Powerhouse Energy Group PLC's Strategic Advances in Hydrogen Technology and Patents
Key Ideas
- Engsolve awarded FEED package by National Hydrogen, marking a strategic move towards royalties and licensing.
- Acquisition of Japanese patent signifies global recognition and validation of technology against Japanese competitors.
- FTU progress on schedule, expected to be mechanically complete by year-end, with investor visits planned for early 2025.
- Key milestones ahead include FEED process commencement, FTU mechanical completion, and investor day invitations for a promising 2025.
Powerhouse Energy Group PLC's CEO, Paul Emmitt, provided updates on the company's projects and milestones. Engsolve was awarded a paid FEED package by National Hydrogen, a crucial step in the strategy of royalties and licensing. The Japanese patent acquisition validates the technology globally, positioning it against Japanese competitors. The Feedstock Testing Unit (FTU) progress remains on schedule, with mechanical completion expected by year-end, enabling testing in early 2025. Key upcoming milestones include the start of the FEED process, FTU completion, and investor day invitations, setting a promising outlook for 2025.