Powerhouse Energy Group PLC (AIM:PHE) CEO Paul Emmitt talked with Proactive's Stephen Gunnion about the latest progress within the company. Emmitt detailed the awarding of the FEED (Front-End Engineering Design) package to its Engsolve subsidiary by Australia's National Hydrogen Ltd. He explained, "This is a key next step in the strategy of royalties and licensing," highlighting its role in planning, permitting, and project funding.
Emmitt also discussed Powerhouse Energy’s achievement of a Japanese patent, a crucial milestone for global recognition and validation of its technology. He said, "The Japanese patent is quite important… it means we get validated against competitive technology." Additionally, updates on the Feedstock Testing Unit (FTU) were shared, with mechanical completion expected by year-end, enabling testing and validation in early 2025.
Emmitt encouraged investors to watch for the commencement of the FEED process, completion of the FTU, and investor days in the coming months. He emphasised the importance of steady progress and the exciting developments ahead for Powerhouse Energy Group.