Fusion Fuel and BrightHy Solutions Forge €30 Million Partnership for Hydrogen Infrastructure Expansion
Key Ideas
  • BrightHy Solutions, a Fusion Fuel subsidiary, signed a non-binding Term Sheet outlining a strategic partnership for investing €30 million in hydrogen projects and infrastructure.
  • The investments will focus on mid-scale hydrogen infrastructure projects with individual project investment sizes ranging from €2 million to €10 million.
  • The investment entity will be managed by BrightHy Solutions under a 10-year management agreement, ensuring oversight and governance by a board of directors and investment committee.
  • The partnership aims to deliver sustainable, financial viable projects with minimum unlevered returns while leveraging BrightHy Solutions' expertise in the hydrogen industry.
Fusion Fuel Green PLC announced a significant development in the hydrogen sector, with its subsidiary Bright Hydrogen Solutions Ltd entering a non-binding Term Sheet for a strategic partnership involving a €30 million commitment for hydrogen infrastructure investments. The partnership aims to direct these funds into mid-scale hydrogen projects, focusing on sustainability and financial benchmarks to ensure long-term value. The investment entity, to be predominantly owned by the Partner, will be managed by BrightHy Solutions under a 10-year agreement, providing governance through a board of directors and investment committee. The agreements under discussion will include customary clauses, termination rights, and conditions such as due diligence and legal structuring advice. Frederico Figueira de Chaves, CEO of BrightHy Solutions, expressed enthusiasm for the initiative, highlighting their expertise and readiness to drive attractive hydrogen projects. This strategic move signifies a step towards scaling clean hydrogen solutions and creating value for stakeholders in the hydrogen industry.
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