(Sharecast News) - Waste-to-hydrogen technology company PowerHouse Energy announced on Wednesday that planning permission has been granted to Peel Environmental and Waste2Tricity, for the 'DMG' facility at Protos Energy Park in Cheshire.
The AIM-traded firm said the Cheshire West and Chester planning committee approved the planning application made by Peel and W2T for Plot 10b.
It said the application was granted with the expected conditions, and would be complied with by Peel and its construction team.
"We congratulate Peel and W2T on the success of the planning approval for the first facility utilising our proprietary DMG technology," said PowerHouse chief executive officer David Ryan.
"The decision represents a key milestone for PowerHouse and, after developing the technology alongside Protos at Thornton Science Park, we now look forward to working alongside Peel to complete funding and delivering the first commercial application of the DMG technology, creating hydrogen from waste plastics and helping to kick start the hydrogen revolution in the North West."
At 1440 GMT, shares in PowerHouse Energy were down 0.7% at 1.42p.
Powerhouse Ener (PHE)16 Apr 2024 11:57
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