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 (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.
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.
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