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

PowerHouse Energy Group

LN: PHE

£7.2m market cap

0.38p 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 interim results include news that its partner Peel Environmental has submitted the planning application for a waste-to-energy plant on its Protos Energy Park on Merseyside, which will deploy PowerHouse’s proprietary DMG technology. Protos will potentially be the first of 11 sites with DMG waste-to-energy installations being developed under a collaboration contract with Peel.

Sector
Industrials
Share price graph
Balance sheet
Forecast net debt (US$m) 0
Forecast gearing ratio (%) 0
Price performance
%
1m
3m
12m
Actual (2.6) (15.6) (10.6)
Relative* (3.9) (17.4) (14.5)
52-week high/low 0.7p/0.4p
*% relative to local index
Key management
David Ryan CEO