PowerHouse plc “Chairman’s Statement for Interim results”

PowerHouse (AIM: PHE), the company focussed on ultra high gasification waste to energy systems, has given DirectorsTalk its unaudited interim results for the six months to 30 June 2016.

H1 2016 Highlights

Operational

·     Period focussed on G3-UHt Ultra High Gasification waste to energy system (“G3 System”) testing programme

·     Signed commercial cooperation agreement with PowerHouse Energy Americas

·     Settlement agreed with RenewMe

·     Clive Carver appointed as Non-Executive Director

Financial

·     Hillgrove Investments Pty Limited convertible loan note increased by AUD 176,000 and facility repayment extended to at least 30 June 2017

·     Equity fundraising of £575,000 to support completion of testing and commercial roll out

Post-period Highlights

Operational

·     The Company announced completion of its G3 testing programme and commencement of commercialisation phase

·     Key personnel hired to support the Company’s commercial roll-out

·     Early discussions with a number of potential clients have commenced

Financial

·     Current cash balance is £450,000

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    Powerhouse Energy Group plc

    More articles like this

    What is DMG?

    Distributed Modular System (DMG) technology can: convert unrecyclable plastic into high-grade hydrogenfor use as a transport fuel generate power for exportby private wire or to the grid Powerhouse Energy Group PLC (LON:PHE) has developed the innovative

    The future of waste-to-energy technology

    We produce over 2 billion tons of waste per year, a number that’s expected to grow by 70% by 2050. We’ve long sought ways to turn all this waste into energy, but this has usually meant

    Progress made on plastic to hydrogen sites

    The development of hydrogen production from waste plastics sites across the UK is set to accelerate following a supplemental collaboration agreement between PowerHouse Energy Group and Peel Environmental signed yesterday. The collaboration will focus on the

    Waste to Energy

    Waste to Energy (WTE), is a term that is used to describe various technologies that convert non-recyclable waste into usable forms of energy including heat, fuels and electricity. WTE can occur through a number of processes such

    Waste to energy capacity continues to grow in Europe

    Waste to energy is still a growth market in Europe. The number of facilities commissioned is set to rise in the years ahead, the consulting firm Ecoprog announced at the publication of the latest edition of

    Meet Waste2Tricity

    Whether buying sliced ham in a black plastic tray or high-value gadgets cosseted in polystyrene, taking an environmentally-friendly route when disposing of the vast array of packaging we’re bombarded with can often seem akin to navigating a minefield.