Powerhouse Energy (LON: PHE) announced on Friday that it has appointed engineering consultancy, SWECO, to prepare concept design and an environmental impact assessment report for its waste-to-hydrogen project in Konin, Poland.
Powerhouse shares are currently up 1.61% at 5.68p. They are down 42.98% for the year-to-date.
Hydrogen Utopia International, which signed a licence agreement with Powerhouse to apply its technology in Poland, has signed a deal with SWECO through its Polish subsidiary Hydropolis United.
Tim Yeo, Executive Chairman of Powerhouse Energy, 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”.
Should you invest in Powerhouse Energy shares?
Powerhouse Energy shares are traded on the London stock exchange's AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are Powerhouse Energy shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies