Fusion Fuel Says It Received Notification Of IPCEI Approval From European Commission For 630 MW HEVO-Portugal Project
Portfolio Pulse from Benzinga Newsdesk
Fusion Fuel announced receiving approval from the European Commission for its 630 MW HEVO-Portugal project under the IPCEI framework. This marks a significant step for the company in advancing green hydrogen production in Europe.
February 16, 2024 | 9:32 am
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Fusion Fuel's HEVO-Portugal project receives European Commission approval, a crucial development for the company's green hydrogen production ambitions in Europe.
The approval of the HEVO-Portugal project by the European Commission under the IPCEI framework is a significant milestone for Fusion Fuel (HTOO). It not only validates the company's technology and project planning but also potentially opens up access to funding and support at the European level. This approval is likely to be viewed positively by investors and could lead to increased investor confidence in the company's future prospects, potentially driving up the stock price in the short term.
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