It uses electricity, in an investor presentation it gave a figure for that load, termed the parasitic load, as 30% of the total electricity produced, i.e. 0.32MW, with 0.75MW net exportable. Up to 97% of the energy can be recovered from the waste.
In the latest broker note by Align, the predicted net exportable electricity had gone up to 1.15MW.
As you know the G3 can be tuned to generate a syngas that is up to 75% hydrogen by volume, and that this can be separated and clean up for use in stationary fuel cells such as the AFC offering and/or hydrogen fuel cell vehicles.
In the Align note the amount of hydrogen was projected to be 1 tonne per day and in a later interview the projection was raised to 1.5 tonnes per day. The remaining syngas will still be used to generate electricity via an ICE gen-set and will be more than adequate to cover the parasitic load.
If we stick with the Align note, the 25t/d G3 has a generation capacity of 1.15MW net using an ICE gen-set.
Or it can produce 1 tonne of hydrogen per day and still have a generation capacity of 0.666MW net from the remaining syngas.
I cant answer your second question but the main point for me is that when generating electricity only, using Aligns estimates of £70/WMh , £80/t gate fees for the waste and 8,000hrs a year operation the 25t/d G3 would generate earning of £1,225,440 gross with OPEX of £570,000.
When producing hydrogen for sale at £9/kg for HFCVs the figure rises to £4,035,587 gross with OPEX of £780,000.
I'm surprised that the latest full year business up-date along with the news re no further plastic waste to China and the public furore over the damage caused by plastic ocean waste highlighted in the Planet 2 TV programme has not resulted in a sp increase.
Whilst accepting the business up-date could have been better, (it wasn't bad) surely Power House Energy Group are well positioned over the next 12 months to take advantage of all this anti waste news.
PowerHouse and Peel Environmental Ltd announce Heads of Terms for siting of initial commercial Distributed Modular Gasification System
PowerHouse Energy Group plc (AIM: PHE), the pioneer in distributed waste-to-hydrogen production, announces that it has reached a Heads of Terms with Peel Environmental Ltd (?Peel?), a company at the forefront of developing infrastructure for the waste and environmental technology sectors in the UK, for a 25 year lease to site its initial commercial DMG? System. The new one acre site (?the Site?) is conveniently located near the University of Chester, Thornton Science Park, where the PowerHouse G3-UHt Research Demonstrator is operating.
After evaluating a number of sites throughout the UK with Peel and Waste2Tricity Ltd, the Company has determined that this Site represents an ideal location for its first commercial system. The Site has access to the National gas grid, the commercial electrical grid, and also benefits from excellent road and waterway access.
Terms of the lease with Peel are expected to be finalised in the New Year. The Company, working in conjunction with Peel, will immediately commence the planning and permitting process as required, with the signing of the lease contingent upon achieving approvals by the appropriate authorities. Surveying activities and initial site engineering will commence in early 2018 as previously projected by the Company.
Keith Allaun, CEO of PowerHouse, said: ?We have achieved yet another exciting milestone for the Company in identifying the site for our first commercial DMG installation. This site is ideal in terms of its transportation access as well as relative proximity to Thornton Science Park.
?The hydrogen economy is rapidly being embraced by automobile manufacturers, and both land-based and maritime industrial transport companies. This location allows us to deliver electricity, road-fuel quality hydrogen, and industrial syngas to clients from multiple sectors.
Our intention is to build the world?s first DMG? facility here in the Northwest of England where we have enjoyed so much support from local industry, councils, and the Northwest Hydrogen Hub. Our ability to expand on this site is very attractive and will allow us to target ultimately producing over 2MW of electricity and over 3 tonnes of high-quality hydrogen per day.?
The Company intends to option an additional parcel of land on the Site for future expansion opportunities.
Yes, vast potential, we should hear news of the first commercial site before Christmas.
