PowerHouse Energy Group (PHE)  told investors that it has identified 77 sites across the UK as potential facilities which will utilise the company’s waste-to-energy DMG technology.

The Group, which operates as a sustainable hydrogen company focused on pioneering hydrogen production from waste plastic development, said the development of its UK pipeline will form the springboard for the international expansion of the PowerHouse business model.

In November 2020, Powerhouse signed non-binding Heads of Terms with UK-based company, Hydrogen Utopia International Limited (HUI), with a view to granting HUI an exclusive non-transferable licence for the application of its DMG® technology in the country.

Hydrogen Utopia International, which is a UK-based technology company, was founded in 2020 by Aleksandra Binkowska with the aim to turn Poland and the EU to net positive through using unrecyclable plastic and transforming it into low cost hydrogen and electricity. 

Powerhouse highlighted that progress in Poland to date ‘has been so satisfactory’. The group said it believes that, subject to agreeing a binding agreement with HUI, a first plant in Poland may be commissioned within a similar timeframe to the one proposed at the Protos site.

Shares in PowerHouse Energy Group have more than doubled in value since the beginning of December 2020. The stock was trading 1.90% lower during late morning trading at 6.57p.

The company now intends to examine market conditions in other east and Central European countries later this year and to seek partners in other geographies to work with, adopting a similar business model to that envisaged with Peel NRE in Britain and HUI in Poland.

Powerhouse said its priority now is to ensure that the Protos facility, which will be the first hydrogen facility using its technology, is commissioned and operational by the end of 1Q22.

Tim Yeo, Executive Chairman of PHE said, “This is an exciting year for Powerhouse Energy as we focus on the Protos build and aim to see good progress of our technology in Poland."

He said, “As we look ahead to the all-important United Nation's Climate Change Conference of the Parties (COP26) in Glasgow later this year, we hope Powerhouse technology can be championed as a part of the solution to the world's environmental challenges.”

Follow News & Updates from PowerHouse Energy Group here: