Business
Signing of Agreement to Lease Site in Ballymena
Powerhouse Energy Group plc has signed a 25-year lease agreement for a 1.98-acre site at Silverwood Business Park in Ballymena, Northern Ireland, with an initial 12-month rent-free period. The company plans to construct and operate a 40 tonnes per day waste-to-hydrogen facility on this site, aiming to convert waste destined for landfill into high-purity hydrogen. Discussions are underway for feedstock and offtake agreements, and a planning application will be submitted shortly, with its approval being a condition for the lease to become effective. Disclaimer*
About this update from Powerhouse Energy Group Plc
[{"type":"text","content":"\n\n\n\n26 January 2026\n \nPowerhouse Energy Group plc\n(\"Powerhouse\" or the \"Company\")\n \nSigning of Agreement to Lease Site in Ballymena\n \nPowerhouse Energy Group plc (AIM: PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy with a revenue generating engineering consulting division (\"Engsolve\"), is pleased to announce that it has signed an agreement to lease (the \"Lease Agreement\") for a 1.98 acre serviced site at Silverwood Business Park, Ballymena, Northern Ireland.\n \nTerms of the Lease Agreement:\n \n· Site owner: Silverwood Business Park Ltd.\n· Site address: Silverwood Business Park, Ballymena, County Antrim.\n· Annual rent: An initial rent-free period of up to 12 months and, thereafter, subject to five yearly reviews.\n· Length of agreement: Lease is for a 25-year term. \n· Break clause: A tenant break clause on the fifth anniversary of term commencement.\n \nPowerhouse plans to build, own and operate a 40 tonnes per day (TPD) waste to hydrogen facility at the site. The facility is intended take 40 TPD of waste destined for landfill and convert it into 99.999% pure hydrogen for a variety of uses, including transport. Discussions are already taking place on feedstock and offtake agreements.\n \nThe Company will shortly submit the required planning application to the Mid and East Antrim Borough Council, and a further announcement will be made once this has been submitted. Approval of the planning application is a condition to the Lease Agreement becoming effective.\n \n \nCommenting on the Lease Agreement, Paul Emmitt, Powerhouse CEO, said:\n \n\"This is a major step forward for the Company. Ballymena is set to become the Hydrogen Hub of Northern Ireland, with the organisations including Wrightbus, Translink and the Mid and East Antrim Borough Council all focused on developing the hydrogen economy in Northern Ireland.\"\n \n-ENDS-\n\n\n \n \nFor more information, please visit www.phegroup.com or contact:\n \n\n\n\n\nPowerhouse Energy Group plc\n\n\n\n\n\n\n\nPaul Emmitt, CEO\n\n\nVia Tavistock below\n\n\n\n\nBen Brier, CFO\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nStrand Hanson Limited (Nomin...