Whilst PHE is not dependent on the possibility of an hydrogen economy as it can make good profits from destroying waste and generating electricity via ICE gen-sets, it would be foolish for the company not to strive towards it. PHE has the ability to provide hydrogen at a price-point that would make HFCEV's as cheap or cheaper to run than battery electric cars and so will be in a position to help build the new hydrogen infrastructure.
Don't take my word for it, listen to his interviews.
Well PHE has been around a few years and has totally redesigned the tech. It seems to work and needs to be scaled up. The world certainly does need tech like this. Watching Blue Planet II last night certainly brings that home !
The potential for tech like this truly is mind boggling. Think how many landfill sites could be used as potential sources of raw materials, let alone the stuff that's currently adding to them !
Then, when you consider other tech such as AFC Energy whose fuel cells could utilise the waste hydrogen and create green energy, there's a lot of synergies to be developed down the line. Note there already is a link between these 2 companies.
Disappointing drop in SP at the moment ?
This is definitely a speculative share with huge potential down the line if PHE get to the next stage of commercialisation and beyond.
This company reminds me of the late Environmental Recycling Technologies: small British company buys rights to potentially game-changing tech, spending many years and £50m+ developing it, with excited investors talking of clearing the oceans of plastic debris.
Of course ERT went bust, along with TRK and NXT, two other companies of a similar vintage which promised a revolution in their field. My point is that these companies are great for a small punt, and I've bought a few today myself, but they can go from being ahead of the curve to total irrelevance in very short order. Here's hoping the hydrogen economy is the future and not just another mirage. Meanwhile, best not to get too excited.
What a concept! Burning the stuff that is choking the worlds oceans and the plastic/rubber rubbish that would otherwise go to land fill and would take for-ever to degrade and at the same time producing a carbon negative fuel! I'm gobsmacked that almost pure hydrogen can and will be produced from these man-made waste products that are amongst the worlds worst.
As you've probably guessed I've only just stumbled across PHE and have just been immersed in their web site and their latest successful DMG demonstration in Chester -
I really hope this takes off big-time and that sometime, somewhere someone designs a huge hydrogen powered boat that, by the nature of its design, is completely self sufficient and goes around the worlds oceans hoovering up the vast plastic islands where ever they be . . . .
But more realistically, for now, that this gets the attention of waste management everywhere and ASAP
Keith Allaun - you've just made my day and al the best to you and PHE
Have not seen Paul Warricks posts so can't comment on him specifically, but there are some poster who know nothing to little about a company but rely on spamming to up the sp a bit (only can happen with small AIM type companies) they then sell making a small profit.
I have no problem with these posters as if anyone invests in anything without sufficient research they deserve to get their fingers burnt.
Perhaps these threads should come with a 'reader beware' sticker.
This stock is being heavily promoted by some bloke called Paul Warrick who is spamming various bb's on advfn. He's not doing a lot to answer quite a few pertinent questions about the company so I suggest some enhanced dd before jumping in here.
Seems Turner Pope ( former Cornhill staff ) were the lead on the placing @ 1p .
SVS has ramped it so must of bought a load on principle to sell on at a profit ( its what they do )
They appear to have issued a lot of shares to various people of late between 0.76 and 1p
Dr Davies is a capable business leader who has successfully grown revenues and profits in a quoted alternative energy company. As founder, CEO, and Executive Director of AIM-quoted Alkane Energy plc (now Alkane Energy Limited), he led that company through each phase of its development. He built Alkane from its initial concept to the point of providing over 160MW of connected power generation, and a successful exit for his shareholders - a c. £60 million sale to Balfour Beatty Infrastructure Partners in October 2015. Prior to Alkane Dr Davies led a number of other start-up companies and is currently a Non-executive Director of AIM-quoted Ascent Resources plc.
Dr Davies was awarded a PhD in Applied Geochemistry from Imperial College London. Over the course of the past 20 years Dr Davies has evaluated numerous gasification technologies and projects. He is also a Fellow of the Geological Society of London a member of the European Petroleum Negotiators Group, and the Petroleum Exploration Society of Great Britain.
