Powerhouse Energy has more than doubled its H1 pretax loss to $1.3m, from a loss of $0.5m. Revenue was nil. Administrative expenses were materially higher at $0.9m, from $0.2m.
"We have created, and tested, the G3 System; a technology that we believe is unparalleled in its capability, its efficiency, its economy, and its environmental contribution. It is time to begin selling," the company said.
"Our commercial focus for the remainder of 2016 is to develop partner relationships to successfully deploy the G3 System technology for the elimination of municipal solid waste.
"We would be disappointed if construction of the first commercial facilities utilising the G3 System were not completed within the next 12 months."