Welcome to our dedicated page for Fusion Fuel Green news (Ticker: HTOO), a resource for investors and traders seeking the latest updates and insights on Fusion Fuel Green stock.
Fusion Fuel Green PLC reports developments across energy engineering, advisory and utility operations, with current activity centered on industrial gas infrastructure, LPG services and biomass-powered steam. The company’s updates include operating and financial results, restructuring actions, board and governance changes, and progress at majority-owned businesses.
Recurring news covers Quality Industrial Corp. and Al Shola Gas, which provide LPG consulting, engineering, installation, maintenance and supply services in the UAE, as well as BioSteam Energy, a majority-owned joint venture operating a biomass-powered industrial steam project in South Africa.
Fusion Fuel (NASDAQ: HTOO) has signed a groundbreaking offtake agreement with Dourogás for green hydrogen production in Portugal, marking a key milestone in the country's hydrogen economy. This contract aims to blend green hydrogen into the national gas grid, supporting Portugal's decarbonization objectives as outlined in its 2020 hydrogen strategy. The first hydrogen will be produced at the GreenGas project in Evora, expected to yield approximately 40 tonnes per year. This partnership reinforces Fusion Fuel's position in the industrial decarbonization sector and aims to enhance the market for green hydrogen in Portugal.
Fusion Fuel (NASDAQ: HTOO) hosted a delegation led by Prime Minister António Costa at its electrolyzer factory in Benavente, Portugal, following the approval of a €36 million grant for the Sines Green Hydrogen Valley Alliance through Portugal's National Recovery and Resilience Plan. The visit included a tour of the facility and an institutional event recognizing the grant approval. Fusion Fuel has now secured over €55 million in government funding to support its green hydrogen initiatives, strengthening its market position in Portugal and showcasing the country’s commitment to green energy.
Fusion Fuel (NASDAQ: HTOO) has completed a €9.3 million sale and leaseback of its electrolyzer manufacturing factory in Benavente, Portugal, resulting in net proceeds of approximately €7.5 million. The funds will support the expansion of the Benavente facility, development of owned projects, and general corporate needs. The 14,333 sqm factory, refurbished by the company, includes a 1 MW solar PV array. This strategic move aims to enhance Fusion Fuel's balance sheet and provide capital for future growth initiatives in Europe and North America.
Fusion Fuel announced the approval of €36 million in grant funding for its Sines Green Hydrogen Valley Alliance under Portugal’s Recovery and Resilience Plan. Of this amount, €22.5 million will support the H2 HEVO-SINES project, aiming for 75 MW of electrolysis capacity. Fusion Fuel has secured land for development and plans to begin construction in 2024. An additional €3.5 million will fund R&D for its electrolysis technology. The company is also poised for further funding as a partner in other projects.
Fusion Fuel Green PLC (NASDAQ: HTOO) announced its financial results for Q3 2022, highlighting key advancements in the green hydrogen sector. The company secured €10 million in grant funding for the HEVO-Industria project, completed independent technology assessments, and commenced construction on the Exolum project in Madrid. Subsequent events included €5 million in tech sale contracts for hydrogen projects in Spain and Portugal and the commissioning of the H2Évora Green Hydrogen Plant. Fusion Fuel continues its commitment to innovation, aiming to accelerate the energy transition with new projects and patents.
Fusion Fuel (Nasdaq: HTOO) has partnered with Electus Energy to launch a 75 MW green hydrogen project in Bakersfield, California, marking Fusion Fuel's entry into the North American market. This facility aims to produce 9,300 tons of green hydrogen per year with an investment of approximately €175 million ($180 million). The project is scheduled for commissioning in the first half of 2025. This collaboration is expected to enhance hydrogen mobility solutions and reduce fuel costs for heavy-duty vehicles, leveraging California's favorable policies and solar energy potential.
Fusion Fuel (Nasdaq: HTOO) has announced its entry into the centralized electrolyzer market with the launch of the HEVO-Chain. This innovative design improves efficiency to around 49 kWh/kg of hydrogen by utilizing a unique architecture that enhances performance and minimizes losses seen in traditional models. Each unit features 16 micro-electrolyzers, generating 5.6 kg of hydrogen daily. The HEVO-Chain is designed for scalability and modularity, set to enter commercial usage in 2024. This advancement positions Fusion Fuel as a strong contender in the green hydrogen sector.
Fusion Fuel (HTOO) has announced a joint venture with Duferco Energia SpA to develop a green hydrogen ecosystem in Italy, starting with a 1.25 MW pilot project in Sicily. This project will utilize Fusion Fuel's solar-to-hydrogen technology to produce approximately 46 tonnes of green hydrogen annually, aimed at powering a molten carbonate fuel cell system. The collaboration signifies Fusion Fuel's strategic expansion into the Italian market and highlights its commitment to clean energy solutions, targeting additional projects in Tunisia and Algeria.
Fusion Fuel Green plc (NASDAQ: HTOO) will host a live conference call on November 28, 2022, to discuss its Q3 2022 financial results and operational highlights. The agenda includes a financial review, commercial and technology updates, and a management Q&A session. Investors can join the call via dial-in or webcast. Fusion Fuel is focused on advancing green hydrogen solutions, featuring a proprietary solar-to-hydrogen generator and various business models, including technology sales and turnkey plant development.
Ballard Power Systems (NASDAQ: BLDP) and Fusion Fuel (NASDAQ: HTOO) successfully commissioned the H2Évora green hydrogen plant in Portugal on November 10, 2022. The facility, consisting of 15 HEVO-Solar units, will produce 15 tons of green hydrogen annually and reduce CO2 emissions by 135 tons. Ballard provided a 200-kilowatt FCwave fuel cell module for converting hydrogen into electricity, allowing power sales during peak demand. This project demonstrates the viability of hydrogen for flexible energy storage and supports Portugal's green energy goals.