SABUGO,
Key 2023 Highlights
- Entered into green hydrogen offtake agreements with
Dourogas and Hydrogen Ventures - Entered into partnership agreements with Toyota Material Handling España,
Duferco Energia , andElemental Clean Fuels - Awarded ~€17 million in project grant funding
- Commercialized turnkey, modular HEVO-Chain solution for a global leader in the building materials industry
- Headcount has reduced by ~30% from highest point in 1Q23; operating costs have reduced 22% year over year
- Published inaugural ESG Report
- Recognized first revenues; cumulatively booked €4 million in 2023
- Received two orders for 1.25 MW HEVO-Chain green hydrogen systems to be delivered to projects in
Portugal in 2024 - Signed securities purchase agreement with
Belike Nominees Pty Ltd. , aMacquarie Group Company
Subsequent Events
- Received notification of IPCEI approval from
European Commission for 630MW HEVO-Portugal Project - Raised ~€6 million from at-the-market program to strengthen capital position
- Awarded €1.015 million grant from
European Commission as part of H2tALENT consortium
Fusion Fuel will host a live conference call and webcast today,
- Time:
10:00am ET /3:00pm WEST - Participant Dial-In: +1 (312) 248-9348
- Participant ID: 033156
- Participant Passcode: 8266
- Webcast registration page: https://www.bigmarker.com/inscricao/Q4-Update-Fusion-Fuel
The webcast may also be accessed through the Events page on the Fusion Fuel website (www.fusion-fuel.eu). A playback will be available for replay online for a period of time following the call.
About
Fusion Fuel is rapidly emerging as a leader in the green hydrogen sector committed to accelerating the energy transition through the development of disruptive, clean hydrogen solutions. Fusion Fuel’s patented miniaturized Proton Exchange Membrane (PEM) electrolyzer, the HEVO, and building-block approach to green hydrogen production, unlock unprecedented modularity and flexibility in the design and deployment of cost-competitive, decentralized green hydrogen solutions. Its business lines include the sale of its electrolyzer technology to customers interested in building their own green hydrogen production, the development of turnkey hydrogen plants to be owned and operated by Fusion Fuel, and the sale of green hydrogen as a commodity to end-users through long-term hydrogen purchase agreements. Learn more about Fusion Fuel by visiting our website at https://www.fusion-fuel.eu, and by following us on LinkedIn.
Investor Relations Contact
ir@fusion-fuel.eu
Source:
2024 GlobeNewswire, Inc., source