Powerhouse Energy Group Secures Major Hydrogen Contract in Australia
Key Ideas
- Powerhouse Energy Group's consulting division, Engsolve, awarded a £350,000 FEED study contract for National Hydrogen Ltd in Australia.
- The agreement signifies a strategic partnership between Powerhouse and National H2 for hydrogen projects in multiple countries.
- The allocated site in Western Australia is well-suited for electricity and hydrogen production, with plans for two Powerhouse DMG plants.
- The contract is set to commence in January, with expectations of significant growth and revenue generation for both parties by 2025.
Powerhouse Energy Group PLC announced that its consulting arm, Engsolve, has secured a £350,000 Front-End Engineering Design (FEED) study contract with National Hydrogen Ltd of Australia (National H2). This partnership stems from National H2's existing licensing and royalties framework agreement with Powerhouse. The two companies have also acquired a prime two-hectare site in Western Australia's East Rockingham, strategically positioned for electricity and hydrogen production. This site is expected to house two Powerhouse DMG plants, demonstrating a commitment to advancing sustainable energy solutions. The scheduled commencement of the FEED study in January marks a significant milestone and is projected to pave the way for future projects in countries like Australia, Italy, Switzerland, and Hong Kong utilizing Powerhouse technology. Paul Emmitt, CEO of Powerhouse, anticipates a promising future as this collaboration unfolds, expressing confidence in the growth opportunities presented by the agreement with National Hydrogen. With plans to not only progress the Western Australia venture but also explore new opportunities, both companies are poised for an exciting journey towards establishing themselves as key players in the hydrogen sector by 2025.