Business
Heads of Terms agreed for commercial DMG site
Heads of Terms agreed for commercial DMG site.
About this update from Powerhouse Energy Group Plc
[{"type":"text","content":"\n \n18 December 2017\n\nPowerHouse Energy Group plc(“PowerHouse†or the “Companyâ€)\n\nPowerHouse and Peel Environmental Ltd announce Heads of Terms for siting of initial commercial Distributed Modular Gasification System\n\nPowerHouse Energy Group plc (AIM: PHE), the pioneer in distributed waste-to-hydrogen production, announces that it has reached a Heads of Terms with Peel Environmental Ltd (“Peelâ€), a company at the forefront of developing infrastructure for the waste and environmental technology sectors in the UK, for a 25 year lease to site its initial commercial DMG® System. The new one acre site (“the Siteâ€) is conveniently located near the University of Chester, Thornton Science Park, where the PowerHouse G3-UHt Research Demonstrator is operating.\n\nAfter evaluating a number of sites throughout the UK with Peel and Waste2Tricity Ltd, the Company has determined that this Site represents an ideal location for its first commercial system. The Site has access to the National gas grid, the commercial electrical grid, and also benefits from excellent road and waterway access. \n\nTerms of the lease with Peel are expected to be finalised in the New Year. The Company, working in conjunction with Peel, will immediately commence the planning and permitting process as required, with the signing of the lease contingent upon achieving approvals by the appropriate authorities. Surveying activities and initial site engineering will commence in early 2018 as previously projected by the Company.\n\nKeith Allaun, CEO of PowerHouse, said: “We have achieved yet another exciting milestone for the Company in identifying the site for our first commercial DMG installation. This site is ideal in terms of its transportation access as well as relative proximity to Thornton Science Park.\n\n“The hydrogen economy is rapidly being embraced by automobile manufacturers, and both land-based and maritime industrial transport companies. This location allows us to deliver electricity, road-fuel quality hydrogen, and industrial syngas to clients from multiple sectors.\n\n“Our intention is to build the world’s first DMG® facility here in the Northwest of England where we have enjoyed so much support from local industry, councils, and the Northwest Hydrogen Hub. Our ability to expand on this site is very attractive and will al...