RCS - Powerhouse Energy Gp - Letter of Intent – Hydrogen offtake, Ballymena, NI

Powerhouse EnergyAnnouncement

03/07/2025 07:00

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RNS Number : 4807P  Powerhouse Energy Group PLC  03 July 2025

 

3 July 2025

 

Powerhouse Energy Group Plc

 ("PHE" or the "Company")

 Letter of Intent - Hydrogen offtake, Ballymena, NI

Powerhouse Energy Group Plc (AIM: PHE), a company pioneering integrated
technology that converts non-recyclable waste into low carbon energy with a
revenue generating engineering consulting division ("Engsolve"), is pleased to
announce that it has signed a Letter of Intent ("LoI") with B.S. Holdings
Limited ("BSH"), whereby PHE will be the exclusive supplier of Hydrogen (at
99.999% purity) to BSH's proposed Fuel Cell (Penta) H2P project in Ballymena,
Northern Ireland.

 

B.S. Holdings Limited is a trademarked UK company which specialises in design,
design build and engineering, with a particular focus on hydrogen EHC (electro
chemical hydrogen compressor) and H2P (Hydrogen to power). BSH also has a
patent pending on a fuel cell hydrogen generation unit named Penta and engaged
with Powerhouse as a potential energy supplier in the region.

 

The terms of quantity and duration are subject to agreement with DESNZ,
Ecotricity, SONI and NIE Networks. Given that this is a FOAK (first of a kind)
development project underwritten by DESNZ, PHE would supply Hydrogen at a
price lower than that of both Green Hydrogen and the current UK CfD strike
price.

 

PHE will also assist BSH in other Penta (Combined Heat and Power) CHP projects
within the Mid and East Antrim Council region requiring hydrogen (noting that
PHE is a commercial entity), subject to a battery limit of the production
site. PHE, using Multiple Element Gas Containers (MEGC) trailers for storage,
would be open in future to negotiate the facility to utilise the MEGC trailers
for fuel deliveries to MEA council supported projects, in doing so supporting
the council's drive for net zero and, in particular, net zero manufacturing.

 

BSH will aid PHE with sourcing further commercial clients, introductions to
local companies and provide the Company with priority access to any future
project / developments in which it is involved within NI and the wider UK.

 

Further updates will be provided in due course.

 

Paul Emmitt, Chief Executive Officer of PHE, commented:

"This is a first of its kind agreement and we are delighted to have entered
into the LoI with BSH for this potential DESNZ backed project. One of the key
issues holding back the increased utilisation of hydrogen has been gaining
appropriate offtake agreements.  This LoI has the potential to deliver that
for our Ballymena project.

 

We look forward to working with the BSH team to complete this agreement and
hopefully working together in Northern Ireland."

 

Brian Hood, Chief Executive Officer of BSH, commented:

 

"Without the fuel, the projects will not float, too many times we see great
ideas and advances falter because of inadequacy of fuel and fuel at a sensible
price. We also recognise that Powerhouses raw material use is a circular
economy piece needed across the world. We are delighted to have reached this
agreement and look forward to working alongside them in the delivery of the
project.

 

Our FOAK has the potential to display to the industry an improved way of zero
emission delivery for electricity use, controlling electricity wastage, not
turning off with curtailment. By turning it into a green gas, then using it in
our power stations, when the wind ceases, or as is frequently in Ireland with
PV, a cloudy rain soaked dark day with no generation, we reuse the
transmission line which is unused, now available and generate to the grid."

 

 

For more information, contact:

 

Powerhouse Energy Group Plc

Paul Emmitt, CEO
 
+44 (0) 203 368 6399

 

Strand Hanson Limited (Nominated & Financial Adviser)

Ritchie Balmer / James Harris / Rob Patrick
                                +44 (0) 207 409
3494

 

SP Angel Corporate Finance LLP (Broker)

Stuart Gledhill / Adam Cowl
 
+44 (0) 20 3470 0470

 

Tavistock (Financial PR)

Simon Hudson / Nick Elwes
 
                                +44 (0) 207 920
3150

powerhouse@tavistock.co.uk (mailto:powerhouse@tavistock.co.uk)

 

BS Holdings Ltd

Brian Hood,
CEO
+44 (0) 2890 732 233

 

About Powerhouse Energy Group Plc

Powerhouse Energy has developed a process technology which can utilise waste
plastic, end-of-life-tyres, and other waste streams to convert them
efficiently and economically into syngas from which valuable products such as
chemical precursors, hydrogen, electricity, heat and other industrial products
may be derived. PHE's process produces low levels of safe residues and
requires a small operating footprint, making it suitable for deployment at
enterprise and community level.

 

PHE also incorporates Engsolve Ltd, which is a revenue generating business
offering Engineering Services across all sectors, with speciality services in
the development of new technologies and clean energy.

 

For more information see www.phegroup.com (http://www.phegroup.com)

 

 

 

About B.S. Holdings Limited

 

BSH is a UK registered trademark company. BSH specialises in design and or
design and build M&E engineering systems with a focus on hydrogen,
hydrogen compression and power. The factory already manufactures prepackage
bespoke energy systems offsite production for plug and play. We built the
trigeneration energy cabin for Tesco, the largest at that time in Europe, and
for other innovative technologies we have won many local and national awards.
The technology on offer from BSH will enable the UK to generate grid power
from small power stations collocated with turbines / renewables across the
country in a way which will help reduce curtailment.

 

For more information see www.bsh-limited.com (http://www.bsh-limited.com)

 

 

 

END

 

 

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