Company Description
Fusion Fuel Green PLC (NASDAQ: HTOO) is an integrated energy company that focuses on energy engineering, distribution, and decarbonization solutions. According to the company’s disclosures, Fusion Fuel operates through platforms that span liquefied petroleum gas (LPG) supply and industrial gas services, green hydrogen engineering and advisory, and biomass-powered industrial steam projects. The company is headquartered in Ireland and its shares trade on Nasdaq under the symbol HTOO.
Fusion Fuel describes itself as an energy services and integrated energy platform. It provides energy supply, distribution, and engineering and advisory services through several distinct businesses. These include Al Shola Al Modea Gas Distribution LLC (Al Shola Gas), Bright Hydrogen Solutions Ltd (BrightHy Solutions), and BioSteam Energy (Proprietary) Limited (BioSteam Energy). Together, these businesses support decarbonization across industrial, residential, and commercial sectors.
Business segments and activities
Al Shola Gas is described as a full-service industrial gas solution provider and gas services and supply business in which Fusion Fuel holds an indirect ownership interest. Al Shola Gas provides the design, supply, and maintenance of LPG systems, as well as the transport and distribution of LPG. Company materials state that Al Shola Gas serves a broad range of customers across commercial, industrial, and residential sectors, and undertakes engineering contracts for central LPG gas systems in residential and mixed-use developments.
BrightHy Solutions is Fusion Fuel’s hydrogen solutions platform. It is described as a leading engineering and advisory company specialized in green hydrogen. BrightHy Solutions provides engineering, installation, and equipment for hydrogen projects, including electrolyzer systems and hydrogen refueling stations, and offers front-end engineering design (FEED) services for industrial green hydrogen production facilities. The company also highlights BrightHy Solutions’ role in enabling decarbonization across hard-to-abate industries and in supporting the build-out of hydrogen infrastructure in Europe and other regions.
BioSteam Energy is a majority-owned joint venture vehicle established with Alien Fuel (Proprietary) Limited to develop biomass-powered industrial steam projects. Fusion Fuel’s disclosures describe BioSteam Energy as providing biomass-powered industrial steam solutions to clients, including a project to replace a fossil-fuel-based steam generation system at a major dairy processing facility in South Africa with a carbon-neutral biomass solution.
Integrated energy and decarbonization focus
Fusion Fuel’s public statements emphasize its strategy to be an owner and manager of multiple independent, fast-growing, profitable companies in the energy and utilities sectors. The company highlights its shift toward energy services and utility-style operations, with activities ranging from LPG engineering and distribution to hydrogen and biomass steam projects. Its platforms are presented as supporting industrial decarbonization, clean mobility, and lower-carbon energy supply.
The company has noted that its operations span LPG supply and engineering services in the Middle East, green hydrogen projects in southern Europe, and biomass steam projects in Southern Africa. Fusion Fuel has also discussed strategic initiatives and potential large-scale transactions, including possible acquisitions and other strategic transactions related to digital and commodity asset treasury initiatives, as described in its shareholder communications and SEC reports.
Corporate structure and capital markets
Fusion Fuel Green PLC is organized as an Irish public limited company and is characterized in SEC filings as a foreign private issuer. It files reports on Form 20-F and Form 6-K with the U.S. Securities and Exchange Commission. Company disclosures describe actions taken to adjust its capital structure, including share capital authorizations and equity incentive plan amendments, and note that the company has addressed prior Nasdaq listing deficiencies through share consolidation and capital raises.
Shareholder materials and regulatory filings describe the company’s use of joint ventures and subsidiary structures to pursue projects, such as the joint venture agreement establishing BioSteam Energy and the investment platform Bright Hydrogen Holding, which is managed by BrightHy Solutions for industrial-scale hydrogen projects.
Hydrogen and biomass project development
Fusion Fuel has reported that BrightHy Solutions engages in contracts for green hydrogen production facilities, hydrogen refueling stations, and FEED services for hydrogen plants. These projects are described as supporting regional hydrogen infrastructure, clean mobility, and blending of green hydrogen into natural gas networks. The company has also disclosed the creation of Bright Hydrogen Holding as a dedicated platform for the development, financing, and delivery of industrial-scale hydrogen projects, with BrightHy Solutions appointed as exclusive manager and development partner.
Through BioSteam Energy, Fusion Fuel participates in biomass-powered steam generation projects. The company has described a project to replace a fossil-fuel-based boiler at a large dairy processing facility in South Africa with a biomass boiler system using carbon-neutral wood pellets derived from waste biomass. The project is intended to reduce Scope 1 and Scope 2 greenhouse gas emissions and generate verified carbon credits through landfill avoidance and fuel-switching benefits.
