- Powerhouse Energy chairman says Protos project top priority
- PowerHouse Energy Group accept loan deal to advance Protos plant ‘as showcase to the world’
Quick facts: Powerhouse Energy Group PLC
Powerhouse has developed a proprietary process technology – DMG(R) – which can utilise waste plastic, end-of-life-tyres, and other waste streams to efficiently and economically convert them into syngas from which valuable products such as chemical precursors, hydrogen, electricity and other industrial products may be derived. Powerhouse’s technology is one of the world’s first proven, distributed, modular, hydrogen from waste (HfW) process.
The Powerhouse DMG(R) process can generate up to 2 tonnes of road-fuel quality hydrogen and more than 58MWh of exportable electricity per day.
29 Jul 2021
(, )’s executive chairman has said the company’s construction of its first commercial-scale plant at Protos remains its “top priority”.
In an update delivered at its AGM on Thursday, Tim Yeo said the success of the project will “open a worldwide market for our clean technology”.
“This project is being undertaken by Protos Plastics to Hydrogen N0. 1 Limited, the special purpose vehicle (SPV) set up for this purpose. Following discussions with Peel NRE about funding earlier this year Powerhouse agreed to provide the SPV with a short-term loan facility of GBP3.8mln which was announced on 12 May 2021. This facility ensures that long-lead items of equipment will be available timeously to progress the plant. We have already committed to securing orders for some specialist materials so meaning that we can secure a short overall project delivery period from commencement to completion. The loan facility is also enabling early preparatory work to proceed on site.
“Since announcing this facility we have continued to work very closely with Peel with the aim of reaching financial close on the SPV by 31 October 2021”, Yeo said.
02 Jul 2021
() said its partner, Peel NRE, is lined up to supply hydrogen to Element 2’s proposed network of hydrogen refuelling stations.
Peel NRE, Powerhouse’s exclusive development partner for its technology in the UK, is proposing to develop a hydrogen refuelling station that will take hydrogen produced by Powerhouse’s technology from the in-development plastic-to-hydrogen facility at Peel’s Protos site in Cheshire.
30 Jun 2021
Powerhouse Energy PLC () executive chairman Tim Yeo predicted another year of progress for the group driven by the need for zero-carbon energy and to deal with thrown-away plastic.
The group currently has two plants under development with partner Peel NRE and has identified 70 sites suitable for Powerhouse’s waste-to-energy DMG technology.
13 May 2021
‘s () Tim Yeo talks to Proactive London’s Katie Pilbeam with an update on the development at Protos and how it will be used to ‘showcase to the world’.
He explains the rationale behind entering a loan agreement to provide up to GBP3.8 mln to secure long lead time items and project design services in respect of the Protos project prior to securing long-term debt funding arrangements.
With further expansion in Europe, following an agreement for a rollout in Poland and most recently an an agreement to rollout the DMG technology in Greece and Hungary, Yeo is confident their global mission is on track.
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Powerhouse Energy Group PLC’s (LON:PHE) Tim Yeo talks to Proactive London’s Katie Pilbeam with an update on the development at Protos and how it will be used to ‘showcase to the world’.
He explains the rationale behind entering a loan agreement to provide up to GBP3.8 mln to secure long lead…
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