Hydrogen Utopia seeks Powerhouse licence, says Europe demand growing

Tue, 07th Apr 2026 11:52

(Alliance News) - Hydrogen Utopia International PLC on Tuesday announced a potential co-operation with a Polish energy firm, and that it seeks a promotion licence for certain Powerhouse Energy Group PLC technology.

The London-based developer of technology to convert non-recyclable plastic into hydrogen said it has received a proposed letter of intent from Poland-based energy company Mithra Energy SA. The LoI concerned a potential collaboration to roll out waste-plastic-to-hydrogen conversion facilities in Poland.

The company said its Poland-based team is also in early discussions with counterparties in Slovenia and Croatia.

Hydrogen Utopia or HUI also announced, in connection with the proposed LoI, that it is seeking a non-exclusive licence from Powerhouse to promote its distributed modular generation technology in "selected European markets". Powerhouse is a UK-based, AIM-listed non-recyclable waste-to-energy conversion company.

HUI said this follows "an acceleration in commercial engagement regarding the need for secure energy supplies that are not based on oil and gas feedstock across Central and Eastern Europe." It believes that this may represent "the early stages of a broader regional opportunity" for decentralised European waste-to-hydrogen infrastructure.

"Ongoing geopolitical instability, including the Russia-Ukraine war and broader conflict and instability in the Middle East, has accelerated demand for secure, localised and sustainable energy solutions, positioning the DMG technology as a potentially compelling alternative," HUI added.

It said that "the re-emergence of demand for alternative hydrogen solutions that address both waste management and energy security challenges" could "materially enhance" its commercial profile, by providing exposure to a growing European market. The "scalable, low-capital model" has "potential for meaningful long-term value," it added.

"It is no longer just about a cleaner planet, but about ensuring energy security on a global scale," Chief Executive Officer Aleksandra Binkowska commented. "It's about saving lives here and now, not just for the generations to come. Europe is a market that takes time to mature; however, the level of engagement we are now seeing has been encouraging and, in some cases, notably swift.

"I sincerely hope that Europe now becomes a faster and more robust environment in which to operate, and one where waste-to-energy facilities can truly scale. There is space for multiple solutions, and the growing need for energy security, combined with persistently high energy prices and ongoing geopolitical tensions, should serve as a clear signal to policymakers that the time to act is now.

"Technologies such as ours can play an important role, and we hope to see increased support and a clearer pathway to deployment across the region."

Hydrogen Utopia shares were down 2.8% at 2.63 pence on Tuesday around noon in London.

By Emma Curzon, Alliance News reporter

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