RCS - Powerhouse Energy Gp - Subsidiary Contract

Powerhouse EnergyAnnouncement

18/03/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240318:nRSR1328Ha&default-theme=true

RNS Number : 1328H  Powerhouse Energy Group PLC  18 March 2024

18 March 2024

 

Powerhouse Energy Group plc

("Powerhouse", "PHE" or the "Company")

 

Powerhouse Energy Group subsidiary appointed to build pioneering production
unit to manufacture carbon nanotubes from waste plastic

 

Powerhouse Energy Group plc (AIM: PHE), a company pioneering integrated
technology that converts non-recyclable waste into low carbon energy, is
pleased to announce Engsolve's, a 100% wholly owned subsidiary of Powerhouse
Energy, appointment for the building and installation of its first production
train for TrimTabs, a South Wales based process technology company pioneering
the low-cost, sustainable production of carbon nanotubes.

Engsolve were successfully selected by Trimtabs on its ability to develop
pilot scale operations into large industrial scale processes.

The new production unit will support the commercialisation of TrimTabs
production system, allowing for continuous production of low-cost, highly
differentiated carbon nanotubes close to commercial scale. Engsolve's
involvement in the development of this cutting-edge technology will aid
TrimTabs in their pursuit for the production of sustainable carbon nanotubes.

The MVP unit consumes just 15 kW of electrical energy while producing enough
nanotubes for hundreds of batteries. The versatility of carbon nanotubes
extends across multiple industries including batteries, supercapacitors, fuel
cells, concrete, composites, electricity transmission, and superconductors. In
particular, the battery industry presents a significant opportunity, with
carbon nanotubes offering superior conductivity and lightweight properties.
TrimTabs' process ensures compliance with the most rigorous global
sustainability standards for battery materials.

The installation of this unit will elevate the technology readiness level
(TRL) from 6 to 9, marking a substantial advancement in commercial viability.
This paves the way for the construction and deployment of the First Commercial
Model (FCM)-modular micro-factory units placed within shipping containers.
Each micro-factory can produce up to 60 tonnes of CNTs annually for global
distribution.

 

Professor Alvin Orbaek White, Chief Executive Officer of TrimTabs, commented:

"The appointment of Engsolve to build this pioneering production system is a
major strategic advancement in our company's technological capabilities which
will serve as a catalyst for expanding our product development capabilities
and customer outreach. Utilising this equipment, our team can accelerate the
design iteration process, promptly validate new product R&D, and swiftly
collect customer feedback.

"Central to our innovation strategy, the MVP system stands uniquely designed
to enhance bespoke carbon nanotubes for mass production. This approach aims
for commercial models ready for deployment in modular micro-factory units."

 

Paul Emmitt, Chief Executive Officer, commented:

"We are pleased to have been appointed the contract for the development of the
Trimtabs MVP, reaffirming Engsolve's ability to deliver solutions for new and
exciting technologies. At Powerhouse, we are pleased that our subsidiary is
working with Trimtabs to target the high-tech market for carbon nanotubes."

 

 For more information, contact:

 Powerhouse Energy Group plc                                +44 (0) 203 368 6399

 Paul Emmitt

 Strand Hanson Limited (Nominated & Financial Adviser)      +44 (0) 207 409 3494

 Ritchie Balmer

 James Harris

 Rob Patrick

 Turner Pope Investments (TPI) Ltd (Broker)                 +44 (0) 203 657 0050

 Andrew Thacker

 James Pope

 Tavistock (Financial PR)                                   powerhouse@tavistock.co.uk

 Simon Hudson

 Nick Elwes

 Saskia Sizen

 

About Powerhouse Energy Group plc

Powerhouse Energy has developed a process technology which can utilise waste
plastic, end-of-life-tyres, and other waste streams to convert them
efficiently and economically into syngas from which valuable products such as
chemical precursors, hydrogen, electricity, heat and other industrial products
may be derived.

 

Powerhouse Energy's process produces low levels of safe residues and requires
a small operating footprint, making it suitable for deployment at enterprise
and community level.

 

Powerhouse Energy Group also incorporates Engsolve Ltd, who offer Engineering
Services across all sectors with speciality services in the development of new
technologies and clean energy.

 

Powerhouse Energy is quoted on the London Stock Exchange's AIM Market under
the ticker: PHE and is incorporated in England and Wales.

 

For more information see www.phegroup.com (http://www.phegroup.com)

 

About Engsolve

Engsolve is a multi-disciplined engineering consultancy, that helps answers
the industry's most arduous of problems. Delivering engineering design and
support, cost estimating and control, project management or safety risk
assessments. We are dedicated to delivering engineering solutions that cater
to our clients, whether they are transitioning from high carbon and waste
processes or are pioneers of emerging technologies offering solutions to
today's environmental challenges.

Engsolve's involvement in renewable energy developments and cutting-edge new
technologies aids its clients in their pursuit of a circular economy future.
This commitment leads to brighter and more sustainable outcomes for the
client's business.

 

About TrimTabs

TrimTabs is a Greentech and Deeptech company based in Bridgend, Wales. It uses
a patented process to produce high-quality bespoke carbon nanotubes from
solvents and plastic waste. This innovative solution reduces the cost per gram
of nanotube materials while ensuring high-quality production at scale to meet
growing market demand.

The company was founded in 2019 by Professor Alvin Orbaek White whilst an
Associate Professor at Swansea University, where he worked with Professor
Andrew Barron, the Sêr Cymru Chair of Low Carbon Energy and Environment at
Swansea University. Both Professor Obaek White and Professor Barron are
world-leading experts in the field of carbon nanotubes. Professor Orbaek White
is CEO and Professor Barron is a non-executive director of TrimTabs.

Carbon nanotubes have multiple benefits over many alternative materials:

·    Highly conductive - e.g. 1000 x greater current carrying capacity
than copper

·    Lightweight - e.g. six times lighter than copper

·    One of the strongest materials in the world

·    Very high heat transfer coefficient, 10 to 100 times better than
metals

·    Long lifetime as it does not oxidise

·    Non- flammable

·    It is a carbon sink.

Feedstocks for the TrimTabs process comprise over 200 types of hydrocarbon,
including waste plastics, solvents, reagents, and cleaning fluids.

Multiple applications include the following markets:

·    Batteries

·    Fuel cells

·    Concrete

·    EMI shielding

·    Composites

·    Steel

·    Semiconductors, superconductors and electronics

·    Power transmission

 

-ends-

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAJAMPTMTABBMI