Fusion Fuel’s BrightHy Solutions Announces Non-Binding Term Sheet for Strategic Partnership with €30 Million Commitment for Hydrogen Infrastructure Investments
Fusion Fuel Green (NASDAQ: HTOO) announced that its subsidiary BrightHy Solutions has signed a non-binding Term Sheet for a strategic partnership involving a €30 million capital commitment for hydrogen infrastructure investments over four years.
The partnership will focus on mid-scale hydrogen infrastructure projects, with investments ranging from €2-5 million per project, up to a maximum of €10 million. Projects will be managed through special purpose vehicles under a newly created investment entity, majority-owned by the Partner, with BrightHy Solutions managing operations under a 10-year management agreement.
The agreement remains subject to due diligence, legal structuring, and final definitive agreements.
Fusion Fuel Green (NASDAQ: HTOO) ha annunciato che la sua controllata BrightHy Solutions ha firmato un Term Sheet non vincolante per una partnership strategica che prevede un impegno di capitale di 30 milioni di euro per investimenti in infrastrutture per l'idrogeno nell'arco di quattro anni.
La collaborazione si concentrerà su progetti di infrastrutture per l'idrogeno di media scala, con investimenti che variano da 2 a 5 milioni di euro per progetto, fino a un massimo di 10 milioni di euro. I progetti saranno gestiti tramite veicoli ad hoc sotto una nuova entità di investimento, a maggioranza del Partner, mentre BrightHy Solutions si occuperà delle operazioni secondo un accordo di gestione della durata di 10 anni.
L'accordo è soggetto a due diligence, strutturazione legale e alla definizione degli accordi finali.
Fusion Fuel Green (NASDAQ: HTOO) anunció que su subsidiaria BrightHy Solutions ha firmado una Hoja de Términos no vinculante para una asociación estratégica que implica un compromiso de capital de 30 millones de euros para inversiones en infraestructura de hidrógeno durante cuatro años.
La asociación se centrará en proyectos de infraestructura de hidrógeno a mediana escala, con inversiones que van desde 2 a 5 millones de euros por proyecto, hasta un máximo de 10 millones de euros. Los proyectos serán gestionados mediante vehículos de propósito especial bajo una nueva entidad de inversión, mayoritariamente propiedad del Socio, mientras que BrightHy Solutions gestionará las operaciones bajo un acuerdo de gestión de 10 años.
El acuerdo está sujeto a la debida diligencia, estructuración legal y a la firma de acuerdos definitivos.
Fusion Fuel Green (NASDAQ: HTOO)의 자회사 BrightHy Solutions가 4년간 수소 인프라 투자에 대해 3,000만 유로 자본 약정을 포함하는 전략적 파트너십을 위한 구속력 없는 조건서를 체결했다고 발표했습니다.
이 파트너십은 중규모 수소 인프라 프로젝트에 집중하며, 프로젝트당 200만에서 500만 유로의 투자가 이루어지고 최대 1,000만 유로까지 투자됩니다. 프로젝트는 파트너가 다수 지분을 가진 새 투자 법인 산하의 특수목적법인을 통해 관리되며, BrightHy Solutions는 10년 관리 계약에 따라 운영을 담당합니다.
본 계약은 실사, 법적 구조화 및 최종 확정 계약 체결을 조건으로 합니다.
Fusion Fuel Green (NASDAQ : HTOO) a annoncé que sa filiale BrightHy Solutions a signé une lettre d'intention non contraignante pour un partenariat stratégique impliquant un engagement en capital de 30 millions d'euros pour des investissements dans les infrastructures d'hydrogène sur quatre ans.
Le partenariat se concentrera sur des projets d'infrastructures d'hydrogène de taille moyenne, avec des investissements allant de 2 à 5 millions d'euros par projet, jusqu'à un maximum de 10 millions d'euros. Les projets seront gérés par des véhicules à but spécifique sous une nouvelle entité d'investissement majoritairement détenue par le partenaire, tandis que BrightHy Solutions assurera la gestion opérationnelle dans le cadre d'un contrat de gestion de 10 ans.
L'accord reste soumis à la due diligence, à la structuration juridique et aux accords définitifs finaux.
Fusion Fuel Green (NASDAQ: HTOO) gab bekannt, dass seine Tochtergesellschaft BrightHy Solutions ein unverbindliches Term Sheet für eine strategische Partnerschaft unterzeichnet hat, die eine Kapitalzusage von 30 Millionen Euro für Investitionen in Wasserstoffinfrastruktur über vier Jahre umfasst.
Die Partnerschaft wird sich auf mittelgroße Wasserstoffinfrastrukturprojekte konzentrieren, mit Investitionen von 2 bis 5 Millionen Euro pro Projekt, bis zu einem Maximum von 10 Millionen Euro. Die Projekte werden über Zweckgesellschaften unter einer neu gegründeten Investmentgesellschaft verwaltet, die mehrheitlich dem Partner gehört, während BrightHy Solutions die operative Führung im Rahmen eines 10-jährigen Managementvertrags übernimmt.
Die Vereinbarung steht unter dem Vorbehalt der Due Diligence, rechtlicher Strukturierung und finaler verbindlicher Verträge.
