Powerhouse Energy in MoU with Peel Environmental

PowerHouse has inked a Memorandum of Understanding with Peel Environmental Ltd and its subsidiary This is Protos LLP to work together to pursue the development, construction and operation of an energy from waste plant at Peel Environmental's Protos facility near Chester, UK.

This MoU was brokered by Waste2Tricity Ltd in conjunction with the joint development agreement between PowerHouse and Waste2Tricity announced on Jan. 18, 2017.

The MoU, covering a collaboration period until May 1, 2018, set out the basis on which PowerHouse and Peel Environmental would work together.

The joint project envisaged the construction of PowerHouse's first commercial enterprise, utilising the company's G3-UHt system, at the Protos site together with a proposed plan for the delivery of five energy from waste plants.

"There is no certainty that the MoU will proceed to definitive agreements between the parties," said PowerHouse in a statement.

At 9:18am: (LON:PHE) PowerHouse Energy share price was +0.08p at 1.1p