Business
Subsidiary Contract
Subsidiary Contract.
About this update from Powerhouse Energy Group Plc
[{"type":"text","content":"\n\n18 March 2024\n \n\nPowerhouse Energy Group plc\n(\"Powerhouse\", \"PHE\" or the \"Company\")\n \nPowerhouse Energy Group subsidiary appointed to build pioneering production unit to manufacture carbon nanotubes from waste plastic\n \nPowerhouse Energy Group plc (AIM: PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy, is pleased to announce Engsolve's, a 100% wholly owned subsidiary of Powerhouse Energy, appointment for the building and installation of its first production train for TrimTabs, a South Wales based process technology company pioneering the low-cost, sustainable production of carbon nanotubes.\nEngsolve were successfully selected by Trimtabs on its ability to develop pilot scale operations into large industrial scale processes.\nThe new production unit will support the commercialisation of TrimTabs production system, allowing for continuous production of low-cost, highly differentiated carbon nanotubes close to commercial scale. Engsolve's involvement in the development of this cutting-edge technology will aid TrimTabs in their pursuit for the production of sustainable carbon nanotubes.\nThe MVP unit consumes just 15 kW of electrical energy while producing enough nanotubes for hundreds of batteries. The versatility of carbon nanotubes extends across multiple industries including batteries, supercapacitors, fuel cells, concrete, composites, electricity transmission, and superconductors. In particular, the battery industry presents a significant opportunity, with carbon nanotubes offering superior conductivity and lightweight properties. TrimTabs' process ensures compliance with the most rigorous global sustainability standards for battery materials.\nThe installation of this unit will elevate the technology readiness level (TRL) from 6 to 9, marking a substantial advancement in commercial viability. This paves the way for the construction and deployment of the First Commercial Model (FCM)-modular micro-factory units placed within shipping containers. Each micro-factory can produce up to 60 tonnes of CNTs annually for global distribution.\n \nProfessor Alvin Orbaek White, Chief Executive Officer of TrimTabs, commented:\n\"The appointment of Engsolve to build this pioneering production system is a major strategic advancement in our company'...