Fusion Fuel Green PLC (NASDAQ: HTOO) has announced the receipt of the first payment amounting to €370,100 as part of the sale of its former 50% equity interest in P2X Spain to EREE Desarrollos Empresariales. This transaction, which follows the share transfer in December 2024 and a definitive agreement signed in February 2025, is structured to total €515,100, contingent upon meeting certain post-transfer conditions. The company has expressed its optimism about the potential for future collaboration with EREE and P2X Spain in advancing green hydrogen projects, underscoring its commitment to sustainable energy solutions.
The significance of this transaction lies not only in the financial aspect but also in the strategic implications for Fusion Fuel Green PLC and the broader green energy sector. By divesting its stake in P2X Spain, Fusion Fuel is streamlining its focus towards innovative green hydrogen initiatives, a critical area in the global transition to renewable energy sources. This move could potentially accelerate the development of green hydrogen technologies, contributing to the reduction of carbon emissions in hard-to-abate industries.
For more details on the transaction, visit https://ibn.fm/eAGlX.
