PowerHouse Energy welcomes SWECO as advisor to Konin project in Poland

Francesca Morgan
Vox Newswire
08:54, 11th June 2021

PowerHouse Energy (PHE FOLLOW) said the engineering consultancy, SWECO, has been appointed to help roll out Powerhouse’s technology at the waste-to-hydrogen project in Konin, Poland. 

The UK technology firm focused on commercialising hydrogen production from waste plastic said SWECO was appointed by its Polish partner, Hydrogen Utopia International (HUI), to prepare the concept design and an environmental impact assessment report for the project. 

The appointment follows a non-binding heads of terms which Powerhouse Energy Group signed with HUI in November last year for the application of its technology in Poland. 

Tim Yeo, Executive Chairman of Powerhouse said: "We are delighted SWECO has been appointed to help rollout Powerhouse Energy technology in the city of Konin, Poland.  The rollout in Europe of Powerhouse Energy technology is underway and it will soon be helping Poland on their clean energy transition, helping it meet its net zero targets.” 

Shares in PowerHouse Energy have increased by over 16% in value over the past month. The stock was trading 0.18% higher this morning at 5.6p following the announcement. 

PHE price chart

SWECO said it believes that the DMG® solution can tackle the global growing plastic waste problem. Commenting on this, SWECO’s Energy Department Director, Dariusz Czerniak said, "It is our privilege to work closely with Hydrogen Utopia International on the PHE DMG® system, as it is a novel, 4.0. technology. The DMG® system will also enhance the transition of the hydrogen economy and we are proud to be a part of this exciting future for Poland". 

Aleksandra Binkowska, CEO of HUI said: "The DMG® system is a global revolution and it is reassuring to have SWECO on my side to build the first one in Poland. I am sure that this is just the beginning of a long-standing and prosperous alliance between the two Companies.” 

She added, “The ultimate goal is to build at least ten systems in Konin in order to create the first Polish Centre of Hydrogen. It was my vision and it is a privilege to turn this vision into reality together with SWECO". 

Earlier this year Powerhouse Energy Group also agreed to sign non-binding Heads of Terms with Hydrogen Utopia International ("HUI") with a view to granting an exclusive non-transferable licence for the application of its DMG® technology in Greece and Hungary. 

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