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 pioneering company focused on the production of green hydrogen. Established in 2018 and headquartered in Dublin, Ireland, the company has made significant strides in creating cost-effective and competitively priced green hydrogen solutions. Fusion Fuel operates primarily in Portugal, Southern Europe, and Morocco, offering innovative hydrogen generators and green hydrogen production services to various industries.
The company's core technology, the HEVO-Chain, is designed to optimize the production of green hydrogen. One of its flagship projects, the HEVO-Aveiro project in Portugal, aims to develop a 25 MW green hydrogen facility. This facility is expected to produce approximately 2,100 tonnes of green hydrogen annually, which will be utilized for industrial process heat in the local ceramic industry. The HEVO-Aveiro project has garnered significant attention, earning the highest assessment among all hydrogen projects submitted to the C-14 funding call and securing a substantial grant for its development.
In addition to its technological advancements, Fusion Fuel has established itself as a key player in the green hydrogen sector through strategic partnerships and collaborations. The company provides hydrogen generators to clients operating their green hydrogen plants and offers operational and monitoring services. Fusion Fuel's clientele includes natural gas networks and grids, oil refineries, ammonia producers, regulators, and government departments, demonstrating the broad applicability and market reach of its solutions.
Financially, Fusion Fuel continues to capture investor interest, evidenced by its regular communication and updates through live conference calls and webcasts. For instance, the company hosts events accessible through its website, providing investors with the latest performance metrics, project updates, and strategic insights.
Fusion Fuel's commitment to innovation and sustainability is further highlighted by its receipt of multiple awards and grants, reinforcing its leadership position in the green hydrogen industry. As the demand for clean energy solutions grows, Fusion Fuel Green PLC remains at the forefront, driving the transition to a hydrogen-powered future.
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.
Fusion Fuel Green PLC (NASDAQ: HTOO) announced its financial results for Q2 ended June 30, 2022. The company is a leader in the green hydrogen sector, focusing on clean hydrogen solutions and off-grid production. Fusion Fuel operates through three business lines: selling electrolyzer technology, developing turnkey hydrogen plants, and selling green hydrogen commodities through long-term agreements. More details can be found in the quarterly shareholder letter and during the live conference call on September 8, 2022.
Fusion Fuel (Nasdaq: HTOO) has received a €10 million grant from the Portuguese government for its 6.6MW HEVO-Industria green hydrogen project in Sines. This is part of the Portuguese Recovery and Resilience Plan aimed at promoting renewable energy. The project will consist of 300 HEVO-Solar units and is expected to produce 764 tonnes of green hydrogen annually. The total investment required is €25 million, with a financial close anticipated in the first half of 2023. This initiative strengthens Portugal's position in the hydrogen economy.
Fusion Fuel Green (NASDAQ: HTOO) announced a live conference call on September 8, 2022, to discuss Q2 2022 financial results and operational highlights. The agenda includes:
- Q2/2022 Highlights & Financial Review
- Business Update
- Production & Technology Update
- 2022 Milestones
- Q&A
Participants can join via dial-in or webcast. Fusion Fuel specializes in green hydrogen solutions, developing innovative technologies for clean hydrogen production.
Fusion Fuel announced that three of its projects were selected for financing under Portugal's Recovery and Resilience Plan, a significant achievement considering only five projects received awards for green hydrogen production. Sines Green Hydrogen Valley, a flagship project, is set to invest €160 million and will involve 3,600 HEVO-Solar units, producing green hydrogen for local industry and natural gas blending. The projects underscore Fusion Fuel's commitment to the hydrogen mobility opportunity and its advanced solar-to-hydrogen technology, aiming to position Portugal as a leader in energy transition.
Fusion Fuel Green PLC (NASDAQ: HTOO) reported its financial results for Q1 2022, highlighting its position in the green hydrogen sector. The company focuses on developing innovative hydrogen solutions, including solar-to-hydrogen generators and electrolyzer technology. A live conference call discussing the results was held on May 26, 2022. Investors can access the shareholder letter and the call replay via the company's website.
Fusion Fuel Green PLC (NASDAQ: HTOO) has entered a Memorandum of Understanding with Toshiba Energy Systems and Solutions Corporation to explore collaboration in the green hydrogen sector. This partnership will evaluate Toshiba's membrane electrode assemblies (MEAs) for Fusion Fuel’s Proton-Exchange Membrane electrolyzers, potentially enhancing efficiency and cost-effectiveness. The companies aim to leverage sales channels for expanding Fusion Fuel’s electrolyzer market in Australia and beyond. This collaboration occurs amid rising global investments in hydrogen technology, with the EU targeting significant electrolyzer capacity by 2024 and 2030.
Fusion Fuel Green plc (NASDAQ: HTOO) will host a live conference call and webcast on May 26, 2022, at 10:00 AM ET to discuss first quarter financial results and operational highlights. Participants can join via dial-in at +1 (312) 248-9348, using Participant ID 889672 and Passcode 8176. The event will also be accessible through the Fusion Fuel website. A playback will be available after the call.
Fusion Fuel Green PLC (NASDAQ: HTOO) has filed a universal shelf registration statement with the SEC to register up to $75 million of its securities, including Class A common stock, debt securities, preferred stock, and warrants. The registration allows for offering these securities in various combinations, pending SEC effectiveness. Fusion Fuel aims to lead in the green hydrogen sector, producing zero-emissions hydrogen using its proprietary electrolyzer technology, supporting the global energy transition.
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