Fusion Fuel Green PLC - HTOO STOCK NEWS

Dublin-based Fusion Fuel Green PLC (NASDAQ: HTOO) reported its financial results for Q4 2021. The company is focusing on the green hydrogen sector, leveraging its innovative solar-to-hydrogen technology to facilitate hydrogen production with zero carbon emissions. Fusion Fuel is engaged in selling electrolyzer technology, developing turnkey hydrogen plants, and selling green hydrogen through long-term purchase agreements. The company aims to accelerate the energy transition and establish itself as a leader in clean hydrogen technology.

Fusion Fuel Portugal, a subsidiary of Fusion Fuel Green (NASDAQ: HTOO), has received funding support from AICEP, Portugal's Trade & Investment Agency, for its Benavente industrial production facility, recognized as a project of merit. This facility aims to produce the proprietary HEVO technology and HEVO-Solar generators, with an expected output of 500 MW of electrolysis capacity by mid-2022. The funding covers nearly 25%, or €10m, of the total investment through direct support and tax offsets.

Fusion Fuel Green (NASDAQ: HTOO) has partnered with KEME Energy to establish a green hydrogen production facility in Sines, Portugal. The project involves a capital investment of €2.54 million and will utilize Fusion Fuel's HEVO-Solar technology to produce approximately 77 tons of green hydrogen per year with an electrolysis capacity of 1.22 MW. Backed by a €2.4 million grant from Portugal’s POSEUR program, the initiative aims to support the country's decarbonization goals. The strategic location is expected to enhance the Portuguese National Hydrogen Strategy and accelerate energy transition in various sectors.

Fusion Fuel Green (NASDAQ: HTOO) will host a live conference call on March 3, 2022, at 10:00 am ET, to discuss financial results and operational highlights for the fourth quarter. Participants can join via a teleconference or through a webcast, which will be available for replay afterward. Fusion Fuel is focused on advancing the green hydrogen sector with innovative solar-to-hydrogen technology, promoting sustainable energy solutions.

Fusion Fuel Green PLC (NASDAQ: HTOO) announced a collaboration with Hive Energy to supply solar-to-hydrogen technology for a hydrogen production plant in Spain. The plant aims to produce 7,500 metric tonnes of green hydrogen annually and is in the administrative phase, with installation expected to start in 2023. Hive Energy, a prominent renewable energy developer, plans to expand its green hydrogen projects globally. This partnership marks Fusion Fuel's inaugural project with Hive Energy, highlighting its innovative technology and commitment to the green hydrogen sector.

Fusion Fuel Green PLC (NASDAQ: HTOO) has entered into a collaboration agreement with AESA, a Spanish industrial engineering company, to accelerate the decarbonization of Spain’s industrial sector. The partnership will leverage Fusion Fuel's solar-to-hydrogen technology and AESA's engineering expertise to replace over 500,000 MTs of grey hydrogen annually used in various industries. This initiative aligns with Spain’s Hydrogen Roadmap and aims to benefit from new capex subsidy programs incentivizing green hydrogen technology deployment.

Fusion Fuel Green (NASDAQ: HTOO) announced an option grant to five senior managers under its Employee Incentive Plan. Each manager will receive options to purchase 200,000 Class A Ordinary Shares, vesting over three years at an exercise price of $10.50 per share. Additional performance-based options and annual eligibility for up to 50,000 shares from 2022 to 2024 are included. Notably, certain managers forfeited the right to issue 852,750 shares and warrants, aligning their interests with shareholders as they focus on expanding the company's opportunities in the growing green hydrogen sector.

Fusion Fuel Green PLC (NASDAQ: HTOO) has appointed Zachary Steele and Jason Baran as Co-Presidents of its subsidiary, Fusion Fuel USA. They will build the U.S. business development team and establish the company's commercial presence. Both executives previously led Pacific Traverse Energy, where they developed the Cedar LNG Project, a significant clean energy facility. Their experience aligns with Fusion Fuel's mission in the green hydrogen sector, which includes pioneering solar-to-hydrogen technology. The company aims to play a major role in the North American hydrogen market.

Fusion Fuel Green PLC (NASDAQ: HTOO) appoints Theresa Jester to its Board of Directors, effective December 14, 2021. Jester brings over 40 years of experience in the solar and electronics manufacturing sectors, having previously served on boards of prominent energy companies. Her expertise includes advancing products from R&D to commercial development, making her a valuable asset as Fusion Fuel aims to scale production and establish a global footprint. Chairman Jeffrey Schwarz expressed confidence in her ability to champion shareholder interests during the company's growth phase.