RE: Catching up on recent news12 Sep 2020 00:33
In February 2020, PowerHouse announced the entry into the Peel Supplemental Agreement with Peel,
W2T and W2T Protos under which it was agreed that Peel will take lead responsibility for the
development and funding strategy of the first five of the earlier announced eleven projects. This Peel
Supplemental Agreement contains commercial arrangements regarding the monetisation of the DMG
Technology at the Protos Site and subsequent sites which includes the payment by Peel of a £500,000
annual licence fee per project to PowerHouse starting when each project is commissioned (PHE
Licence Fee), and the immediate commitment to pay PowerHouse £100,000 in historic costs.