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An update from Powerhouse Energy ( (GB:PHE) ) is now available.
Powerhouse Energy Group Plc has announced the mechanical completion of its Feedstock Testing Unit (FTU), a key milestone in showcasing its DMG Technology. This completion is timely and budget-compliant, marking significant progress in the company’s technology development and operational goals. The FTU’s completion sets the stage for the ‘hot’ commissioning phase and will allow Powerhouse to demonstrate its capabilities to investors and clients in early 2025. The company has also resolved patent challenges and secured agreements, positioning itself strongly for the upcoming year, with plans to further develop its offerings and explore new business opportunities.
More about Powerhouse Energy
Powerhouse Energy Group Plc is a company specializing in integrated technology that converts non-recyclable waste into low carbon energy. It also operates Engsolve Ltd, a revenue-generating engineering consulting division. The company focuses on technology development for converting waste streams such as plastic and tyres into valuable products like syngas, hydrogen, and electricity, with a minimal operating footprint and safe residues.
YTD Price Performance: 182.89%
Average Trading Volume: 6,280,398
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £45.11M
See more insights into PHE stock on TipRanks’ Stock Analysis page.
