Fusion Fuel Shares Are Up Premarket Monday: What's Going On?
Portfolio Pulse from Lekha Gupta
Fusion Fuel Green PLC (NASDAQ:HTOO) shares rose in premarket trading after receiving a €1.015 million grant from the European Innovation Fund's Horizon Europe Programme for its involvement in the H2tALENT consortium. This consortium aims to develop hydrogen valleys demonstrating hydrogen's decarbonization potential. Fusion Fuel's role includes supplying electrolyzer technology for green hydrogen projects in Portugal's Alentejo region. The grant will fund automation equipment for the Evora demonstration facility and engineering for the Sines I project.
March 04, 2024 | 1:31 pm
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Fusion Fuel Green PLC received a significant grant for its green hydrogen projects in Portugal, indicating strong support for its technology and potential growth in the green energy sector.
The grant from the European Innovation Fund's Horizon Europe Programme is a strong endorsement of Fusion Fuel's technology and its role in the green hydrogen sector. This financial support is likely to enhance the company's project development capabilities, potentially leading to increased investor confidence and a positive impact on its stock price in the short term.
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