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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 (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.
Fusion Fuel Green PLC (NASDAQ: HTOO) has announced a Heads of Agreement with Ampol Limited (ASX: ALD) to construct a green hydrogen production facility in Queensland, Australia. This project will utilize Fusion Fuel’s HEVO-SOLAR technology at Ampol’s Lytton refinery site, with commissioning expected within 12 months. The agreement supports a 50/50 joint venture for further green hydrogen initiatives in the region. The partnership aims to capitalize on Australia's solar resources and the growing need for sustainable fuel solutions, enhancing both companies' positions in the hydrogen market.
Fusion Fuel Green PLC (NASDAQ: HTOO) filed its Form 20-F for the fiscal year ended December 31, 2020, marking a significant milestone. CFO Frederico Figueira de Chaves highlighted 2020 as a historic year with the launch of HEVO technology and a completed business combination. Despite one-off events affecting results, the company expects a strong second half of the year. A live conference call will be held on May 25, 2021, to discuss financial results and updates.
Fusion Fuel Green PLC (NASDAQ: HTOO) announced a collaboration with Consolidated Contractors Group S.A.L. (CCC) to develop green hydrogen plants in the Middle East. This partnership will focus on producing green hydrogen for clients in the refining and petrochemical sectors, aiming to reduce their carbon footprint. Projects will be initiated in Oman, Kuwait, and Qatar, leveraging the region’s solar potential and demand for green hydrogen. This cooperation marks a significant opportunity for Fusion Fuel to expand its market presence in a strategic area between Europe and Asia.
Dublin-based Fusion Fuel Green (NASDAQ: HTOO) has entered a collaboration with Elecnor Group to develop green hydrogen projects in Spain utilizing its HEVO-SOLAR technology. This partnership aims to build solar-to-hydrogen plants, leveraging Elecnor's extensive expertise in renewable energy infrastructure. The initiative supports Spain's national hydrogen strategy, focusing on cost-effective clean hydrogen production to meet decarbonization goals. Elecnor's robust experience in industrial plant construction is expected to bolster Fusion Fuel's position in the growing Spanish green hydrogen market.
Fusion Fuel Green (NASDAQ: HTOO) has entered a Memorandum of Understanding with Grupo Zoilo Ríos to develop Spain's first green hydrogen production facility adjacent to a service station. The agreement includes the inaugural Hydrogen Purchase Agreement with a gas station operator in Spain, targeting a production of up to 120 tons of green hydrogen annually as the hydrogen mobility market grows. Utilizing its patented HEVO-SOLAR technology, Fusion Fuel aims to supply emissions-free hydrogen while supporting Spain's National Hydrogen Strategy.
Fusion Fuel Green PLC (NASDAQ: HTOO) has signed a Memorandum of Understanding with Magnesitas De Rubian to explore integrating green hydrogen and carbon capture in mining operations. This collaboration aims to reduce carbon intensity and accelerate climate neutrality in mining. The project involves installing up to 10,000 HEVO-SOLAR units to produce 20,000 tons of green hydrogen annually, with part used for industrial heat and the rest for synthetic fuel production. This initiative aligns with Fusion Fuel's mission to supply innovative green hydrogen solutions and supports sustainable mining practices.
Fusion Fuel Green PLC (NASDAQ: HTOO) has entered into a Memorandum of Understanding with BGR Energy Systems Limited to develop green hydrogen projects in India. An initial demonstrator plant will be installed in Cuddalore, Tamil Nadu by late 2021, utilizing Fusion Fuel's HEVO-SOLAR technology. This partnership aims to leverage BGR Energy's extensive network for larger projects focused on producing hydrogen for green ammonia and bio-ethanol. The increasing demand for hydrogen in India, projected to grow from 6 million tons to 28 million tons by 2050, highlights the significance of this collaboration.
Fusion Fuel Green PLC (NASDAQ: HTOO) has announced a Memorandum of Understanding (MoU) with the Confederación Española de Empresarios de Estaciones de Servicio (CEEES) to develop green hydrogen production in Spain. This partnership aims to establish a domestic hydrogen refueling network using Fusion Fuel's HEVO-SOLAR electrolyzer technology. The initiative supports Spain's National Hydrogen Strategy, which emphasizes decarbonization and sustainable mobility. Fusion Fuel targets the production of 20,000 tons of green hydrogen annually by 2025, leveraging Spain's solar resources for cost-competitive hydrogen production.
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