Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Powerhouse Energy granted patent for waste treatment tech

(Sharecast News) - Powerhouse Energy, the energy tech group that converts non-recyclable waste into low carbon energy, has been granted a patent for a new method of treating waste material. The AIM-listed company announced on Friday that the European Patent Office has fully granted its application for a patent, which relates to the control of the heating of waste within a Thermal Conversion Chamber (where the conversion of waste feedstock to a syngas takes place).

Powerhouse said its new technology allows the temperature profile in the TCC to be adjusted to give the optimal syngas composition.

"The UK and Europe are expected to become key markets and the granting of patent protection in these territories is therefore an important step for the company," the company said.

"PHE continues discussions with a number of clients, from a diverse range of industries and sectors, each of which requires a solution for their waste and are seeking to reduce reliance on virgin fossil fuels.

The stock up 1% at 0.51p by 1128 BST.

Share this article

Related Sharecast Articles

De La Rue's £300m authentication unit sale expected to close in May
(Sharecast News) - Banknote printing business De La Rue said on Monday that the £300.0m sale of its authentication business was now expected to close at the beginning of May.
Topps Tiles shares trade lower despite H1 sales growth
(Sharecast News) - Shares in floorings retailer Topps Tiles headed south on Wednesday after it said trading had started slowly in January but stated volumes had begun to improve through February and March.
Peel Hunt FY25 losses seen lower than previously expected
(Sharecast News) - Investment bank Peel Hunt announced on Tuesday that FY25 losses would come in lower than previously expected thanks to cost-cutting efforts made throughout H2.
Hunting secures $38m of new contracts
(Sharecast News) - Precision engineering firm Hunting said on Monday that its subsea technologies arm had secured a number of new contract wins totalling $38.0m.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.