IN BRIEF: Powerhouse Energy to deploy technology in Greece, Hungary

Powerhouse Energy Group PLC - sustainable hydrogen technology company - Agrees to enter into non-binding heads of terms with Hydrogen Utopia International to get an exclusive non-transferable licence for the application of its DMG technology in Greece and Hungary. Under the deal, Hydrogen Utopia will pay Powerhouse EUR250,000, of which EUR25,000 is payable immediately with the balance becoming payable when the conditions of the heads of terms are satisfied. Powerhouse will continue to receive a licence fee for any DMG plant which becomes operational in any location so the company's worldwide rights to the technology are not affected by these heads of terms.

Current stock price: 5.51 pence, up 14% on Monday

Year-to-date change: down 44%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

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