LPG engineering and distribution
Al Shola Gas is presented as a key contributor to Fusion Fuel’s revenue and cash flow. Company communications describe Al Shola Gas as signing engineering contracts for central LPG systems in residential and mixed-use developments, as well as operational and utility contracts for gas and boiler supply services. Al Shola Gas is also reported to operate bulk LPG supply and boiler systems that generate recurring revenue, and to be expanding its operations within the United Arab Emirates, including into the northern emirates.
Fusion Fuel has stated that Al Shola Gas’s business model includes engineering services, bulk LPG services, and utility and metering operations. The company has highlighted an engineering backlog and recurring fuel supply agreements as part of its shift toward more predictable cash flow.
Geographic footprint
Based on the company’s public disclosures, Fusion Fuel is headquartered in Ireland and has operations in Europe and the Middle East. Its projects and subsidiaries are described as active in regions including southern Europe, where BrightHy Solutions is involved in hydrogen projects, and the United Arab Emirates, where Al Shola Gas provides LPG systems and services. Through BioSteam Energy, Fusion Fuel has also reported activities in South Africa.
FAQs about Fusion Fuel Green PLC (HTOO)
- What does Fusion Fuel Green PLC do?
Fusion Fuel Green PLC is an energy services and integrated energy company that provides energy supply, distribution, and engineering and advisory solutions. It operates through businesses focused on LPG systems and distribution, green hydrogen engineering and advisory, and biomass-powered industrial steam projects.
- How does Fusion Fuel participate in the LPG market?
Fusion Fuel participates in the LPG market through its indirect ownership interest in Al Shola Gas. Al Shola Gas designs, supplies, and maintains LPG systems and transports and distributes LPG to customers across commercial, industrial, and residential sectors.
- What is BrightHy Solutions?
BrightHy Solutions is Fusion Fuel’s hydrogen solutions platform. It is described as an engineering and advisory company specialized in green hydrogen, providing services such as engineering, installation, and equipment for hydrogen projects, including electrolyzer systems, hydrogen refueling stations, and front-end engineering design for hydrogen plants.
- What is BioSteam Energy?
BioSteam Energy is a majority-owned joint venture company associated with Fusion Fuel that develops biomass-powered industrial steam projects. It provides biomass-powered industrial steam solutions, including a project to replace a fossil-fuel-based steam generation system at a major dairy processing facility in South Africa.
- In which regions does Fusion Fuel operate?
Fusion Fuel states that it is headquartered in Ireland and has operations in Europe and the Middle East. Its disclosures reference hydrogen projects in southern Europe, LPG engineering and distribution activities in the United Arab Emirates, and biomass steam projects in South Africa.
- How is Fusion Fuel involved in industrial decarbonization?
The company describes its platforms as enabling decarbonization across hard-to-abate industries and industrial sectors. This includes green hydrogen engineering and advisory services through BrightHy Solutions and biomass-powered steam generation projects through BioSteam Energy, as well as LPG-based utility and engineering solutions through Al Shola Gas.
- What is Bright Hydrogen Holding?
Bright Hydrogen Holding is described as an investment platform established with a partner to develop, finance, and deliver industrial-scale hydrogen projects. It is wholly owned by the partner, with BrightHy Solutions serving as exclusive manager and development partner, responsible for sourcing and evaluating opportunities and leading project development and execution.
- On which exchange does Fusion Fuel trade and under what symbol?
Fusion Fuel Green PLC’s shares trade on Nasdaq under the ticker symbol HTOO. The company files reports with the U.S. Securities and Exchange Commission as a foreign private issuer.
- How does Fusion Fuel describe its corporate strategy?
In its shareholder communications, Fusion Fuel has described its strategy as being an owner and manager of multiple independent, fast-growing, profitable companies in the energy and utilities sectors, with a focus on energy services, utilities, and decarbonization-related businesses.
- Is Fusion Fuel involved in potential mergers or acquisitions?
The company has disclosed that it is evaluating potential large-scale strategic transactions, including possible acquisitions and transactions related to digital and commodity asset treasury initiatives. These discussions are described as subject to due diligence, definitive agreements, and customary closing conditions.
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Short Interest History
Short interest in Fusion Fuel Green Plc (HTOO) currently stands at 135.2 thousand shares, up 21.0% from the previous reporting period, representing 6.9% of the float. Over the past 12 months, short interest has decreased by 10.9%.
Days to Cover History
Days to cover for Fusion Fuel Green Plc (HTOO) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The ratio has shown significant volatility over the period, ranging from 1.0 to 2.4 days.