POWERHOUSE ENERGY GROUP PLC - Loan Facility to Protos Project SPV
PR Newswire
Loan Facility to Protos Project SPV
Powerhouse Energy Group plc (AIM: PHE), the sustainable hydrogen company pioneering hydrogen production from waste plastic, is pleased to announce that the Company has agreed to enter into a loan agreement to provide up to £3.8 million to Protos Plastics to Hydrogen No. 1 Limited, the Peel NRE Special Purpose Vehicle (the SPV ). The loan is to progress the development of the Protos plant, the first proposed commercial application of Powerhouse s DMG waste plastic to hydrogen technology, which it is expected will be licensed to the Peel NRE SPV. Peel NRE is a group company of the Peel Group.
POWERHOUSE ENERGY GROUP PLC - Exclusivity agreement - technology in Greece and Hungary
PR Newswire
Powerhouse exclusivity agreement to deploy technology in Greece and Hungary
Powerhouse Energy Group plc (AIM: PHE), the UK 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 Greece and Hungary. 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.