9th Nov 2015 08:23
LONDON (Alliance News) - PowerHouse Energy Group PLC on Monday said demonstration and review for its G3-UHt gasification system has started in Central Europe before a group of representatives of an unnamed municipal and regional government.
Though some minor issues were found with the electrical generation unit in the system, those present expressed an interest in starting commercial talks with the company for the potential acquisition of a commercially-operating G3-UHt system, PowerHouse said.
The talks have started and will continuing in coming months, the company added.
PowerHouse shares were up 26% on the news to 1.5475 pence, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Powerhouse Ener