PowerHouse Energy has developed an innovative, distributed waste-to-hydrogen and waste-to-energy process, which takes advantage of the growing global need for distributed hydrogen production, as well as the distributed grid and local wire power delivery.
PowerHouse Energy’s innovative, distributed waste-to-hydrogen technology satisfies the joint needs of powering fuel cell electric vehicles, finding an alternative means of waste disposal to landfill or incineration and providing a predictable form of clean energy to complement intermittent supplies such as wind and solar. The hydrogen and electricity are produced close to point-of-use, saving transportation costs and reducing transmission losses and the associated carbon footprint. The company has a pilot system near Ellesmere Port, Merseyside, and intends to commence commercial production in FY18.
PowerHouse has the potential to drive rapid growth subject to securing appropriate funding. We estimate that c $2.5m of forecast debt at December 2014 has still to be financed. We estimate that 10 50tpd reactors built, owned and operated by the group would generate $47-72m revenues annually including tipping fees and environmental feed-in tariffs, depending on the feedstock used and wholesale electricity prices. This represents $35-59m incremental operating profit.