REG - Powerhouse Energy Gp - Signing of Agreement to Lease Site in Ballymena

Powerhouse EnergyAnnouncement

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RNS Number : 2379Q  Powerhouse Energy Group PLC  26 January 2026

26 January 2026

 

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

 

Signing of Agreement to Lease Site in Ballymena

 

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 an agreement to lease (the "Lease Agreement") for
a 1.98 acre serviced site at Silverwood Business Park, Ballymena, Northern
Ireland.

 

Terms of the Lease Agreement:

 

·    Site owner: Silverwood Business Park Ltd.

·    Site address: Silverwood Business Park, Ballymena, County Antrim.

·    Annual rent: An initial rent-free period of up to 12 months and,
thereafter, subject to five yearly reviews.

·    Length of agreement: Lease is for a 25-year term.

·    Break clause: A tenant break clause on the fifth anniversary of term
commencement.

 

Powerhouse plans to build, own and operate a 40 tonnes per day (TPD) waste to
hydrogen facility at the site.  The facility is intended take 40 TPD of waste
destined for landfill and convert it into 99.999% pure hydrogen for a variety
of uses, including transport. Discussions are already taking place on
feedstock and offtake agreements.

 

The Company will shortly submit the required planning application to the Mid
and East Antrim Borough Council, and a further announcement will be made once
this has been submitted. Approval of the planning application is a condition
to the Lease Agreement becoming effective.

 

 

Commenting on the Lease Agreement, Paul Emmitt, Powerhouse CEO, said:

 

"This is a major step forward for the Company. Ballymena is set to become the
Hydrogen Hub of Northern Ireland, with the organisations including Wrightbus,
Translink and the Mid and East Antrim Borough Council all focused on
developing the hydrogen economy in Northern Ireland."

 

-ENDS-

 

 

For more information, please visit www.phegroup.com (http://www.phegroup.com)
or contact:

 

 Powerhouse Energy Group plc
 Paul Emmitt, CEO                                                            Via Tavistock below
 Ben Brier, CFO

 Strand Hanson Limited (Nominated & Financial Adviser and Joint Broker)      +44 (0) 207 409 3494
 Ritchie Balmer / Rob Patrick

 Longspur Capital Limited (Financial Adviser & Joint Broker)                 +44 (0) 203 940 6608
 Adam Robertson

 Tavistock (Financial PR)                                                    +44 (0) 207 920 3150
 Simon Hudson / Nick Elwes / Saskia Sizen                                    powerhouse@tavistock.co.uk

 

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.

 

Powerhouse 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.

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