Welcome to our dedicated page for Fusion Fuel Green Plc news (Ticker: HTOO), a resource for investors and traders seeking the latest updates and insights on Fusion Fuel Green Plc stock.
Fusion Fuel Green PLC (HTOO) is a leader in green hydrogen solutions, developing innovative electrolyzer technology for renewable energy systems. This page serves as the definitive source for verified corporate announcements, operational updates, and strategic developments.
Investors and industry stakeholders will find timely updates on technology deployments, partnership agreements, and regulatory milestones across Fusion Fuel's key markets in Europe and North Africa. Our curated collection includes earnings disclosures, project commissioning notices, and executive commentary – all essential for understanding the company's role in advancing clean hydrogen infrastructure.
Content is organized to highlight critical developments including electrolyzer technology innovations, green hydrogen plant deployments, and strategic collaborations with energy sector partners. Regular updates ensure stakeholders maintain current awareness of Fusion Fuel's progress in making hydrogen production cost-competitive with conventional fuels.
Bookmark this page for direct access to primary source materials from Fusion Fuel Green PLC. Check back frequently for new releases detailing the company's contributions to decarbonizing industrial energy systems through cutting-edge hydrogen solutions.
Fusion Fuel Green PLC (HTOO) has signed a non-binding letter of intent to acquire a privately held British fuel distribution company for £50 million. The acquisition terms include £25 million in debt-financed cash, £2 million from capital raise, £8 million in company shares with a make-whole agreement, and two £7.5 million cash payments at 9 and 18 months post-closing.
The target company demonstrated strong financial performance, reporting $50 million revenue and $4 million net income in 2023, growing to $54 million revenue and $7 million net income in 2024. This acquisition follows Fusion Fuel's recent purchase of Quality Industrial Corp. and aligns with their strategy to build a profitable portfolio across the energy value chain.
The transaction remains subject to due diligence, definitive agreements, and regulatory approvals.
Fusion Fuel Green PLC (Nasdaq: HTOO) has secured a $1.3 million private placement of senior convertible notes with institutional investors. The notes were issued at a weighted-average original issue discount of approximately 23% for an aggregate purchase price of $1.0 million. The notes will mature in August 2026 and carry an 8% annual interest rate.
The company also issued warrants to noteholders for additional equity participation. CEO John-Paul Backwell stated that this follow-on financing strengthens their financial position and demonstrates investor confidence. The proceeds will be used for additional working capital.
Fusion Fuel Green PLC (Nasdaq: HTOO) has appointed Luisa Ingargiola to its Board of Directors, effective February 24, 2025. Ingargiola will serve as chairperson of the Audit Committee, replacing Rune Magnus Lundetrae, who remains on the Board. She will also join the Nominating Committee, Audit Committee, and Compensation Committee.
The Board now consists of six directors, with four classified as independent directors under Nasdaq Listing Rules. Ingargiola currently serves as Chief Financial Officer of Avalon GloboCare Corp. (Nasdaq: ALBT) and holds board positions at Vision Marine Technologies (Nasdaq: VMAR) and BioCorRx Inc. (OTCQB: BICX), where she chairs the Audit Committees. She previously served as CFO and co-founder of BBHC, Inc. Ingargiola holds a Business Administration degree from Boston University and a Master of Health Administration from the University of South Florida.
Fusion Fuel Green PLC (HTOO) has received a decision from the Nasdaq Hearings Panel regarding its listing status. The panel found the company compliant with Rule 5550(b)(1), which requires minimum stockholders' equity of $2,500,000. The company has been granted exceptions with specific deadlines to meet other listing requirements:
1. By June 29, 2025: Must hold an annual shareholder meeting (Rule 5620(a))
2. By July 28, 2025: Must achieve a minimum bid price of $1.00 per share (Rule 5550(a)(2)), maintaining it for at least 10 consecutive business days. The Nasdaq hearing was held on January 7, 2025.
Fusion Fuel Green PLC (HTOO) announced its transfer from Nasdaq Global Market to Nasdaq Capital Market, effective February 3, 2025. The company received an additional 180-day period until July 28, 2025, to regain compliance with the $1.00 minimum bid price requirement. The company may implement a reverse share split to meet this requirement.
Additionally, as reported on January 13, 2025, Fusion Fuel was notified of non-compliance with Nasdaq's annual meeting requirement, having not held a shareholder meeting within twelve months of the fiscal year ended December 31, 2023. The company's securities will continue trading under symbols 'HTOO' and 'HTOOW' with no anticipated material impact on equity trading.
Fusion Fuel Green PLC (NASDAQ: HTOO) announced a leadership transition as Gavin Jones steps down as Chief Financial Officer, effective January 24, 2025. The company has appointed Frederico Figueira de Chaves as Interim CFO, who previously served in the same role from 2020 to 2023.
Jones will continue as Company Secretary to ensure a smooth transition. Figueira de Chaves, currently serving as Chief Strategy Officer and Head of Hydrogen Solutions, will maintain these responsibilities alongside his new interim CFO role. He will be supported by the existing in-house finance team.
The transition occurs at a strategic time as Fusion Fuel focuses on expanding its hydrogen solutions and gas services businesses. The company aims to strengthen its position in integrated energy solutions under the new financial leadership.
Fusion Fuel Green PLC (NASDAQ: HTOO) has reported significant developments in its Al Shola Gas subsidiary between November 2024 and January 2025. The company secured new orders and renewals worth approximately $3.5 million, including an exclusive LPG supply contract renewal in the residential sector and multiple supply and installation projects across manufacturing, hospitality, and construction segments.
CEO JP Backwell highlighted that the gas business continues to generate meaningful cash flows in Middle East markets, serving as a profitable foundation for Fusion Fuel. The company plans to expand its bulk LPG supply capabilities through infrastructure investment and aims to broaden its geographical reach and service offerings to meet growing customer demand.
Fusion Fuel Green PLC (HTOO) has announced a significant improvement in its equity position, with pro forma stockholders' equity reaching approximately $12.0 million as of January 10, 2025. This enhancement reflects several recent transactions, including the Quality Industrial Corp. acquisition in November 2024 and a January 10, 2025 concurrent private placement of $1.28 million in senior convertible notes, along with entry into a $25 million equity line of credit.
These strategic moves aim to ensure long-term compliance with Nasdaq Listing Rule 5550(b)(1), which mandates a minimum stockholders' equity of $2.5 million for continued listing on The Nasdaq Capital Market. The company's detailed pro forma balance sheet is available through SEC filings and their investor relations website.
Fusion Fuel Green PLC (HTOO) has secured two financial arrangements: a $1.28 million senior convertible notes private placement and a $25 million equity line of credit. The convertible notes, issued at a 20% original issue discount, will mature in July 2026 with an 8% annual interest rate and include warrants providing 100% equity coverage.
The equity line of credit will allow Fusion Fuel to sell up to $25 million in newly issued Class A ordinary shares at its discretion, subject to certain conditions including SEC registration. CEO John-Paul Backwell stated this capital infusion will strengthen near-term liquidity and support the expansion of their Al Shola Gas business while enabling the launch of their BrightHy solutions platform.
Fusion Fuel Green Plc (NASDAQ: HTOO) has announced an upcoming Investor Update Presentation scheduled for December 12, 2024, at 09:30 a.m. ET. The presentation will cover three main areas: a comprehensive Fusion Fuel overview including recent developments, the QIND transaction, and NASDAQ compliance; an Al Shola Gas Business Update detailing operations and performance; and a Hydrogen Solutions Overview focusing on progress and future objectives.
The presentation materials will be accessible on the company's website Events page, with a recording available for replay after the event.
