PowerHouse Energy Group (PHE); reports ongoing commercialisation of DMG® process

PowerHouse Energy Group

LN: PHE

£7.9m market cap

0.41p last close

PowerHouse Energy has developed an innovative process that generates hydrogen and electricity for the distributed grid from non-recyclable plastic and used tyres. It benefits from rising demand globally for hydrogen and diverts material from landfill.

Investment summary

PowerHouse Energy’s exclusive development partner Waste2Tricity (W2T) has signed a Memorandum of Understanding (MoU) with recycling company Advanced Sustainable Developments (ASD). ASD intends to open a PET plastics recycling facility at Peel Environmental’s Protos energy hub in Cheshire, which is where W2T intends to locate the first commercial scale waste-to-energy DMG system from PowerHouse. Under the terms of the MoU, the electricity generated by the DMG system will be fed into a private grid on the Protos site and supplied at a discount to current power market prices to ASD. In addition, ASD has agreed to supply the DMG unit with unrecyclable plastic for use as feedstock, paying a price for disposal that is significantly below current landfill prices.

Sector
Industrials
Share price graph
Balance sheet
Forecast net debt (US$m) 0
Forecast gearing ratio (%) 0
Price performance
%
1m
3m
12m
Actual 1.2 (18.8) (2.4)
Relative* (0.2) (19.2) 0.5
52-week high/low 0.7p/0.3p
*% relative to local index
Key management
David Ryan CEO