Powerhouse Energy Group PLC (AIM: PHE) shares jumped 7% after announcing it is nearing the completion of its Technical Centre in Bridgend, Wales.
Specializing in converting non-recyclable waste into low-carbon energy, Powerhouse confirmed the mechanical completion of critical components within its Feedstock Testing Unit (FTU).
The Thermal Conversion Chamber kiln, delivered in June, has been repositioned and mechanically completed. Additionally, a gas clean-up system from German supplier VUM has been installed in its final position.
These developments mark a crucial step towards the operational readiness of the FTU.
The company has also completed full geotechnical and topographical surveys necessary for the placement of water and nitrogen storage tanks. With these surveys finalized, civil engineering works are set to begin in September 2024.
The FTU is designed to transform 2.5 tonnes of waste per day into Syngas, capable of producing approximately 250kW of electrical power or 200kg of hydrogen daily, depending on the feedstock.
Initially, the FTU will be used for research and development as well as demonstrations for investors and customers.
“Using our in-house engineering capabilities and local suppliers allows us to be flexible and efficient. With no large outstanding items, we can now focus entirely on the mechanical completion, preparing the control system, and readying the external area for tank deliveries,” said Paul Emmitt, CEO of Powerhouse Energy.
The installation and commissioning of the FTU are expected to be completed by mid to late Q4 2024.
