Powerhouse Energy Signs 25-Year Lease for Waste-to-Hydrogen Facility in Ballymena
Powerhouse Energy Group plc has secured a 25-year lease for a 1.98-acre site at Silverwood Business Park in Ballymena, Northern Ireland, to establish a facility that will convert 40 tonnes of waste per day into 99.999% pure hydrogen. The lease includes a potential rent-free period of up to 12 months and requires planning approval from the Mid and East Antrim Borough Council. The company is currently in discussions regarding feedstock and offtake agreements.
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Powerhouse Energy Group plc has signed a 25-year lease for a 1.98-acre site at Silverwood Business Park, Ballymena, Northern Ireland. The company plans to build a facility to convert 40 tonnes of waste per day into 99.999% pure hydrogen.
The lease includes a rent-free period of up to 12 months, with five-year rent reviews. A planning application will be submitted to the Mid and East Antrim Borough Council, with approval required for the lease to become effective. Discussions on feedstock and offtake agreements are underway.
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