1st
October 2024
Powerhouse Energy Group
Plc
("PHE" or the "Company")
Update on Technical
Centre
Powerhouse Energy Group
Plc (AIM: PHE), a company pioneering integrated technology
that converts non-recyclable waste into low carbon energy with a
revenue generating engineering consulting division (Engsolve), is
pleased to provide an update on the progress of its Technical
Centre at Bridgend in Wales.
The Company have now taken delivery
of the Instrument air and Nitrogen Generation package from Atlas
Copco; following the earlier deliveries of the Thermal Conversion
Chamber ("TCC") kiln from AGICO and the gas clean-up system from
VUM of Germany.
Further to the Company's previous
announcement on 14th August 2024, the civil works for
the external Nitrogen and Produced water tanks, which began in
September, are progressing as per schedule.
The process control system and panel
have advanced as expected and the Company will begin cabling in
October, as well as installing all of the utility and syngas
pipework.
The targeted completion date of the
installation and commissioning work remains mid to late Q4
2024.
In parallel to the FTU works, we
have relocated the demonstration unit from the Chester site to
Bridgend, completing the consolidation of PHE operations to the
Bridgend site.
The FTU has a nameplate capacity to
transform 2.5 tonnes per day of waste into Syngas and is a reduced
size version of the proposed commercial process, which has the
capability to produce around 250kW of electrical power dependent
upon feedstock, or approximately 200kg a day of hydrogen when the
required separation process is installed. The FTU will initially be
utilised for R&D and investor / customer demonstrations, after
which the Company will evaluate commercial opportunities for the
process.
Paul Emmitt, CEO of PHE, commented:
"I
am extremely pleased with the progress we are making on the FTU
build, whilst we continue to maintain our schedule and
budget. This is a hugely significant milestone for the
Company as having a fully operational technology centre will
undoubtedly help provide us with even greater impetus to our
pipeline whilst further innovating the services that we can
provide. We look forward to providing further updates
as we progress towards completion in Q4 this
year."
Atlas
Copco Instrument air and Nitrogen generation package at Bridgend
Technical Centre
Atlas
Copco Instrument air and Nitrogen generation package at Bridgend
Technical Centre
Nitrogen
storage vessel at Bridgend Technical Centre
Progression of Civils works for Ground flare base, Nitrogen
tank and produced water tank
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For
more information, contact:
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Powerhouse Energy Group Plc
Paul Emmitt, CEO
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+44 (0) 203 368 6399
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Strand Hanson Limited (Nominated & Financial
Adviser)
Ritchie Balmer / James Harris / Rob
Patrick
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+44 (0) 207 409 3494
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SP
Angel Corporate Finance LLP (Broker)
Stuart Gledhill / Adam
Cowl
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+44 (0) 20 3470 0470
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Tavistock (Financial PR)
Simon Hudson / Nick Elwes / Saskia
Sizen
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+44 (0) 207 920 3150
powerhouse@tavistock.co.uk
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About Powerhouse Energy Group plc
Powerhouse Energy has developed a
process technology 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, heat
and other industrial products may be derived. PHE's process
produces low levels of safe residues and requires a small operating
footprint, making it suitable for deployment at enterprise and
community level.
PHE also incorporates Engsolve Ltd,
which is a revenue generating business who offer Engineering
Services across all sectors with speciality services in the
development of new technologies and clean energy.
For more information see
www.phegroup.com