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

PowerHouse Energy Group

LN: PHE

Market Cap£123m

Last Close 3.5p

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.

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Investment summary

On 14 July Powerhouse’s shareholders approved the proposed acquisition of former development partner Waste2Tricity (W2T). This clears the way for Peel Environmental to lead the engagement with all potential end-customers in the UK seeking to deploy Powerhouse’s distributed modular generation (DMG) technology as well as developing DMG plants on its own sites. Peel is targeting the development of at least 30 DMG plants across the UK, each of which will potentially generate £0.5m in annual licence fees for Powerhouse.

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Share price graph
Balance sheet
Forecast net debt (US$m) 0
Forecast gearing ratio (%) 0
Price performance
%
1m
3m
12m
Actual (11.4) 141.4 669.2
Relative* (12.8) 130.0 788.2
52-week high/low 4.4p/0.3p
*% relative to local index
Key management
David Ryan CEO