Fusion Fuel Bags Purchase Order from Portuguese Energy Company for 1.25 MW Electrolyzer Facility
Portfolio Pulse from Benzinga Newsdesk
Fusion Fuel (NASDAQ:HTOO) has secured a sales contract with a Portuguese energy company for a 1.25 MW HEVO-Chain Series NC electrolyzer. The system will use Fusion Fuel's HEVO™ technology to deliver green hydrogen solutions. The project, funded by the European Commission, aims to produce, store, and distribute green hydrogen for the transport sector in northern Portugal and is expected to be operational by the end of 2024.
November 08, 2023 | 9:01 am
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Fusion Fuel's new sales contract for a 1.25 MW electrolyzer facility in Portugal could potentially boost its revenues and strengthen its position in the green hydrogen market.
The sales contract with the Portuguese energy company for the 1.25 MW electrolyzer facility is a significant development for Fusion Fuel. It not only provides a new revenue stream but also strengthens the company's position in the green hydrogen market. The project's funding by the European Commission further validates the company's technology and its potential in the green energy sector.
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