PowerHouse Energy Group plc is a UK-based alternative energy company specialising in the manufacture and sale of Ultra High Temperature (UHT) Waste to Energy systems. Until early 2015 the product was developed through a Swiss subsidiary, Pyromex Holding AG. However technical and management issues caused the company to close this facility, and to transfer development to Brisbane, Australia. An entirely new unit (the G3, or third generation) was designed and started testing in Q3 2016. The heart of the unit is an oven working above 1250 degC which gasifies all waste products including tyres and batteries.
Exchange: London AIM (PHE)
Financial Data from Exchange website: LSE summary
Recent Financial Report: Interim 30 June 2016
Further Information: With UHT technology more waste material is turned into gas (up to 97 per cent of the energy within any organic waste) This process can convert challenging substances like toxic waste and used tires into saleable energy products with a variety of applications. This enables energy recovery from municipal waste streams that would otherwise be directed to landfills and conventional incinerators. It also uses renewable and alternative fuels such as biomass, lignite (brown coal), tires and plastics either to create syngas for power generation or to be reformed into liquid fuel for transportation.
The financial position is unclear. The annual accounts report neither revenue nor employees. Expenses are heavily influenced by the impairment of subsidiaries, both positive and negative. In the annual report to December 2015 the auditors say they were unable to obtain accounting records for the subsidiaries and hence could not express an opinion on the Group’s financial position.
Contact Details: PowerHouse Energy Group plc, 10b Russell Court, Woodgate, Cottingley Business Park, Bingley BD16 1PE, UK
T: +44 (0) 203 368 6399
F: +44 (0) 203 326 7336
Executive Chairman: Keith Allaun
Field of Interest: Bioenergy