it handles supporting its heating and power plant.

As long as everything goes to plan with the testing, and the company is able to prove that there is demand for the product, which hasn’t been evident in the past with previous systems, then it could have timed things just right when it comes to getting these units into production. Waste plastic is a hot topic at the moment and a lot of time and money is going into finding ways to deal with this problem. The beauty of the Powerhouse units is that it will actually get paid – typically between £50-£90 per tonne – to take plastic, and at the other end will then be able to sell the electricity produced, or eventually the hydrogen fuel.

Hydrogen fuel is still at a relatively early stage, but it looks set to really take off as EU countries look to convert more vehicles over to run on hydrogen – for example, out of the 8,500 buses in London, currently only 23 run on hydrogen, and there is also interest in converting lorries and other forms of transport as well.

It isn’t just the EU that is looking to go down this route, and Powerhouse currently has a non-binding memorandum of understanding with Qatar to look into providing these systems to provide fuel for filling stations catering for fuel cell vehicles ahead of the World Cup in 2022. Although I wouldn’t put too much trust in a MOU at this stage, as often for these smaller companies they aren’t worth the paper they are written on, and the potential for any deals still remains to be seen.

In terms of the economics, the company estimates that a single site can process at least 25 tonnes of plastics per day – and as much as 100 tonnes potentially – and that would produce hydrogen worth £5,000 per day, plus a minimum of £2,000 per day to take the plastic, so that would give annual revenue of at least £2.5 million per site. It is also working alongside Waste2tricity Limited and has developed a ‘CORE’ version of its system, with Powerhouse receiving a 20% licence fee from any units sold, alongside any revenue from its participation in these ventures.

The company doesn’t burn through excessive amounts of cash when compared to other similar sized companies, at typically around £70,000 per month, and salaries don’t appear to be particularly high. The last set of annual accounts for 2016 showed that CEO Keith Allaun took a salary of just £66,000. The risks here are that the company won’t be able to sell any of its units, nor be able to expand rapidly enough to take advantage of this market as it grows quickly in the coming years even if it does manage some sales. There is also always a danger of better technology being launched by its competitors, as this looks set to be a huge market in the future.

On the positive side though, if it can finally prove that there is market demand for its product, then there is plenty of potential for it to grow. I view this company as very speculative, in a similar way to investing in any very early stage technology often is, and this market is still very much in its infancy. Currently it is valued at around £7.6 million at a share price of 0.52p, and I can see potential for anyone who likes the idea of the technology, or who usually invests in higher risk oil and mining companies, and is looking for something a bit different but with similar levels of risk. It was one of my picks in the recent Dragons Den sessions at the UK Investor Show.

Read the full ShareProphets article here

PowerHouse Energy #PHE CEO Keith Allaun discusses the oversubscribed £900,000 equity raise with Andrew Scott at Proactive Investors

Keith Allaun, CEO at PowerHouse Energy Group PLC (LON:PHE), caught up with Andrew Scott at Proactive Investors following their new equity issue – an oversubscribed £900,000 capital raise to support ongoing commercial development of its energy systems.

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