Fusion Fuel Green PLC Announces Strategic Partnership for Hydrogen Investments
Key Ideas
- Fusion Fuel Green PLC, through its subsidiary BrightHy Solutions, signed a non-binding Term Sheet for a strategic partnership focusing on hydrogen projects and infrastructure.
- The Partner is expected to invest up to €30 million over four years in mid-scale hydrogen infrastructure projects, with investment sizes ranging from €2 million to €10 million per project.
- BrightHy Solutions will manage the investment entity under a 10-year agreement, ensuring oversight by a board of directors and investment committee.
- The CEO of BrightHy Solutions expressed excitement for the partnership, emphasizing the company's expertise in the hydrogen industry and its commitment to delivering value through clean hydrogen solutions.
In a recent announcement, Fusion Fuel Green PLC revealed a strategic partnership agreement through its subsidiary, Bright Hydrogen Solutions Ltd, aimed at advancing investments in hydrogen projects and infrastructure. The non-binding Term Sheet outlines this collaborative effort with an integrated green energy technologies provider, where the Partner intends to invest up to €30 million over four years. The focus will be on mid-scale hydrogen infrastructure projects, with individual investments ranging between €2 million and €10 million, all geared towards achieving specific sustainability and financial benchmarks. Managed by BrightHy Solutions, the investment entity will operate under a 10-year agreement, overseen by a board of directors and investment committee. The company's CEO, Frederico Figueira de Chaves, expressed optimism about the development, highlighting BrightHy Solutions' proficiency in the hydrogen sector and its commitment to driving value through clean hydrogen solutions. This initiative marks a significant stride in scaling clean hydrogen solutions and fostering long-term value for stakeholders, reflecting a positive outlook on the future of hydrogen investments.