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(PHE) Powerhouse Energy Groupl plc Share Chat

Discussion in 'General Share Chat (PHE)' started by Stabilo123, Feb 20, 2016.

  1. Groucho

    Groucho Member

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    30 November 2021

    Powerhouse Energy Group plc

    ("Powerhouse" or the "Company")

    Development partner, Hydrogen Utopia International, signs Letter of Intent with
    Bulgarian city

    Powerhouse Energy Group plc (AIM: PHE), the UK technology company
    commercialising hydrogen production from waste plastic, is pleased to note that
    its development partner, Hydrogen Utopia International PLC (HUI), has signed a
    letter of intent with the City of Simitli, Bulgaria.

    The letter sets out HUI's intention to build and manage a Distributed Modular
    Gasification plant (DMG®) using Powerhouse's technology sited in a commercial
    sector close to existing waste remediation facilities in Simitli in the
    south-west of Bulgaria. The project would be subject to approval by Powerhouse.

    Powerhouse is pleased to see HUI's progress in Bulgaria. Powerhouse announced
    on 7 October 2021 that it had entered into a binding collaboration agreement
    (the "Collaboration Agreement") with HU2021 International UK Limited, a wholly
    owned subsidiary of Hydrogen Utopia International PLC, to market the deployment
    of DMG® technology in territories outside the UK.

    All potential projects under the Colloboration Agreement are subject to
    approval by Powerhouse and the formal IP Implementation licence to HUI for
    construction of its projects approved by Powerhouse, which will cover the
    licence fees to be received by Powerhouse for any deployment of the DMG
    technology, has yet to be agreed.
     
  2. Groucho

    Groucho Member

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    6 May 2022

    Operational Update

    Powerhouse Energy Group plc (AIM: PHE), the UK technology company
    commercialising hydrogen production from plastic, provides an operational
    update.

    Further to the recent appointment of Paul Drennan-Durose as Chief Executive
    Officer, the management team has been working closely, and collaboratively,
    with Peel NRE Ltd.'s leadership team on their Protos plant project in the UK,
    and the Company has been very much involved in their process of selecting world
    class construction partners for the ultimate build phase, and the financial
    assessment of the SPV business plan.

    In addition to this, the new CEO has been leading the Company's management
    team, meeting other members of the international waste and hydrogen ecosystem
    Powerhouse operates within, including premium grade suppliers, other
    technologists, and potential project partners, to explore other potential
    routes for the Company to develop technology, and to commercialise the group.
    As well as this, management is actively scoping opportunities to further
    develop the technology readiness level of its offering, and to showcase
    thisacross international platforms.

    The Company has been examining and reviewing the Powerhouse business and its
    operations, with a view to setting out in the near future an evolved business
    model, to seek optimal results and value for all stakeholders. The
    Company plans to be in a position to share this, and other developments, with
    investors in more detailed announcements shortly, and the strategic path at or
    around the time of the next AGM.

    Paul Drennan-Durose states:

    "It's now been eleven or so weeks since becoming Powerhouse CEO, and in joining
    the rest of the board in leading the business on the next phase of its
    development. As you would expect in these early stages, I and the new board
    members, and our new Chairman, have been in an intense discovery phase, which
    has included rapidly meeting with many of the stakeholders and partners that
    Powerhouse has entered relationships with, and with potential collaborators and
    partners. We are confident in the future of the business, applying learning
    from the Company's prior experiences, and capitalising on the increasing market
    relevance, and the increased relevant experience we are building within
    Powerhouse and its network."
     
  3. Groucho

    Groucho Member

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    Powerhouse Energy Group plc

    ("Powerhouse" or the "Company")

    11 May 2022

    Response to speculation

    Powerhouse Energy Group plc (AIM: PHE), the UK technology company
    commercialising hydrogen production from plastic, is aware of speculation on an
    investor forum website that it may enter a Joint Venture with Hydrogen Utopia
    International plc ("HUI") in a proposed waste to hydrogen facility in Ireland.

    Whilst the Company has had dicussions with HUI on a project opportunity in
    Ireland, the board is considering the proposal and how it may become involved
    in the potential project which is at a very eary stage. However the Company
    cautions that there is no agreement in place and that there is no certainty it
    will decide to pursue any such opportunity.
     
  4. Groucho

    Groucho Member

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    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".
     
