Powerhouse Energy Group (PHE)

Sector:

Investment Firms

Index:

FTSE AIM All-Share

 1.10p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.00p
  • 52 Week Low: 0.25p
  • Currency: UK Pounds
  • Shares Issued: 4,196.65m
  • Volume: 4,859,479
  • Market Cap: £46.16m

Powerhouse Energy orders critical key alloy for Peel facility

By Josh White

Date: Thursday 03 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Waste-to-hydrogen technology company Powerhouse Energy has ordered the critical key alloy material to be used in the manufacture of the 'DMG' advanced thermal conversion technology process on Thursday.
The AIM-traded firm said it would be installed at the first plastic-to-hydrogen facility, to be located at the Peel NRE strategic energy and resource hub 'Protos', in Ellesmere Port.

It said the alloy material was ordered by Protos Plastics for the Peel NRE special purpose vehicle, Hydrogen No 1 Limited.

The procurement was funded from the recent loan agreement from Powerhouse, which was set to provide up to £3.8m to the special purpose vehicle.

Powerhouse said the alloy material had the necessary high-temperature corrosion resistance, while providing the strength and lifetime durability necessary for application in the thermal conversion chamber.

The material was selected after four years of research by Powerhouse, its suppliers, and material specialist consultants.

With the start of the procurement process, project development manager King Associates was also engaging with the long-lead suppliers to finalise contracts for other critical components.

"Over four years of the technology development team's work has gone into this procurement decision," said chief executive officer David Ryan.

At 1049 BST, shares in Powerhouse Energy Group were up 1.15% at 6.17p.

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PHE Market Data

Currency UK Pounds
Share Price 1.10p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.00p
52 Week Low 0.25p
Volume 4,859,479
Shares Issued 4,196.65m
Market Cap £46.16m

PHE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.14% below the market average49.14% below the market average49.14% below the market average49.14% below the market average49.14% below the market average
67.38% below the sector average67.38% below the sector average67.38% below the sector average67.38% below the sector average67.38% below the sector average
Price Trend
55.30% above the market average55.30% above the market average55.30% above the market average55.30% above the market average55.30% above the market average
49.22% above the sector average49.22% above the sector average49.22% above the sector average49.22% above the sector average49.22% above the sector average
Income Not Available
Growth
29.65% below the market average29.65% below the market average29.65% below the market average29.65% below the market average29.65% below the market average
28.62% below the sector average28.62% below the sector average28.62% below the sector average28.62% below the sector average28.62% below the sector average

PHE Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:23 123,207 @ 1.13p
15:16 121,326 @ 1.03p
14:20 26,000 @ 1.09p
14:17 1,090,153 @ 1.10p
14:10 43,774 @ 1.03p

PHE Key Personnel

CEO Paul Emmitt
CFO Ben Scott Brier

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