New Energy Opportunities (“NEO”) is pleased to announce a major milestone with its subsidiary, National H2 Limited (NH2), securing a 50-year Offer to Lease from the Western Australian Government for a prime development site within the Rockingham Industrial Area, south of Perth.
In addition, NH2 has executed two cornerstone commercial agreements:
- A power offtake agreement with the largest independent commercial energy provider in Western Australia, ensuring long-term access to competitively priced electricity.
- A feedstock supply agreement for sorted mixed plastics from an established waste-management operator with extensive industry experience.
The site is zoned specifically for waste-to-energy operations and will host two Distributed Modular Generation (DMG) units, capable of converting end-of-life plastics into low-carbon energy.
To deliver the project, NH2 has established a special purpose vehicle, National Waste to Energy, which will lead the development, construction and commercial rollout of the facility.
Powerhouse Energy Partnership
Powerhouse Energy Group Plc (AIM:PHE), the developer and patent holder of the DMG technology to be deployed on-site, will take a 5% equity interest in the SPV.
Powerhouse will provide:
- Technical support and engineering documentation
- Licensing materials and other development inputs
- Patents, FEED package, license agreements and related technical materials supporting a UK-based international finance group currently completing financial due diligence on the project
Powerhouse’s industry-leading DMG platform is central to the project’s value proposition—enabling the conversion of non-recyclable plastics into low-carbon energy, and, in later stages, clean hydrogen for industrial and heavy-transport customers.
Phased Delivery Phases
- Phase 1 — Construction of a ~40-TPD DMG train producing low-carbon power
- Phase 2 — Integration of hydrogen separation, storage and compression infrastructure to meet growing hydrogen demand from heavy-transport operators
- Phase 3 — Construction of a second ~40-TPD DMG train, doubling processing capacity
This staged expansion supports NEO’s strategy to build scalable, infrastructure-grade clean-energy assets.
The company’s venture-builder model has already delivered $24 million in cash returns and created more than $650 million in market capitalisation for investors across its portfolio.
With key commercial foundations now in place, the Western Australian project is advancing toward Financial Investment Decision (FID). Further updates will be provided as development milestones and due-diligence processes progress.
Will Davidson, Chief Executive OFficer of New Energy Opportunities, said:
“Securing a 50-year lease, power offtake and feedstock agreement provides the foundational pillars for a nationally significant clean-energy project. This is not a concept — it is a fully structured pathway to turning waste into reliable, low-carbon energy and, ultimately, clean hydrogen for Western Australian industry.
Powerhouse Energy’s technology gives us a commercial solution to one of the country’s most difficult environmental challenges: what to do with non-recyclable plastics. By converting that waste into energy and hydrogen, we are creating an asset with genuine strategic value for the State and for Australia’s emerging circular economy.
This is exactly the type of infrastructure NEO was built to deliver — projects with long-term contracts, scalable returns and the potential to fundamentally reshape how energy is produced and consumed.”