Powerhouse Energy Group PLC (AIM:PHE) said that its consulting division Engsolve has been awarded a £350,000 Front-End Engineering Design (FEED) study contract for National Hydrogen Ltd of Australia (National H2).
National H2 has a five-year licensing and royalties framework agreement with Powerhouse and this award follows the securing of a two-hectare site from the Western Australian government in East Rockingham.
The Western Australia site is strategically located for both electricity and hydrogen off-takers and is large enough to accommodate two Powerhouse DMG plants, said the statement.
Work on the FEED study is scheduled to start in January.
National H2 plans to develop projects in Australia, Italy, Switzerland, and Hong Kong using Powerhouse technology.
Paul Emmitt, Powerhouse’s chief executive, added: “This is a key milestone for both PHE and National Hydrogen and will secure revenues for Engsolve, and thus Powerhouse, whilst also further building our relationship with National Hydrogen.
“Given the agreement that we have with National Hydrogen, we believe that 2025 will be an exciting time for both companies as we not only look to progress the Western Australia project but also look to develop other new opportunities."