- Strategic partnership includes €30 million capital commitment over 4 years
- Long-term 10-year management agreement securing steady revenue stream
- Potential for multiple mid-scale projects with €2-5 million investment range
- Company maintains management control while leveraging partner's capital
- Agreement is non-binding and subject to due diligence and final terms
- Partnership may require termination fees under certain circumstances
- Projects must meet minimum unlevered return requirements to proceed
Insights
Fusion Fuel's subsidiary secured a potential €30M partnership for hydrogen projects, though the non-binding nature warrants cautious optimism.
BrightHy Solutions, a subsidiary of Fusion Fuel, has executed a non-binding Term Sheet for a strategic partnership with an unnamed green energy technologies provider. The arrangement contemplates a significant €30 million commitment spread over four years for hydrogen infrastructure investments. This partnership structure is noteworthy - investments would flow through special purpose vehicles under a newly created investment entity majority-owned by the partner, not Fusion Fuel.
The planned projects are defined as mid-scale hydrogen infrastructure with typical investment sizes of €2-5 million per project (maximum €10 million). BrightHy Solutions would manage this investment entity under a 10-year management agreement, with project selection based on sustainability and financial metrics targeting specific minimum unlevered returns.
Several conditions must be met before binding agreements: legal structuring advice, successful due diligence, and satisfaction of undisclosed Term Sheet conditions. The non-binding nature of this announcement is a critical limitation - both parties could still walk away with potential termination fees under certain circumstances.
While this represents a potential pathway to scale BrightHy's hydrogen solutions, investors should recognize this as a preliminary step rather than secured funding. The lack of partner identification, concrete project details, or specific return targets suggests this is early-stage. The management arrangement could provide Fusion Fuel with recurring revenue, but the investment entity's majority ownership by the partner indicates limited capital gains for Fusion Fuel from the actual projects.
DUBLIN, Ireland, July 22, 2025 (GLOBE NEWSWIRE) -- via IBN -- Fusion Fuel Green PLC (NASDAQ: HTOO) (“Fusion Fuel” or the “Company”), a provider of integrated energy solutions, today announced that Bright Hydrogen Solutions Ltd (“BrightHy Solutions”), a Fusion Fuel subsidiary and provider of hydrogen solutions, executed a non-binding Term Sheet (the “Term Sheet”) outlining the terms of a strategic partnership focused on investments in hydrogen projects and infrastructure with an integrated green energy technologies provider (the “Partner”). As contemplated by the Term Sheet, subject to execution of one or more binding agreements, the Partner would commit up to
The projects contemplated by the Term Sheet would be mid-scale hydrogen infrastructure projects, with a typical investment size ranging from
The investment entity would be managed by BrightHy Solutions under a 10-year management agreement, with oversight provided by a board of directors and investment committee, which would include representatives of BrightHy Solutions and an independent director.
It is anticipated that the definitive agreements contemplated by the Term Sheet will contain customary representations, warranties and covenants made by BrightHy Solutions and the Partner. It is anticipated that definitive agreements will also contain certain termination rights for both BrightHy Solutions and the Partner, and, in connection with the termination of any such definitive agreements under certain circumstances, BrightHy Solutions and the Partner may be required to pay the other party a termination fee. Entry into definitive agreements will also be subject to: (i) legal, tax and accounting structuring advice, (ii) the satisfactory completion of due diligence investigation by the parties on all aspects of business, operations, financial condition and other assets and liabilities appropriate for a transaction of this nature, and (iii) the satisfaction of the conditions described in the Term Sheet.
Frederico Figueira de Chaves, Chief Executive Officer of BrightHy Solutions, commented, "This initiative represents a significant step forward in our ambition to scale clean hydrogen solutions and deliver long-term value for our stakeholders. BrightHy Solutions’ deep experience and capabilities in the hydrogen industry place us in a strong position to identify and deliver attractive hydrogen projects. We look forward to sharing more about this strategic development in the near future."
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) provides integrated energy engineering, distribution, and green hydrogen solutions through its Al Shola Gas and BrightHy Solutions platforms. With operations spanning LPG supply to hydrogen solutions, the Company supports decarbonization across industrial, residential, and commercial sectors.
About Bright Hydrogen Solutions Ltd
BrightHy Solutions, a subsidiary of Fusion Fuel Green PLC (NASDAQ: HTOO), is positioning itself as a leader in the hydrogen through electrolysis solutions market. With its substantial industry experience, BrightHy Solutions assists clients through the entire hydrogen production value chain including plant design, tailored engineering solutions, equipment sourcing, engineering and implementation oversight. BrightHy Solutions has a strong and core focus on safety, reliability, and efficiency. Find out more at www.brighthy.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify these statements because they contain words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the Company’s ability to enter into definitive agreements with the Partner, the ability of the parties to the Term Sheet to complete their due diligence and all other closing conditions prior to the closing of such definitive agreements, the ability of the parties to the Term Sheet to obtain all necessary regulatory and other consents and approvals in connection with the contemplated transactions, the ability of the Partner to satisfy its financing commitments for the projects contemplated by the Term Sheet, and the risks and uncertainties described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”), on May 9, 2025 (the “Annual Report”), and other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.
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FAQ
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