Fusion Fuel Submits Three Green Hydrogen Projects To Spanish H2 Pioneers II Program
Portfolio Pulse from Happy Mohamed
Fusion Fuel (NASDAQ:HTOO) has submitted three green hydrogen projects to the H2 Pioneers II program, a part of the Spanish Recovery, Transformation and Resilience Plan (PERTE). The projects, with a combined electrolysis capacity of 13 MW, will be powered by Fusion Fuel's HC-Series NC technology. The company has secured offtake and power purchase agreements for all three projects, which would produce over 1,500 tonnes of green hydrogen annually. Fusion Fuel has requested €24.7 million in subsidies for these projects.
August 17, 2023 | 8:06 pm
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Fusion Fuel's submission of three green hydrogen projects to the H2 Pioneers II program could potentially boost the company's revenues and market position if approved.
The submission of these projects to the H2 Pioneers II program indicates Fusion Fuel's commitment to expanding its green hydrogen operations. If approved, these projects could significantly increase the company's production capacity and revenues, thereby potentially boosting its stock price.
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