Powerhouse Energy building a royalty gas production business
While in a close period the chief executive of Powerhouse Energy (PHE), Paul Emmitt, caught up with IGTV to discuss the company’s business model.
From receiving money, to taking waste from local recycling centres, through to the sale of its off-take that is being produced by the proprietary processes of transforming that waste into usable ‘syngas’, or synthetic gasses. Emmitt explains the business has recently been restructured and changed the business model into becoming a licencing company rather than one which owns the plants. This year PHE is now targeting licencing of gas production in Australia.
(AI Video Summary
Powerhouse Energy Group
Powerhouse Energy Group has created a brilliant way to turn trash, like plastics and tires, into useful gas. They use a special machine called a kiln that heats up the waste, transforming it into synthetic gas and leftover residue. The synthetic gas is then cleaned up and the hydrogen is separated to be used in other processes. The remaining gas is used to power the machine and generate electricity right on-site. This amazing gas can be used for lots of things, like fueling big trucks and replacing natural gas in factories.
Right now, Powerhouse Energy Group makes about 2.5 tons of hydrogen every day from 40 tons of waste. They get the waste from places that can't recycle it, and they even get paid to take it! The waste they use is already in the right condition for their process, so they don't have to spend any extra money on filtering. They also make money by selling the hydrogen and power they produce.
The company is really proud of their special process and has three patents pending to protect it. They've even figured out a clever way to control the kiln with an algorithm, so they can adjust it for different kinds of waste. Instead of building and operating their own plants, they've decided to let other companies use their technology under a licensing agreement. And they already have potential projects lined up in Australia, Italy, Switzerland, and Hong Kong.
The company's upcoming goals
The CEO of Powerhouse Energy Group believes that hydrogen will be in high demand in the future, especially as a replacement for natural gas in factories and for heavy vehicles. But he doesn't think hydrogen will be used by regular households. In the next year, the company's goals are to find funding for their projects in Australia, start their project in Ballymena, and set up a test plant in Bridgend. When big news is announced about the company, the price of their shares goes up, and there are some large investors who own a lot of shares in the company.
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