Fusion Fuel (NASDAQ: HTOO) has announced its entry into a long-term green hydrogen offtake contract with a Spanish industrial group. According to the update, the hydrogen is to be produced at a 2.5 MW green hydrogen project in Toledo, Spain, that Fusion Fuel plans to develop in 2024. “We are excited to announce this agreement with a fellow pioneering company in the green hydrogen energy transition, in particular, because this project involves the decarbonization of an off-grid project, an application for which our modular technology and decentralized approach is uniquely well-suited,” said Javier Esteban, CEO of Fusion Fuel Spain. “We have highlighted our focus on emergent use-cases for hydrogen, but for us to move the needle in decarbonization, we also need to address legacy industrial segments as well.”
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About Fusion Fuel Green
Fusion Fuel is an emerging 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. For more information, please visit www.Fusion-Fuel.eu.
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