Fusion Fuel Green PLC (Nasdaq: HTOO) has announced a significant advancement in its hydrogen infrastructure projects through its subsidiary, BrightHy Solutions Ltd. The company has signed a non-binding term sheet for a strategic partnership with a green energy technologies provider, potentially unlocking up to €30 million in investment over four years. This funding is earmarked for mid-scale hydrogen infrastructure projects, which will be managed by BrightHy Solutions under a 10-year agreement.
The projects, ranging from €2 million to €10 million, will be funded through special purpose vehicles owned by a new investment entity, majority-owned by the partner. This collaboration underscores the growing importance of hydrogen as a clean energy source and its potential to decarbonize industries that are difficult to abate. However, the entry into binding agreements is contingent upon the completion of due diligence, structuring, and meeting regulatory conditions.
This development is a testament to the increasing investor confidence in hydrogen technologies and their role in the global transition to sustainable energy. For more details on the announcement, visit https://ibn.fm/Z7jBX.
