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Powerhouse Energy ( (GB:PHE) ) has shared an update.
Powerhouse Energy Group PLC reported its audited results for the year ended 31 December 2024, highlighting significant progress in its strategic and technological initiatives. The company completed its Feedstock Testing Unit (FTU) at the Bridgend Technology Centre, marking a pivotal milestone that has already generated substantial interest and feedback from stakeholders. Financially, the company reported an increase in revenue to £499k, though it faced an operating loss due to goodwill impairment. Looking ahead, Powerhouse is optimistic about its project pipeline, particularly with the National Hydrogen project in Australia and the Ballymena project, and aims to deliver its first projects in 2025.
More about Powerhouse Energy
Powerhouse Energy Group PLC is a company that specializes in converting non-recyclable waste into low carbon energy through its innovative technology. The company focuses on producing syngas from waste materials like plastic and end-of-life tires, which can be further utilized to generate valuable products such as hydrogen, electricity, and chemical precursors. Powerhouse also operates Engsolve Ltd, offering engineering services with a focus on clean energy and new technology development.
Average Trading Volume: 13,391,059
Technical Sentiment Signal: Sell
Current Market Cap: £22.36M
See more data about PHE stock on TipRanks’ Stock Analysis page.