Powerhouse’s development partner, HUI, has raised £3m which will help to secure development progress in Europe as well as fund cashflow to Powerhouse under the existing exclusivity agreement covering Poland, Greece and Hungary. We see the move as helping to de-risk progress outside the UK with HUI looking towards its first waste to hydrogen project at Konin in Poland as well as making early progress at a potential site in Bulgaria.
10 Jan 2022
Powerhouse Energy - Partner Secures Funding
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Powerhouse Energy - Partner Secures Funding
Powerhouse Energy Group PLC (PHE:LON) | 1.0 0 (-4.5%) | Mkt Cap: 43.7m
- Published:
10 Jan 2022 -
Author:
Adam Forsyth -
Pages:
6
Powerhouse’s development partner, HUI, has raised £3m which will help to secure development progress in Europe as well as fund cashflow to Powerhouse under the existing exclusivity agreement covering Poland, Greece and Hungary. We see the move as helping to de-risk progress outside the UK with HUI looking towards its first waste to hydrogen project at Konin in Poland as well as making early progress at a potential site in Bulgaria.