Powerhouse Energy Group has agreed on a heads of terms with Hydrogen Utopia International for a proposed joint development of a site at Lanespark in Tipperary in the Republic of Ireland. HUI and Powerhouse have agreed, in principle, to establish a joint venture vehicle owned equally by each company to which PHE and HUI would contribute development costs for the Lanespark Project on 50:50 basis. It is anticipated the Lanespark Project would, if developed, lead to PHE’s first operational full scale waste plastic to hydrogen facility outside of the UK. Powerhouse also continues to support and be the technology provider to Peel NRE nd its SPV at Protos Strategic Energy & Resource Park in Cheshire in UK.
Powerhouse Energy Group has agreed on a heads of terms with Hydrogen Utopia International for a proposed joint development of a site at Lanespark in Tipperary in the Republic of Ireland. HUI and Powerhouse have agreed, in principle, to establish a joint venture vehicle owned equally by each company to which PHE and HUI would contribute development costs for the Lanespark Project on 50:50 basis. It is anticipated the Lanespark Project would, if developed, lead to PHE’s first operational full scale waste plastic to hydrogen facility outside of the UK. Powerhouse also continues to support and be the technology provider to Peel NRE nd its SPV at Protos Strategic Energy & Resource Park in Cheshire in UK.
