Powerhouse Energy Group said that it expects to release the results of a review of the business by its new chief executive and a strategic plan around the time of AGM in July.
Paul Drennan-Durose, the new CEO, has been working closely with partner Peel NRE on the Protos waste-to-energy plant project, Powerhouse said in a statement.
The company has also been selecting construction partners for the build phase and the financial assessment of the SPV (special purpose vehicle) business plan.
In addition to this, Drennan-Durose has been meeting other members of the international waste and hydrogen ecosystem Powerhouse operates within and scoping how to increase the technology readiness level of its technology.
Powerhouse’s business and its operations are also being reviewed, especially how to evolve the model for optimal results and value for all stakeholders, said the statement.
Drennan-Durose added: “It’s now been 11 or so weeks since becoming Powerhouse CEO, and in joining the rest of the board in leading the business on the next phase of its development.
“As you would expect in these early stages, I and the new board members, and our new chairman, have been in an intense discovery phase, which has included rapidly meeting with many of the stakeholders and partners that Powerhouse has entered relationships with, and with potential collaborators and partners.”