Fusion Fuel Secures €30 Million Financing for Green Hydrogen Project in Spain
Fusion Fuel, through its subsidiary BrightHy Solutions, has signed binding contracts for a new project platform, funded up to €30 million. The funding will be disbursed in three tranches of €10 million each, contingent on project approvals. The first project will establish a green hydrogen production facility in Spain, aimed at supplying the cement industry, with construction expected to begin in Q1 2026. This initiative aligns with recent EU investments in hydrogen infrastructure, supporting Fusion Fuel's strategy for industrial decarbonization.
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Fusion Fuel is advancing its green hydrogen expansion plans, securing binding contracts through its subsidiary BrightHy Solutions for a new project platform, financed up to €30 million. The funding will be released in three installments of €10 million, linked to project approvals.
The initial project involves a green hydrogen production facility in Spain, with a formal development plan now established. Construction is scheduled to start in Q1 2026. This project aligns with EU initiatives to boost hydrogen infrastructure, enhancing Fusion Fuel's position in industrial decarbonization.
The company also reported progress in other areas, including engineering contracts in Dubai and a biomass project in South Africa. Key upcoming milestones include the start of construction in Spain and the operational launch of the South African project.
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