Keith Allaun said: Over the past 6 months, we conducted an extensive search to ensure that we identified the best possible candidate for the Chairman role. Dr Davies background in gasification, his extensive entrepreneurial and public company experience, and his passion for the vision of PowerHouse made him the ideal match at this point in our development. His considerable achievements, both technical and commercial, should inspire the confidence of our Shareholders and partners in the direction the Company is taking. Camerons extensive contacts throughout industry and government, both in the UK and internationally, will be of great value to the Company as we begin to accelerate our commercial strategy.
Dr Davies said: I am pleased and excited to be joining PowerHouse at this crucial juncture. Ive been following the Company with keen interest for over a year and am impressed by the progress that Keith and his team have made in positioning the Company for its next phase of growth. PowerHouse is well advanced in its plan to produce low-cost hydrogen for road-fuel use while addressing the growing issues of landfill diversion and waste eradication. I am looking forward to helping the Company accelerate its commercial strategy, develop the business operationally, and expand an already excellent team.
PowerHouse also announces it has completed a fundraising of £1.6 million, through the issue of 160,000,000 new Ordinary Shares of 0.5p per share (Shares). The fundraise was completed at a price of 1p per Share representing an 18% discount to the closing price at 21 August. The placement price was a grea
Operating on a feedstock of tyre crumb, PowerHouse engineers were able to demonstrate control of the process at ultra-high temperature which led to the generation of synthesis gas (syngas.) According to onsite, in-line analytical instrumentation, the syngas produced was greater than 50% hydrogen by volume. The remaining, measurable, constituent elements of the syngas were CO (carbon monoxide) and CH4 (methane.) Importantly, the in-line gas analysis equipment detected absolutely no CO2 in the gas stream generated by the Unit. A more rigorous analysis of the syngas produced in the DMG process will be conducted by certified external laboratories in future trials.
The G3-UHt unit was disassembled subsequent to its previous trial for a thorough post-operational review. The results of that review led to minor modifications of the operational parameters by which the most recent trial was conducted. Similarly, the unit will again undergo a thorough dis-assembly, inspection, and evaluation of each individual component of the system to ensure continuity of plan.
PowerHouse has long focused on the efficient generation of energy from waste. However, our ability to generate a concentrated volume of hydrogen from waste, on a distributed basis, sets us apart from others. We believe that DMG is critical to opening the door to the coming hydrogen economy, said Keith Allaun, Executive Chairman. These trials will allow us to manage and maximise the constituent elements of the syngas we create to best serve our business model objectives of delivering hydrogen as a road-fuel.
David Ryan, PHE Executive Director of Programme Development, said: Over the course of the past week, and after two weeks of evaluation and refitting of the G3 unit, the system operated without a hitch. Our objectives for this trial in addition to a successful operation over an extended period were to begin to hone in on the ideal dwell time for the tyre crumb feedstock in the gasification reactor, the optimal injection of steam at various stages of the process, and, of course, the generation of a syngas of greater than 50% hydrogen. The team was successful on all fronts. By varying the operational parameters we were able to create a syngas with an energy value of over 24MJ/m3 or an extremely hydrogen-rich syngas. Our design program has benefited tremendously from these results and were confident in our ability to continue to improve upon them and incorporate the data into our process design.
As previously announced, demonstration visits for interested parties and shareholders will commence upon the completion of summer holidays and will be communicated in due course.
A long time indeed between PHE and AFC, 7 years now and still going, lol.
I managed to average down my holdings to 0.62p a share so very happy in the green at the moment but holding long term. I love the fact Keith Allen keeps his investors upto date with all developments and where we go from here. A breath of fresh air.
In the words of Del Boy "Monge Taut my son, Monge Taut"
Id just like to post my thoughts on the Zak Mirs interview. https://www.powerhouseenergy.net/making-hydrogen-waste-new-disruptive-technology-powerhouse-energy/
Of particular interest from 10:10, Keith states that not only have PHE got first mover advantage but they are also in conversation with major players in the transportation industry, both industrial and consumer. Phe are looking at models where some of those players partner with PHE to provide the Capex for the build-out of the G3.
