Fusion Fuel Green PLC - HTOO STOCK NEWS

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.

Fusion Fuel has successfully commissioned its H2Évora facility, Portugal's first solar-to-green hydrogen plant, connecting it to the electric grid. This demonstration project, featuring 15 HEVO-Solar units, is set to produce 15 tons of green hydrogen annually and reduce CO₂ emissions by 135 tons. The integration with Ballard Power Systems’ fuel cell technology will allow Fusion Fuel to sell electricity during peak demand. Officials highlighted the project's significance, particularly amidst the European energy crisis.

Fusion Fuel (HTOO) has secured a €2.4 million grant for a green hydrogen project in Sines, Portugal. This project will utilize Fusion Fuel's HEVO-Solar technology to establish a 1.22 MW facility, generating approximately 77 tonnes of green hydrogen annually. Construction is expected to start early next year, with commercial operations planned for the second half of 2023. This strategic collaboration with KEME Energy emphasizes the growing importance of green hydrogen in energy transition and mobility sectors, boosting Fusion Fuel's market position in Portugal.

Fusion Fuel (HTOO) has entered a technology sale agreement with Gedisol for a 3.2 MW green hydrogen project in Andalucía, Spain. The project will utilize 144 HEVO-Solar trackers to produce approximately 200 tonnes of green hydrogen annually. Construction is set to begin in early 2023, aiming for commercial operations by Q3 2023. This partnership marks a significant step in Fusion Fuel's expansion into Spain, enhancing its development portfolio and showcasing its innovative solar-to-hydrogen technology.