Greece
Hungary
Powerhouse Energy Group plc (AIM: PHE), the technology company commercialising hydrogen production from waste plastic, is pleased to announce that it has agreed to enter into non-binding Heads of Terms with Hydrogen Utopia International (“HUI”) with a view to granting an exclusive non-transferable licence for the application of its DMG® technology in and . Under the heads of terms HUI will pay Powerhouse €250,000, of which €25,000 is payable immediately with the balance becoming payable when the conditions of the heads of terms are satisfied. Powerhouse will continue to receive a licence fee for any DMG® plant which becomes operational in any location so the Company’s worldwide rights to the technology are not affected by these heads of terms.