Powerhouse Energy Group (LSE:PHE) has become a participant in JUST-CIRCLE, a Horizon Europe Innovation Action programme backed by the European Union and valued at €5.85 million. The project, coordinated by Brunel University’s business school, brings together 14 organisations from nine countries to advance circular economy practices across a range of industries.
The initiative will focus on developing and validating new approaches to sustainability accounting, lifecycle assessment and circular business model innovation. Areas of application include agriculture, waste-to-energy, food services and circular water reuse, with the consortium aiming to create practical frameworks that can be adopted across multiple sectors.
As part of the programme, Powerhouse Energy will contribute its waste-to-energy expertise and operational data to support project activities. The company expects to receive approximately £225,000 under the consortium agreement, with 70% of the project funded through grant support. Management views participation in JUST-CIRCLE as both a high-profile collaboration and an opportunity to influence future sustainability and circular economy methodologies, while further strengthening the group’s position within the European low-carbon and resource recovery landscape.
Despite this strategic development, Powerhouse Energy’s investment outlook remains constrained by weak underlying financial performance. The company continues to report losses, negative cash flow and declining revenues, while technical indicators remain broadly bearish. Although involvement in initiatives such as JUST-CIRCLE demonstrates ongoing commercial and strategic progress, these advances have yet to offset the financial and operational challenges facing the business.
More about Powerhouse Energy
Powerhouse Energy Group is a UK-listed clean energy technology company that develops systems to convert non-recyclable waste streams, including plastics and end-of-life tyres, into syngas. The resulting syngas can be used in the production of hydrogen, electricity, heat, chemical feedstocks and other industrial products. The company’s technology is designed to minimise residual waste and operate on compact sites suitable for local deployment. Powerhouse Energy also owns Engsolve, an engineering consultancy that provides services focused on clean energy solutions and emerging technologies.
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