Powerhouse signs exclusive sustainable hydrogen agreement in Greece, Poland, Hungary

Powerhouse Energy Group Plc (LON stock symbol PHE), has announced that it has signed a binding exclusivity agreement for its sustainable hydrogen energy technology in Greece, Poland and Hungary.

As previously reported on Hydrogen Fuel News, Powerhouse uses non-recyclable plastic waste that would otherwise end up in landfills and converts it into sustainable hydrogen fuel. The new agreement is with Hydrogen Utopia International Plc (HUI), and it has provided the company with an exclusive non-transferable license for its technology application in the three countries.

With this agreement, Powerhouse intends to license developers for delivering facilities that will provide environmentally friendly energy products into the future. The company has already secured its first licensee, Peel NRE, a part of Peel L&P. That company will be rolling out the H2 production tech across UK sites.

“We are delighted to have formalised HUI’s exclusivity arrangements for DMG® with Powerhouse for Poland, Greece and Hungary. HUI will use its local networks and relationships in the countries licensed to it to help secure project approvals, finance and technical expertise to facilitate the deployment of DMG® technology. This will bring us closer towards our mission to accelerate the development of a circular and net zero carbon economy in Europe,” said HUI CEO Aleksandra Binkowska in a news release announcing the sustainable hydrogen agreement.

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