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 Green PLC (NASDAQ: HTOO) announced the appointment of David Lovell as CEO of its Australian subsidiary. Lovell will lead the company's expansion in the Australian and Asia Pacific green hydrogen markets, leveraging Australia's unique solar resources. His background includes over 30 years in finance and infrastructure, notably with Infrastructure SA and other leading firms. Chairman Jeffrey Schwarz highlighted Lovell’s extensive networks and experience as key to accelerating Fusion Fuel's growth strategy in the burgeoning hydrogen economy.
Dublin-based Fusion Fuel Green (NASDAQ: HTOO) announced a live conference call on November 17, 2021, at 10:00 AM ET to discuss its financial results and operational highlights for Q3. The event will be accessible via teleconference and webcast, with a registration link provided. Fusion Fuel is focused on green hydrogen technology, offering electrolyzer sales, turnkey hydrogen plant developments, and long-term hydrogen sales agreements. The company aims to lead in clean energy transition through innovative solar-to-hydrogen solutions.
Fusion Fuel Green PLC (NASDAQ: HTOO) announced key senior appointments aimed at enhancing its competitive edge in the green hydrogen market. New department heads include Mario Garma, Gavin Jones, Cátia Carvalho, and Luís Castanheira, who bring extensive industry experience. The company's CFO, Frederico Figueira de Chaves, emphasized the importance of these roles as Fusion Fuel ramps up its commercial operations globally, particularly focusing on its HEVO-SOLAR solution amidst rising energy prices. This strategic move aligns with the company's goal to address decarbonization challenges and expand its geographic footprint.
Fusion Fuel Green PLC (NASDAQ: HTOO) has entered a contract with Exolum to establish a solar-to-hydrogen plant in Madrid, Spain. The project will utilize 21 HEVO-SOLAR units and a refueling station, marking the first third-party sale of Fusion Fuel's technology. With dual renewable energy sources, the facility aims to enhance hydrogen production. This initiative aligns with Spain’s strategy for a comprehensive hydrogen refueling network, positioning Fusion Fuel as a key player in the green hydrogen market.
Fusion Fuel Green (NASDAQ:HTOO) will present at the 10th Annual Gateway Conference on September 9, 2021, at 11:00 a.m. Eastern time. The presentation will be webcast live, with one-on-one meetings available throughout the conference. This event, running September 8-9, focuses on connecting growth companies with institutional investors. Fusion Fuel is a frontrunner in the green hydrogen sector, dedicated to making zero-emissions hydrogen commercially viable through innovative technology. For further details, contact conference@gatewayir.com.
Fusion Fuel Green PLC (NASDAQ: HTOO) announced its financial results for Q2 2021, highlighting significant progress in green hydrogen initiatives. Key developments include agreements with Elecnor for projects in Spain, a partnership with CCC for pilot plants in the Middle East, and a Heads of Agreement with Ampol for a demonstrator plant in Australia. The company has successfully installed HEVO-SOLAR units at H2Évora, achieving a 10% performance increase. Additionally, Fusion Fuel is renovating a new production facility in Benavente to enhance operational capabilities.
Fusion Fuel Green PLC (NASDAQ: HTOO) announced its HEVO-Sul project in Sines, Portugal, has received approval from the country's Operational Program for Sustainability, securing €4.3 million of a total €8 million investment. The project will feature 178 HEVO-SOLAR units, producing around 418 tons of green hydrogen annually for multiple applications, including green ammonia production. Construction is expected to start in late 2021, with operations commencing by the end of 2022. The firm is also awaiting decisions on two additional projects using the same technology.
Fusion Fuel Green PLC (NASDAQ: HTOO) announced successful completion of independent performance tests on its HEVO SOLAR technology, conducted by Grupo ISQ. This marks a crucial milestone for validating the system's operation at the H2Evora project. CTO Jaime Silva noted the achievement reflects the team's hard work. Additionally, the company will hold a conference call on August 17, 2021, to discuss general business updates and second-quarter financials.
Fusion Fuel Green (HTOO) recently launched its H2Évora green hydrogen demonstration plant in Évora, Portugal, attended by key officials and strategic partners. The project, part of Phase I, encompasses 15 HEVO-SOLAR units capable of producing 15 tons of green hydrogen annually while preventing 135 tons of CO2 emissions each year. This initiative represents a significant step in establishing a green hydrogen market in Portugal, with plans for several utility-scale projects across the country. Fusion Fuel aims to leverage its proprietary electrolyzer technology for competitive hydrogen production.
Fusion Fuel Green PLC (NASDAQ: HTOO) announced the unveiling of Morocco's largest green hydrogen and ammonia project, HEVO Ammonia Morocco, with an investment exceeding 7.5B dirham (~850M USD). Jointly developed with Consolidated Contractors Group and managed by Vitol, the project aims to produce 183,000 tons of green ammonia while reducing CO2 emissions by 280,000 tons annually. The first phase is set to begin in 2022, following a feasibility study, with Fusion Fuel supplying 31,000 tons of green hydrogen annually.
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