Powerhouse confirms possible DMG plant in Poland

Waste-to-hydrogen technology company Powerhouse Energy updated the market on Monday, following press speculation over the weekend in relation to a potential agreement between ‘DMG’ licensee Hydrogen Utopia International (HUI) and Linde.

The AIM-traded firm confirmed that Linde had finalised a technical feasibility evaluation to deploy the syngas clean-up and hydrogen extraction of Powerhouse’s DMG technology.

HUI and Linde were in discussions to enter into an agreement to develop a plant in Konin, Poland, which would use Powerhouse’s technology.

“There can be no guarantee such an agreement would be finalised and any agreement regarding building a facility would be subject to material conditions including financing, permitting and planning permission,” the board said in its statement.

“Powerhouse will update the market with any further developments at the appropriate time.”

At 1240 BST, shares in Powerhouse Energy Group were 15.91% at 5.89p.