Powerhouse Energy Group PLC Plans for Global Technology and Innovation Centre
24 May 2022 - 6:13PM
RNS Non-Regulatory
TIDMPHE
Powerhouse Energy Group PLC
24 May 2022
RNS Reach - non-regulatory release
Powerhouse Energy Group plc
("Powerhouse" or the "Company")
24th May 2022
POWERHOUSE UNVEILS LAUNCH PLAN FOR GLOBAL
TECHNOLOGY AND INNOVATION CENTRE
Centre to accelerate and support the technology readiness
Powerhouse Energy Group PLC (PHE), who are commercialising
syngas and hydrogen production from non-recyclable waste plastic,
has today unveiled its plan to create a UK based, Global Technology
and Innovation Centre (GTIC), which it aims to open in early
2023.
The GTIC is designed to add strength to building the technology
readiness level (TRL) of technologies and systems PHE has within
its offering, so reinforcing the company's growth strategy.
TRL rankings are an essential step in the commercialisation of
new technologies. It is a method for understanding and assessing
the maturity of a technology during its development phase, and PHE
looks forward to bolstering this at their Global Technology and
Innovation Centre.
Powerhouse will build the GTIC in the UK after recently signing
agreements with suppliers to provide a turnkey solution for the
centre.
A specific site search for the GTIC is in motion, and the
objective is to situate it close to manufacturing, technology, and
research networks, and at the same time make it accessible to
customers. This will aid the continuous development of the
technology for commercial use.
Paul Emmitt, Powerhouse's Chief Technology Officer said "As well
as generating even more credibility on the process capability of
our commercial scale offering, the plant and equipment at GTIC is
more representative of the commercial design. It will be capable of
handling more volume than the equipment the company has used
to-date for validation. Additionally, the GTIC will support
evaluations of customers' own feed stock blends - validating,
demonstrating, and testing in real-world conditions, and providing
market replication. This will enable deep and thorough assessment
in the pre-evaluation phase of onboarding projects, supporting
business growth".
Chief Executive Officer of Powerhouse, Paul Drennan-Durose,
said: "We are delighted to make this announcement. The new centre
will open doors to new areas of research, innovation, and
technology development. It will play a key role in underpinning the
established progress, and in increasing market readiness.
Crucially, it will play a role in intensifying sales pipeline
generation, and in showcasing how Powerhouse can be part of the
solution to the world's waste problems, and the energy
transition".
-ENDS-
For more information, contact:
Powerhouse Energy Group plc Tel: +44 (0) 203 Paul Drennan-Durose
368 6399
WH Ireland Limited (Nominated Tel: +44 (0) 207 James Joyce / Megan
Adviser) 220 1666 Liddell
Turner Pope Investments (TPI) Tel: +44 (0) 203 Andrew Thacker /
Ltd (Joint Broker) 657 0050 James Pope
SisterSmith PR (media enquiries) Mob: + 44 (0) Becca Smith
7766522305
Notes to editors
About Powerhouse Energy Group plc
Powerhouse has developed a proprietary process technology -
DMG(R) - which can utilise waste plastic, end-of-life-tyres, and
other waste streams to convert them efficiently and economically
into syngas from which valuable products such as chemical
precursors, hydrogen, electricity, and other industrial products
may be derived.
Powerhouse's 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.co.uk
Follow developments @PowerHouseEG .
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END
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