Fusion Fuel Green Hosts First Quarter 2024 Investor Update
June 05 2024 - 6:05AM
Fusion Fuel Green plc (NASDAQ: HTOO) ("Fusion Fuel"), an emerging
leader in the green hydrogen sector, today announced financial
results for the first quarter ended March 31, 2024. The
quarterly shareholder letter is available at
https://ir.fusion-fuel.eu/financials-filings/earnings-releases
First Quarter 2024 Highlights
- Received notification of IPCEI
approval from European Commission for 630 MW HEVO-Portugal
Project
- Raised ~€6 million from
at-the-market program to strengthen capital position
- Awarded €1.015 million grant from
European Commission as part of H2tALENT consortium
- Received provisional grant approval
for 25 MW HEVO-Aveiro green hydrogen project
- Convened EGM to secure shareholder
approval allowing the Company to allot securities above 20% annual
cap
Subsequent Events
- Drew down on the first tranche
($1.15 million) of the Macquarie convertible note facility
- Completed installation of 300 kW
HEVO-Chain system for global cement major
- Signed tech sale contract for 100
kW HEVO-Chain system for hospital client in Iberia
- Implemented portfolio approach with
strategic commercial relationships with opportunity for
multi-project follow-on
Fusion Fuel will host a live conference call and webcast today,
June 5, 2024.
- Time: 10:00am ET / 3:00pm WEST
- Participant Dial-In: +1 (312) 248-9348
- Participant ID: 870646
- Participant Passcode: 3919
- Webcast registration page:
https://www.bigmarker.com/inscricao/Q1-2024-Update-Fusion-Fuel
The webcast may also be accessed through the Events page on the
Fusion Fuel website (www.fusion-fuel.eu). A playback will be
available for replay online for a period of time following the
call.
About Fusion Fuel Green plc
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, flexibility,
and reliability in the design and deployment of small-to-midscale
green hydrogen solutions. Its business lines include the sale of
its electrolyzer systems, the development and sale of turnkey
hydrogen plants, and the provision of end-to-end project
engineering and advisory services. Learn more about Fusion Fuel by
visiting our website at https://www.fusion-fuel.eu, and by
following us on LinkedIn.
Investor Relations Contactir@fusion-fuel.eu
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