  5. Groucho

    Groucho Member

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    9 June 2022

    Planning approved for second UK site for Powerhouse technology

    Powerhouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from plastic, is pleased to announce that its UK channel partner Peel NRE, part of Peel L&P, has been granted planning approval for a hydrogen facility in West Dunbartonshire, Scotland.

    The £20m 13,500 tonne facility at the site at Rothesay Dock on the north bank of the River Clyde, will be the second site in the UK planning to use Powerhouse's technology to turn waste plastic into hydrogen. The hydrogen will be used as a clean fuel for vehicles, with plans for a linked hydrogen refuelling station on the site. It follows the UK Government doubling its hydrogen production target by 2030 as part of the recently-published Energy Security Strategy, so more clean and affordable energy can be produced in the UK as energy prices continue to rise globally.

    Planning approval for the Rothesey Dock site is an important early step in the process of getting the facility built there. This is the second planned facility, with the first to be delivered at Peel NRE's Protos site in Cheshire, as announced on 10 April 2019. Peel NRE has already been granted planning approval for the Cheshire site, and intends to start construction this year.

    Richard Barker, Development Director at Peel NRE, said: "This is a fantastic moment for West Dunbartonshire and Scotland. It shows how the UK is innovating when it comes to rolling out new net zero technologies. The facility will address the dual challenge of both tackling our problem plastic whilst creating hydrogen, a sustainable fuel for future generations.

    "Whilst the focus must remain on removing plastic from society, there are still end of life plastics that need managing. The plant will play a pivotal role in making the best use of non-recyclable material, with the resulting hydrogen able to help cut carbon emissions from vehicles."

    Paul Drennan-Durose, Chief Executive Officer of Powerhouse, said: "The consent for a second site is another substantive step for Powerhouse, as we roll-out the process of commercialising our technology. We value the opportunity of working alongside Peel NRE, and in supporting the Scottish and UK governments in their missions to decarbonise communities and the economy."

    Zero Waste Scotland estimates that around 500,000 tonnes of waste plastic are produced in Scotland every year, with research undertaken by Anthesis, on behalf of Peel NRE, showing that around 300,000 tonnes are within the central belt of Scotland.

    Peel NRE has signed a collaboration agreement with Powerhouse to develop 11 waste plastic to hydrogen facilities across the UK in the medium term, with the option of exclusive rights for a total of 70 facilities. The North Clyde facility is the second site to come forward under the collaboration agreement.
     
  6. Groucho

    Groucho Member

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  7. Groucho

    Groucho Member

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    28 June 2022

    Ceres Power Holdings plc


    Ceres and Shell sign agreement for green hydrogen


    · Megawatt scale demonstrator to be located in Bangalore, India

    · Aim to deliver low-cost green hydrogen for industrial decarbonisation


    Horsham, UK: Ceres Power Holdings plc ("Ceres", the "Company") (AIM:CWR), a global leader in fuel cell and electrochemical technology, is pleased to announce that it has signed an agreement with Shell to deliver a megawatt scale solid oxide electrolyser (SOEC) demonstrator in 2023.

    Shell and Ceres are building this partnership to utilise SOEC technology to deliver high-efficiency, low-cost green hydrogen; now widely viewed as a credible route to decarbonise hard-to-abate parts of the energy system that rely on fossil fuels today.

    Shell is targeting to become a net-zero energy business by 2050, by reducing emissions from its operations and from the fuels and other energy products it sells to its customers. Ceres aims to produce hydrogen at efficiencies around 20% greater than other technologies, in the range of mid-80s to 90% efficiency where it is possible to make use of waste heat in industrial processes to drive high efficiency.

    Ceres has committed £100 million for the development of its SOEC technology - with the aim of achieving a market-leading levelised cost of hydrogen of $1.5/kg by 2025. The agreement with Shell aligns with Ceres' business strategy and provides a pathway to the commercialisation and development of new markets.

    The system will be installed at Shell's research and development technology centre in Bangalore, India, where the hydrogen will be used in industrial processes on site. The testing programme is intended to run for at least three years, forming the first stage of a collaborative relationship. The Bangalore technology centre is a key part of Shell's focus on innovation and technology with the potential to provide cleaner energy solutions.


    Phil Caldwell, Chief Executive of Ceres commented: "Today's announcement with Shell is a hugely important step for Ceres. The partnership endorses our business strategy and signals the potential of our SOEC technology to deliver low-cost green hydrogen for industrial decarbonisation at the scale and pace needed to reach net zero."


