Powerhouse grants HUI licence to market waste-to-energy tech in Europe
Powerhouse Energy Group PLC on Monday said it has granted a non-exclusive licence to Hydrogen Utopia International PLC to promote its technology across selected European markets.
Powerhouse said the agreement will allow HUI to market its Distributed Modular Generation, or DMG, technology, which converts non-recyclable waste into low-carbon energy, including syngas and hydrogen.
Hydrogen Utopia shares were down 7.6% at 3.05 pence in London on Monday afternoon. Powerhouse Energy shares were up 1.4% at 0.37p.
Powerhouse said the licence enables HUI to explore current opportunities and develop additional prospects in central Europe, adding that any project using its DMG technology would still require separate operating licence agreements and associated fees.
Powerhouse Chief Executive Officer Paul Emmitt said the agreement provides Powerhouse with access to an experienced team in central Europe at no cost, at a time when demand for non-fossil fuel energy sources is rising across the European Union.
Separately, HUI confirmed it has entered into a non-exclusive marketing agreement with Powerhouse, giving it the right to promote the DMG technology across Central and Eastern Europe for an initial three-year term.
Under the terms, HUI will identify and submit potential projects to Powerhouse for evaluation, with Powerhouse retaining discretion over whether to enter into operating licence agreements with developers.
HUI said any financial return would be negotiated directly with project developers and would be separate from fees payable to Powerhouse.
The company also announced it has signed a letter of intent with Mithras Energy SA, following interest in deploying the DMG technology in countries including Slovenia and Croatia.
Hydrogen Utopia Chief Executive Officer Aleksandra Binkowska said the agreement marks a renewed push to support hydrogen and waste-to-energy solutions across Europe, amid growing regulatory and energy security pressures.
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