Powerhouse company reported revenues of £373,306 for the first half of 2021, up from £100,000 a year ago, mostly derived from engineering services for the application of the DMG technology at the Protos site. Powerhouse said it is in the final stages of appointing a new chief executive officer and expects to announce the appointment shortly.
The DMG technology, which can transform plastics and waste into hydrogen, is being installed at the Protos Energy Park in Ellesmere Port, Cheshire in conjunction with project partner Peel Environmental. Powerhouse Energy Group PLC ( AIM:PHE, FRA:BT81) had almost £11mln in the bank at the half year stage as it continues to make progress building the first commercial plant using its DMG technology.
