Fusion Fuel Receives €1 Million Grant from European Innovation Fund for Alentejo Green Hydrogen Valley through H2tALENT Consortium
March 04 2024 - 4:00AM
Fusion Fuel (NASDAQ: HTOO) (the “Company”) announced today that it
has received approval for a €1.015 million grant from the European
Innovation Fund’s Horizon Europe Programme. The Company was
included as a member of H2tALENT, a consortium of 29 partners from
six countries across Europe and sponsored by the Universidade de
Évora. H2tALENT was one of three consortia funded in the topic
(HORIZON-JTI-CLEANH2-2023-1), which was created to develop
small-scale hydrogen valleys that demonstrate the decarbonization
potential of hydrogen and cover the entire value chain from
research & development through to end-use.
H2tALENT’s submission to the funding call, the
Alentejo Hydrogen Valley, is aimed at bringing together pioneering
initiatives and state-of-the-art technologies across the value
chain to accelerate the development of the local hydrogen economy
in the Alentejo region of Portugal. The projects envisioned within
the hydrogen valley would produce over 1,200 tonnes of green
hydrogen per annum, to be used by multiple offtakers within the
industrial ecosystem in Sines, with the deepwater port representing
a strategic multi-modal hub for integration within the broader
European economy.
The scope of Fusion Fuel’s contribution to the
consortium relates to its continuing commitment to developing and
providing electrolyzer technology to green hydrogen projects in the
Alentejo region, which began with the Company’s demonstration
projects in Evora. Furthermore, Fusion Fuel’s production facility
in Benavente, within the Alentejo region, is strategically located
to supply electrolyzer technology to the hydrogen ecosystem
envisioned by the H2tALENT consortium. The grant funds awarded will
go towards automation equipment for the Company’s Evora
demonstration facility, along with engineering work for the Sines I
project.
Pedro Caçorino Dias, Fusion Fuel’s Head of
Commercial for Portugal, commented, “We are thrilled to receive
this grant from the European Innovation Fund’s Horizon Europe
Programme, which highlights our commitment to advancing the green
hydrogen economy within the Alentejo region. It is an honor to have
been selected by the University of Evora last year to join the
H2tALENT consortium, which has enabled us to collaborate with
leading players within the hydrogen ecosystem across Europe. This
grant will propel our efforts in Evora and Sines, further
solidifying our position as a key player in the transition towards
a sustainable energy future.”
About Fusion Fuel Green plc
Fusion Fuel is rapidly emerging as a 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. Learn more about Fusion
Fuel by visiting our website at https://www.fusion-fuel.eu, and by
following us on LinkedIn.
Investor Relations
Contact
ir@fusion-fuel.eu
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