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Powerhouse Energy ( (GB:PHE) ) has issued an announcement.
Powerhouse Energy Group has announced significant progress in its Feedstock Testing Unit, which is part of its efforts to convert non-recyclable waste into low carbon energy. The company has successfully tested and validated its DMG system using raw and mixed plastics, achieving hydrogen yields higher than expected. Design enhancements developed in collaboration with Manchester University have improved system efficiency and scalability. These advancements not only bolster Powerhouse’s confidence in its technology but also enhance its commercial potential, paving the way for sustainable energy solutions and waste valorization.
More about Powerhouse Energy
Powerhouse Energy Group Plc is a company that has developed a process technology to convert waste plastic, end-of-life tires, and other waste streams into syngas, from which valuable products such as chemical precursors, hydrogen, electricity, heat, and other industrial products can be derived. The company also operates Engsolve Ltd, a revenue-generating business offering engineering services across various sectors, specializing in new technologies and clean energy.
Average Trading Volume: 7,869,833
Technical Sentiment Signal: Strong Sell
Current Market Cap: £26.61M
Find detailed analytics on PHE stock on TipRanks’ Stock Analysis page.