Powerhouse Energy Group (LSE:PHE) has entered into a 25-year lease agreement for a 1.98-acre fully serviced plot at Silverwood Business Park in Ballymena, Northern Ireland. The site is earmarked for the development, ownership and operation of a waste-to-hydrogen plant with a planned processing capacity of 40 tonnes of waste per day.
Operational and financial highlights
The proposed facility is designed to convert landfill-destined waste into ultra-high-purity hydrogen (99.999%), targeting end uses such as transport fuel. The project aligns with Ballymena’s ambition to establish itself as a regional hydrogen hub, working alongside local stakeholders including Wrightbus, Translink and Mid and East Antrim Borough Council. The lease is conditional on the project securing planning consent, but nevertheless represents a meaningful step forward in Powerhouse Energy’s commercial deployment strategy and its positioning within the early-stage hydrogen economy.
From an investment standpoint, the outlook continues to be dominated by financial and technical headwinds. The group remains loss-making, with negative cash flows and declining revenues, while share price indicators point to a bearish technical backdrop. Although recent corporate developments demonstrate strategic intent and project momentum, they are not yet sufficient to offset the underlying financial and market challenges.
More about Powerhouse Energy Group
Powerhouse Energy Group is a UK-listed clean technology company that has developed proprietary process technology to convert waste plastics, end-of-life tyres and other non-recyclable waste streams into syngas. This syngas can be used to produce hydrogen, electricity, heat and chemical feedstocks. The group also owns Engsolve, a revenue-generating engineering services business that supports the design and delivery of new technologies and clean energy projects, enabling deployment of Powerhouse’s solutions at both community and industrial scale.
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