£15m backing for Powerhouse hydrogen technology
Powerhouse Energy Group has raised £5m and agreed a separate deal for a potential investment of up to £10m as part of the development of its technology to produce hydrogen from waste plastic.
The money is to support the first commercial-scale installation at Protos, a Peel L&P energy park development near Ellesmere Port, Cheshire.
Powerhouse, an AIM-listed business based near Bradford, says the technology it has developed is "one of the world's first proven, distributed, modular, hydrogen from waste (HfW) process".
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