POWERHOUSE ENERGY GROUP PLC ORD (PHE) Stock Price & Chart | Trade Now

About Powerhouse Energy Group PLC

Powerhouse Energy Group plc is a United Kingdom-based company that provides Distributed Modular Generation (DMG) technology. The Company is engaged in the business of hydrogen production from waste plastic and used tires. DMG technology is hydrogen from the waste process and it produces low levels of safe residues. The Distributed Modular Generation technology utilizes waste plastic, end-of-life tires, and other waste streams and converts them into syngas from products, such as chemical precursors, hydrogen, electricity and other industrial products. The Company licenses the DMG control systems with associated paid services for specific client feedstock analysis and laboratory services, engineering during project development, and then operational support services. The DMG process can generate up to two tons of road-fuel quality hydrogen and more than 58 megawatt-hours (MWh) of exportable electricity per day.

Financial summary

BRIEF: For the six months ended 30 June 2021, Powerhouse Energy Group PLC revenues increased from £100K to £373K. Net loss increased 23% to £1.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Administrave expenses increase of 73% to £1.1M (expense).