Hydrogen produced can be used to power fuel cells used in vehicles
Technology to convert unrecyclable plastic and tyres into clean energy
DMG can produce syngas to generate electricity or converted to hydrogen
What PowerHouse Energy does
The company’s technology, called DMG, uses a process of small scale gasification to turn the waste products into energy rich clean syngas (synthetic gas similar to natural gas) from which electrical power and hydrogen can be produced.
The syngas can also be used to power traditional gas engines, while the hydrogen can be used to power fuel cells that can be used in buses, lorries, and cars.
How is it doing
In July, the AIM-listed group received a letter of support from the Japanese Ministry of Economy Trade and Industry
That followed “many months” of engagement and contained a commendation regarding the environmental advantages of DMG.
Powerhouse added that the Ministry considered the technology to be a “major competitor” in the low-cost production of hydrogen as well as providing “incredible value” to the promotion of the global energy transition and decarbonisation process.
While the letter had no immediate commercial benefit, the company said it looked forward to the “future development of opportunities” arising from the engagement with the Japanese government.
Earlier in the year, the group signed its first revenue-generating contract with its exclusive partner, Waste2Tricity Limited (W2T).
The firm said under the agreement, it would provide planning and engineering design services to W2T, that would lead to a build contract and license for use of its technology, known as DMG.
PHE will provide site modelling and engineering services as part of the agreement, as well as defining the parameters of a front-end engineering design contract that would be placed with a third-party contractor.
The deal also included terms relating to PHE as the supplier of DMG to the site, covering design rights, build contracts and licensing of the technology.
What the boss says: Dave Ryan, chief executive
"We relish the opportunity to show just what can be achieved with our DMG® energy recovery process to address the plastic waste crisis. It is the responsible thing to do alongside other commendable initiatives being deployed. The scope of our DMG® technology is truly global.”
- First plant comes on stream at Protos business park
- Other orders start to come through
- Testing of feedstock at underway
- Talks underway with two dozen potential leads
- Opportunities in Europe, SE Asia plus an emergence of a US market says Ryan
PowerHouse is not just restricting its ambitions to the UK; it has also targeted the established Japanese hydrogen markets.
Its development partner Waste2Tricity (W2T) is now in commercial negotiation with Toyota Tsusho Corporation, which PowerHouse believes could lead to Toyota Tsusho agreeing to be one of the companies introducing the DMG technology for hydrogen generation into Japan and other parts of Asia.
In June, a documentary, War on Plastic with Hugh and Anita broadcast on BBC1 highlighted the mountain of plastic waste that could have been recycled but instead was dumped in Malaysia.
At 0.42p, the market cap is £8.6mln.