Earlier in the interview Keith describes how all the initial installations of G3s will be generating electricity to start with and then when the demand arises for automotive hydrogen the G3s in suitable locations can be fitted with the extra kit for hydrogen production and dispensing and that the earnings from hydrogen sales will be 5X that of electrical sales.
So back to the major players in the transport sector, why would they want to put up the cash to roll this out? Or to put the question a better way, why wouldnt they want to put up the cash to roll this out.
The fact is, they need the infrastructure, and in my opinion the margin for PHE when producing hydrogen, is so high that they can offer a deal whereby the partner puts up the Capex for the roll-out in return for cheaper hydrogen.
Lets imagine a major British haulage company wants to get ahead of the curve and introduce hydrogen HGVs, it would be in their interest to finance the capex of the G3 in return for cheaper hydrogen, remember hydrogen is currently twice the price of petrol mile for mile, in this way the haulage company might be able to secure a deal whereby their fuel costs are as cheap as or even possibly cheaper than DERV. Hydrogen is currently £10/kg and PHE could still make excellent profits selling at half that price.
Similar type deals could be stuck with councils, supermarket chains and other large manufacturer/distributors.
Hi BristolDan - we've been here for a long time now. Good to see some upside at last but a long long way to go to recover original purchase price >10p. There's a lot of dilution in between of course. This time next year Rodney.....
PowerHouse Energy Group plc
(?PowerHouse? or ?the Company?)
G3-UHt Demonstration Update
PowerHouse Energy Group plc (AIM: PHE), the company focused on ultra high temperature gasification waste-to-hydrogen, waste-to-energy, and the creator of Distributed Modular Gasification? (DMG) systems, is pleased to announce that after the recent successful re-commissioning and high-temperature operation of the Company?s G3-UHt DMG module (the ?Unit?), the Company has commenced a programme of demonstrations of the technology, testing of various feed stocks and operational parameters, and in-depth analysis of the synthesis gas (syngas) constituents.
It is expected that the demonstrator Unit at Thornton Science Park will be run for an extended period during August in anticipation of a full week of operation in September. During these operational segments the engineering and development teams will be collecting data from a variety of sources integrated throughout the Unit. Subsequent to operation the Unit will be thoroughly inspected and all relevant data reviewed.
Concurrent with the regular operation of the demonstrator Unit, collected data will be fed into process models for the basis of design for the first commercial unit to be constructed. The engineering team has begun this design effort.
It is anticipated that public demonstrations for interested parties, including investors, will be held in September and the Company will provide further details in due course.
David Ryan, Powerhouse Executive Director of Programme Development and responsible for overseeing all Company activities at Thornton Science Park, said: ?This is the beginning of an exciting time for PowerHouse. We now have the tools, the talent, and the G3-UHt in operation to allow us to develop DMG into a commercial reality. We are taking a thoughtful and conservative approach to getting the full-scale design right first time. This will save us development time and cost in the long run.
This cannot mean reducing effort, indeed, we are growing the team to facilitate 24/7 operations in the near term
Hi Artji, yes it has been modelled, based on historical testing results that a syngas with up to 75% hydrogen is possible when using appropriate feed stock and fine tuning, as apposed to the typical 45%.
Have you read the Align report? It's well worth reading.
Thanks for the post on 28th July, t'man, giving a breakdown of possible income streams. But I'm a bit confused about all the gas analysis flying around. You state 1 tonne of hydrogen from 25 tonnes of waste, and hydrogen content up to 75% of the syngas, but in one interview KA said the typical mix of the syngas was 45% hydrogen, 45% carbon monoxide, the rest mostly methane with a very small amount of carbon dioxide.
This may have been explained on the LSE board but, like others, I rarely go there due to the amount of petty point-scoring & bickering that goes on. So please keep posting here as well.
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