PowerHouse Energy Group PLC (LON:PHE) shares rose as it confirmed weekend press reports that it is in talks with Japanese car maker Toyota.
The report suggested that Toyota is working with Powerhouse to use the UK company’s DMG technology, which turns waste into clean hydrogen.
READ: PowerHouse Energy says its DMG System can "reduce the impact of plastics on our oceans"
The shares rose 3% to 0.52p as the company said it is in discussions with a number of potential industrial customers regarding the use of its technology, including Toyota, but added that no agreements have been entered into.
Good to see PowerHouse Energy in The Sunday Telegraph off the back of Toyota news #PHE pic.twitter.com/7PwFwWEova
— Zak Mir (@ZaksTradersCafe) July 1, 2018
It added the usual caveat that there can be no certainty any agreements will be reached.
PowerHouse Pioneer “Clean Hydrogen Energy From Waste Plastic” https://t.co/FGFC2PzOYQ
— Green Energy News (@nowgreenenergy) July 2, 2018