**Summary**
Powerhouse Energy Group PLC (AIMPHE) has signed a marketing agreement with Green Gecko Energy Limited, a UK-based consultancy, to act as its exclusive agent in introducing Powerhouses waste-to-energy technology to potential opportunities across the Abraham Accord countries, the wider MENA (Middle East and North Africa), GCC (Gulf Cooperation Council) region, and certain Asian countries. The agreement is structured on a "no win, no fee" basis, with Green Gecko receiving commissions and options over up to 3% of Powerhouses share capital upon achieving specific construction-related milestones.
**Key Points**
1. **Partnership**Green Gecko, founded by David Scott and Peter Nutt, will leverage its extensive network and experience in the region to identify projects for Powerhouses high-temperature pyrolysis (HTP) modular solution.
2. **Identified Projects**Initial projects are located in Bahrain, Egypt, Kuwait, and Oman, focusing on pilot sites for processing tyres, elastomers, polymers, and plastics, as well as deploying scalable HTP solutions.
3. **Financial Terms**No upfront funding is required from Powerhouse. Payments to Green Gecko will be performance-based, tied to project milestones and associated payments to Powerhouse.
4. **Strategic Importance**The agreement aims to expand Powerhouses geographic footprint in a region with significant green energy needs, leveraging Green Geckos expertise and connections.
5. **Leadership Comments**Powerhouse CEO Paul Emmitt and Green Gecko Directors Peter Nutt and David Scott expressed optimism about the partnerships potential to drive growth and deliver opportunities in the region.
This agreement marks a strategic step for Powerhouse to capitalize on the growing demand for sustainable waste-to-energy solutions in MENA, GCC, and Asia.