Sustainable hydrogen company Powerhouse Energy Group has signed a binding exclusivity agreement to deploy its clean energy technology in Poland, Greece and Hungary.
The agreement with Hydrogen Utopia International (HUI) grants the company an exclusive non-transferable licence for the application of the technology, which recycles plastic and waste into valuable clean energy products, across Poland, Greece and Hungary.
“Powerhouse is pleased to sign this binding exclusivity agreement with HUI which is a champion of our technology, driving its rollout across Poland, Greece and Hungary,” said James Greenstreet, Non-Executive Chairman of Powerhouse Energy Group. “This builds on our announcement of 12 November 2020 and is part of our long-term vision for DMG technology to be deployed internationally, helping the world transition to clean energy whilst providing a solution to end-of-life plastic.”
DMG is a revolutionary new UK developed type of Chemical Recycling that converts waste plastic and other high calorific value waste, such as used tyres into clean energy, recovering the maximum amount of energy without creating harmful by-products through an innovative approach to waste management. The process involves the waste materials being broken up and shredded into similar size pieces to allow feeding into the DMG Thermal Conversion Chamber, where the waste is converted into clean energy. The end product is a clean syngas which is similar in calorific value to the Natural Gas currently used for cooking and heating homes. The whole process leaves behind a few inert harmless residues which are typically less than 5 per cent of the starting volume of waste material. The energy-rich syngas is then further processed to generate electricity and hydrogen which is 99.999 per cent pure and which can be used for a variety of purposes, including use in Hydrogen Fuel Cell Electric Vehicles, which do not have the recharging time restrictions of conventional electric vehicles.
Powerhouse’s aim is to license developers to deliver facilities that improve the environment for future generations.
“We are delighted to have formalised HUI’s exclusivity arrangements for DMG with Powerhouse for Poland, Greece and Hungary,” said Aleksandra Binkowska, CEO of HUI. “HUI will use its local networks and relationships in the countries licensed to it to help secure project approvals, finance and technical expertise to facilitate the deployment of DMG technology. This will bring us closer towards our mission to accelerate the development of a circular and net-zero carbon economy in Europe.”
The most important current project being undertaken jointly between Powerhouse and HUI is the deployment of the first DMG plant in Konin, Central Poland. The first installation will convert 40 tonnes per day of plastic waste into 58 megawatts-hour (MWh) of renewable electricity and 2-3 tonnes per day of clean hydrogen. Hydrogen will be used locally as a fuel for city buses and other heavy-duty vehicles, as well as for passenger cars. The DMG system will also be used to provide heat to the citizens of Konin via a Central Heating System. On completion, the project will create 200 – 300 jobs, which will assist the City of Konin in rebuilding itself to its former historic grandeur. It is believed that this project will be the blueprint for other European countries in terms of how to tackle their environmental and economic issues.
In Greece, the subsidiary of Hydrogen Utopia, Plastic Gold, has signed a letter of intent with the Mayor of Florina, Vasileios Giannakis, a city in West Macedonia to deploy a DMG system initially designed to generate electricity. HUI is also actively searching for opportunities in the Greek islands, where the supply of electricity is a constant issue and there is substantial interest in the DMG technology.
Finally, in Hungary, HUI is at the early stages of discussions with the Hungarian University to deploy a full-scale DMG R&D project.
