MENA, GCC and Asia Marketing Agreement
Summary by AI BETAClose X
2nd March 2026
Powerhouse Energy Group plc
("Powerhouse" or the "Company")
MENA, GCC and Asia Marketing Agreement
Abraham Accord linked company to market PHE in MENA, GCC and Asia
Powerhouse Energy Group plc (AIM: PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy with its revenue generating engineering consulting subsidiary ("Engsolve"), is pleased to announce that it has signed a marketing agreement with Green Gecko Energy Limited ("Green Gecko"), a UK based consultancy, which will act as the Company's sole agent in introducing Powerhouse to potential opportunities across the Abraham Accord countries, the wider MENA and GCC region, and certain countries within Asia.
Highlights:
· Green Gecko was formed by David Scott and Peter Nutt and in the past 12 months they, and Sir Liam Fox, who is an adviser to the company, have been working in the Abraham Accords signatory countries, the wider MENA and GCC region and certain countries within Asia to identify a number of projects to exclusively utilise the Powerhouse high-temperature pyrolysis (HTP) modular solution.
· Projects currently identified for Powerhouse by the Green Gecko team are located in Bahrain, Egypt, Kuwait and Oman; and address market niches including:
o pilot sites, predominately to address the processing of tyres and other elastomers and/or polymers as well as plastic(s); and
o deployment of high-temperature pyrolysis (HTP) modular solutions, which can be expanded as performance and offtake markets are proven.
· No up-front funding is required from the Company.
· Agreement is on a "no win, no fee" basis, where any payment by the Company to Green Gecko will be made on a commission basis, and satisfied through a combination of cash and options over up to 3% of the Company's current share capital (exercisable at a price of 0.5 pence) wherein specific construction related milestones (and associated payments to PHE) are achieved by the projects introduced by Green Gecko.
Commenting on the Agreement, Paul Emmitt, Powerhouse CEO, said:
"We are delighted to enter into this agreement with the Green Gecko team. MENA is a huge market, and our technology has the potential to provide a solution to the green energy needs of this region. David and Peter are highly connected and experienced in the area and we believe that with them we will gain significant traction for our business model and offering.
"We look forward to working with the Green Gecko team in further spreading our geographic footprint as this relationship delivers the opportunities that we believe are inherent in the region for our technology."
Peter Nutt and David Scott, Directors of Green Gecko Energy said:
"We both are delighted to enter into this agreement with Powerhouse Energy. We have a number of projects which we anticipate bringing to the Company from our relationships in the Abraham Accord countries, MENA, GCC region and Asia.
"We look forward to working with Paul and the Team in the year ahead."
About Green Gecko Energy
Green Gecko Energy is a private limited company, incorporated last year, founded by David Scott and Peter Nutt with a strategy to market Powerhouse's technology and model in the Abraham Accord Countries, MENA and the wider GCC region and Asia.
David Scott has over 40 years of experience in corporate broking and investment banking industry, advising small and medium-sized companies listed on the London Stock Exchange and AIM Market. He has extensive expertise in private equity, mergers and acquisitions, and strategic advisory work for investors and management teams in the UK and internationally. He currently serves as a Partner at Chayton Capital LLP, an FCA-regulated investment firm, and CEO of the Abraham Accords Prosperity Group Limited, which is currently developing three businesses, (i) Prosperity Microgrid Partners, which will develop the Green Gecko opportunity, (ii) Prosperity Reach Partners, which is focused on delivering service sector solutions, initially in Bahrain and Morocco and (iii) a fund, focused on creating employment opportunities for young people and businesses in the GCC Region.
Peter Nutt has many decades experience in corporate finance advising and arranging experience having worked from bases in the City of London, Sydney, Australia and twice from Tokyo, Japan. He is very familiar with complex cross-border financing structures having arranged many lease and debt transactions, particularly in the aviation sectors international flag carriers. This knowledge coupled with senior contacts around the world will be used for the benefit of Green Gecko.
-ENDS-
For more information, please visit www.phegroup.com or contact:
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Powerhouse Energy Group Plc |
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Paul Emmitt, CEO |
Via Tavistock below |
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Ben Brier, CFO |
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Strand Hanson Limited (Nominated & Financial Adviser and Joint Broker) |
+44 (0) 207 409 3494 |
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Ritchie Balmer / Rob Patrick / James Harris |
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Longspur Capital Limited (Financial Adviser & Joint Broker) |
+44 (0) 203 940 6608 |
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Adam Robertson |
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Tavistock (Financial PR) |
+44 (0) 207 920 3150 |
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Simon Hudson / Nick Elwes / Saskia Sizen |
About Powerhouse Energy Group Plc
Powerhouse Energy has developed a process technology which can utilise waste plastic, end-of-life-tyres, and other waste streams to convert them efficiently and economically into syngas from which valuable products such as chemical precursors, hydrogen, electricity, heat and other industrial products may be derived. PHE's process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.
Powerhouse also incorporates Engsolve Ltd, which is a revenue generating business offering Engineering Services across all sectors, with speciality services in the development of new technologies and clean energy.
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