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Shares in AIM-listed waste-to-hydrogen specialist PowerHouse Energy (LON:PHE), which attended last week’s Master Investor “Investing into Alternative Energy” event, climbed by 12.09% to 0.48p (as of 15:05 BST) after technical assurance firm DNV GL certified the feasibility of PowerHouse’s proprietary commercial engineering design for its waste to energy processes.
Chief executive Keith Allaun said: “We sought this Technology Assessment of our engineering design by one of the world’s most highly respected evaluators of new technologies. DNV GL confirms both our technology design and the rigour of our engineering approach. Our team has worked relentlessly over the last 18 months to get the DMG® technology to its existing commercialisation phase.
“This independent assessment of our proprietary DMG® Technology adds further credibility to the considerable scope that exists for its commercial application globally in the many sectors where efficient and responsible use of non-recyclable and waste plastics and end of life tyres as well as the creation of clean energy has a role to play.
“We would not be here today without the efforts, patience, and forward-thinking of all of the stakeholders in PowerHouse: our team, our partners, and our shareholders. The Board looks forward to further progress as we drive forward with the commercialisation and licensing strategy“.