PowerHouse Energy signs collaboration agreement

PowerHouse Energy Group plc (LSE:PHE), the UK company that has developed technology that converts waste plastic into hydrogen, has signed a collaboration agreement to develop a minimum of 10 further sites in the UK.

As part of the agreement with Peel Environmental and Waste2Tricity, PowerHouse’s DMG technology will be used to ensure there is no waste plastic at these facilities by converting the plastic into power and hydrogen. No financial details about the deal were provided.

The share price was unchanged on the news and the shares currently trade at 0.005p.