Member Info for Piltick

There is a a difference between the site works going on at the moment, which is being carried out by Peel's contractors to complete the overall Protos site infrastructure, and the actual building works which will be done on plot 10B later. That will be the responsibility of whoever is managing the SPV company (currently Myles Kitcher) and will be carried out by contractors yet to be appointed by the SPV. We have been told that they expect to appoint these contractors during September.

Can't remember where I read it, but Peel have said that the tenders were issued earlier this year and they expect to appoint the building contractor for Plot 10B in September. So no reason why they can't get started on the buildings in Q4 this year.

They are working together, so I have no concerns about conflict.
But I would like PHE and Peel to get the finger out!

I do think that Peel, PHE and the local authority ought to address this issue head on and not hide behind the sofa.

I'm sure we'll all be there, Tatty!

My feeling is that when they talk about two different technologies, they really mean two different processes, but I am convinced that it is the same basic technology at the core in the chamber.

Could be wrong of course, but logically if it took PHE 10 years to develop the technology it seems rather unlikely that HUI could do a similar job in less than a year.

Probably on the back of yesterday's podcast.

Going up nicely today, probably on the back of yesterday's podcast.

Sunday roast podcast, Tatty.

https://audioboom.com/posts/8134697-the-sunday-roast-special-featuring-hydrogen-utopia-international-ceo-aleksandra-binkowska-and-ex

https://audioboom.com/posts/8134697-the-sunday-roast-special-featuring-hydrogen-utopia-international-ceo-aleksandra-binkowska-and-ex

I would be interested to know how they are getting on with their ammonia based fuel cell and cracker for ships. I believe that there is enormous potential for this system in all kinds of ships, and I'm hoping that we may get an update in the not too distant future.

They don't have to be built one after the other!

...during September...

I read somewhere that Peel (on behalf of the SPV) expects to sign off with the selected contractor doing September. I must admit that I was hoping for something before September!

Connections, probably!

Thanks LedZep. Much appreciated!

mja, thanks for your comments. I suspect that the PHE loan will not be repaid in cash but will be transformed into shares in the SPV, and perhaps PHE will have to add a bit more as well. It depends what % holding PHE will end up with.

For me, 31st August is a crucial date. By that date Financial Close for the SPV is due to be complete. That means that the shareholders of the Protos SPV should have come up with the funds, which could be any combination of PHE, Peel, and/or ANO. And the loan from PHE to the SPV should be repaid.

Also by 31st August a decision needs to be made regarding Peel's exclusivity agreement for development of the DMG systems throughout the UK, whether the agreement is to be confirmed or cancelled. I'm hoping that they will not have exclusivity except to develop the systems on their own sites.

I read somewhere recently that they (i.e. the SPV) intend to select and sign up with the building contractors in September. Nevertheless, I expect that Peel will carry out the site infrastructure works before then as that falls to Peel and not the SPV.

ILEO:
https://www.powerhouseenergy.co.uk/investor-hub/significant-shareholders/