PowerHouse Energy Group Plc (LON:PHE), the company focused on ultra high temperature gasification waste to energy systems, and the creation of Distributed Modular Gasification© (DMG), has today announced a collaboration agreement with a UK partner involved in the development of energy and waste projects.
Subject to achieving certain performance milestones of the G3-UHt demonstration unit sited at Thornton Science Park and to entering into an option to lease land to site the units, the partner has committed two tranches of funding of up to £500,000 in aggregate to meet the cost of preparing and funding applications for planning permission and environmental permits of the initial demonstration unit and first five PHE Waste-to-Energy G3-UHt systems.
The agreement will require PowerHouse to supply five systems at locations of the partners’ choosing on a prioritised basis, based upon the completion of UK Certifications and demonstration of the G3-UHt unit in active operation.
Keith Allaun, Executive Chairman of PowerHouse Energy Group Plc, said: “It is gratifying and reassuring to have attracted a significant and large corporate partner to work with PHE and Waste2tricity Ltd in rolling out Distributed Modular Gasification© in the UK. DMG systems allow for the environmentally responsible conversion of waste into electricity and the creation of distributed hydrogen for commercial uses. This event marks a turning point in the commercial development of the Company. Our engineering team continues to meet its objectives and we look forward to the public demonstration of the G3-UHt system in the coming period.”