    Yuri Sebregts, EVP Technology, Shell: "Shell's Powering Progress strategy sets a clear ambition for Shell to be a leader in the energy transition and accelerate our journey to become a net-zero emissions energy business by 2050. Hydrogen features heavily in that strategy. Ceres, with their differentiating SOEC technology, have the potential to produce Hydrogen at an optimum cost and efficiency profile. The pilot and collaboration with Ceres are a step forward in maturing this promising technology towards industrial scale."
     
  8. Groucho

    Groucho Member

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    13 July 2022

    Powerhouse Energy Group Plc

    (the "Company" or "PHE")


    Proposed Joint Venture with Hydrogen Utopia International Plc for a non-recyclable

    Waste Plastic to Hydrogen facility in the Republic of Ireland


    Powerhouse Energy Group Plc (AIM: PHE), a company pioneering integrated technology which converts non-recyclable waste into low carbon energy, is pleased to announce that it has agreed heads of terms ("HoTs") with Hydrogen Utopia International Plc (AQSE: HUI) ("HUI") for the proposed joint development of a site at Lanespark in Co. Tipperary in the Republic of Ireland. It is anticipated that this would if developed lead to PHE's first operational full scale waste plastic to hydrogen facility outside of the UK (the "Lanespark Project").

    PHE and HUI have agreed, in principle, to establish a joint venture vehicle owned equally by each company ("JVCo") to which PHE and HUI would contribute development costs for the Lanespark Project on a 50:50 basis.

    Under the HoTs, it is anticipated that PHE will pay HUI a non-refundable payment of £400,000 in cash, and advance to HUI a loan of £600,000, each in recognition of HUI's contribution to date to the Lanespark Project. It is anticipated that the Lanespark Project, which encompasses a suitable site in an EU Just Transition Fund region, would provide potential access to an investment grade plastic feedstock supplier and the potential to agree offtake for the facility's anticipated hydrogen and syngas outputs.

    PHE's participation in JVCo is subject to definitive agreements for the Lanespark Project being entered into and is also conditional upon the current lessee and the freeholder of the site agreeing to provide JVCo with a mutually acceptable ownership interest in the site, which would assist in the ability for Project Lanespark to be financed (the "Title Condition"). HUI is in advanced discussions with the relevant parties to seek to satisfy the Title Condition.

    It is expected that the loan to be provided to HUI by PHE, will be made available for drawdown in whole or in part upon satisfaction of the Title Condition and on entering into the definitive agreements for Project Lanespark. The loan would have a term of up to two years, with redemption in full possible after one year through a bullet repayment reflecting rolled up interest and capital of £660,000 or at the end of the full two year term through a bullet repayment reflecting rolled up interest and capital of £750,000. It is also anticipated that HUI will provide PHE with security for the loan through a charge over its shares in JVCo.

    In recognition of the fact that the Lanespark Project will supersede any pre-existing arrangements between HUI and PHE, the parties have agreed that on entering into the definitive agreements, the existing exclusivity agreement between PHE and HUI's UK operating subsidiary, as well as the related existing collaboration agreement, will each be mutually terminated without any further obligation on either party.

    As part of its evolving business model, PHE will consider collaborations with third parties similar to this on future projects. Powerhouse also continues to support and be the technology provider to Peel NRE Ltd - part of Peel L&P - and its SPV at Protos Strategic Energy & Resource Park in Cheshire, UK.


    Keith Riley, Interim Chairman of PHE commented:

    "This is an important strategic step forward for Powerhouse Energy. Not only does it provide a new project for Powerhouse's hydrogen production technology, it also represents our first major project outside the UK, and the first time Powerhouse has been party to the special purpose vehicle that will develop and construct the facility. We will have a seat at the table in the project decision making, aligning the interests of both HUI and PHE in its success."


    Paul Drennan-Durose, CEO of PHE, commented:

    "Powerhouse Energy must create a quality of choice on projects. In this early stage of commercialisation there is a need to consider the unusual, and to have a more flexible business model. The Republic of Ireland is also a good fit for Powerhouse at this stage in its evolution, its close enough to avoid an overreach and it is anticipated that the solution will be of great benefit to local communities, the private sector, and to the state."
     

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