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Powerhouse Energy ( (GB:PHE) ) has provided an update.
Powerhouse Energy Group Plc has signed a Letter of Intent with B.S. Holdings Limited to be the exclusive supplier of high-purity hydrogen for BSH’s Fuel Cell H2P project in Ballymena, Northern Ireland. This agreement positions Powerhouse Energy as a key player in the hydrogen energy sector, potentially enhancing its market presence and supporting local net-zero initiatives. The collaboration aims to demonstrate a zero-emission energy delivery model, leveraging Powerhouse’s waste-to-energy technology and BSH’s expertise in hydrogen systems.
More about Powerhouse Energy
Powerhouse Energy Group Plc is a company that has developed technology to convert waste materials like plastic and end-of-life tires into syngas, which can be used to produce hydrogen, electricity, and other industrial products. The company also operates Engsolve Ltd, providing engineering services focused on clean energy and new technologies.
Average Trading Volume: 7,800,476
Technical Sentiment Signal: Sell
Current Market Cap: £22.13M
For a thorough assessment of PHE stock, go to TipRanks’ Stock Analysis page.