Powerhouse Energy (GB:PHE) has released an update.
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Powerhouse Energy Group PLC reports a strategic focus shift towards licensing, royalties, and engineering services after acquiring Engsolve, while also progressing on their Powerhouse Technology Centre and a hydrogen project in Australia. Despite a revenue decrease to £181k in 2023 and an operating loss of £1.8m, the company emphasizes future growth potential and technological advancements in the waste-to-energy sector. Powerhouse remains optimistic about demonstrating commercial viability and delivering shareholder value in the upcoming year.
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