Shares of hydrogen technology company Powerhouse Energy (LON: PHE) are sliding after the announcement it has ordered the critical key alloy material used in the manufacture for the DMG Advanced Thermal Conversion Technology process.
It will be installed at the first plastic to hydrogen facility, located at Peel NRE’s – part of Peel L&P – strategic energy and resource hub Protos in Ellesmere Port.
The alloy material, which was selected after four years of research by Powerhouse, has been ordered by Protos Plastics to Hydrogen No. 1 Limited, the Peel NRE special purpose vehicle.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
The process was funded from the recent loan agreement from Powerhouse Energy, which will provide up to £3.8 million to the special purpose vehicle.
“Over four years of the technology development team’s work has gone into this procurement decision. I would like to thank all involved, including Peel NRE for their commitment and I look forward to seeing the material worked into the Protos chamber fabrication later in the year,” said David Ryan, CEO of Powerhouse Energy Group.
Powerhouse Energy’s share price is trading down 1.48% at 6.01p.
Should you invest in Powerhouse Energy shares?
Powerhouse Energy shares are traded on the London stock exchange’s AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are Powerhouse shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
