Powerhouse Energy Group plc (LSE:PHE) reported revenue of £437,100 for the six months ended 30 June 2026, including its first third-party revenues, as the company progressed its waste-to-energy technology projects and expanded its international commercial activities.
According to its unaudited interim results, the company recorded gross profit of £199,900, with third-party revenues contributing £379,100. Cash stood at £1.42 million at the period-end.
Powerhouse raised £1.3 million through two fundraisings during the period to support ongoing operating costs and project activities, including work associated with National Waste 2 Energy (NW2E) and its Ballymena development.
The company secured a five-year framework agreement with National Waste 2 Energy, a newly established vehicle of National Hydrogen, covering potential projects in Australia, Italy, Switzerland and Hong Kong.
At Ballymena, Powerhouse continued developing its proposed waste-to-energy facility under a design-build-operate/sell model. The company submitted a planning application and progressed discussions concerning feedstock supply, hydrogen offtake arrangements and project financing.
Powerhouse said the project-finance approach at Ballymena represents an exception to its broader strategy of licensing its technology to third parties.
The group’s engineering consultancy division, Engsolve, reported first-half orders in line with expectations and secured additional contracts in the water and lithium processing sectors.
Meanwhile, the Feedstock Testing Unit at the Powerhouse Technology Centre began generating third-party testing revenue and commercial enquiries. The company said operational data from the unit is being used to refine its Distributed Modular Generation (DMG) technology and inform the design of future commercial installations.
Technical development during the period included optimisation of the syngas burner and feed systems. Powerhouse expects these modifications, together with operational experience from the testing unit, to improve the performance and efficiency of future commercial units.
The company also reported that it now holds 12 granted patents across key geographical markets, supporting its strategy of licensing its waste-to-energy technology internationally.
Powerhouse continues to pursue grant funding opportunities, including work under a HORIZON collaboration with Brunel University.
In management developments, chief executive Paul Emmitt stepped down at the company’s annual general meeting but will remain involved as a consultant. Interim executive chairman David Hitchcock has assumed leadership responsibilities.
Looking ahead, Powerhouse is progressing its project pipeline, with several developments approaching potential final investment decisions during the second half of 2026. The company is also pursuing international commercial enquiries and further licensing opportunities.
Powerhouse develops technology designed to convert non-recyclable waste, including plastics and end-of-life tyres, into synthesis gas that can be used to produce hydrogen, electricity and chemical feedstocks.
Its commercial strategy centres on licensing its DMG technology and generating revenue through licensing fees, royalties and engineering services, alongside selected project development activities.
Leave a Reply