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Fusion Fuel’s BrightHy Solutions and Houpu Global Clean Energy Sign Strategic Agency Agreement to Expand Hydrogen Infrastructure in Europe and Latin America
Globenewswire· 2025-07-17 13:07
Core Viewpoint - Fusion Fuel Green PLC's subsidiary, Bright Hydrogen Solutions, has signed an agency agreement with Houpu Global Clean Energy to enhance hydrogen refueling infrastructure in Iberia and Latin America [2][3]. Group 1: Agreement Details - BrightHy Solutions will serve as the authorized agent for Houpu Global Clean Energy's hydrogen product portfolio, utilizing its market experience and commercial network [3][4]. - The collaboration aims to accelerate hydrogen infrastructure projects that support industrial decarbonization and clean mobility solutions [3][4]. Group 2: Company Profiles - Fusion Fuel Green PLC provides integrated energy engineering and green hydrogen solutions, supporting decarbonization across various sectors [6]. - Bright Hydrogen Solutions focuses on hydrogen production through electrolysis, offering services throughout the hydrogen production value chain [7]. - Houpu Global Clean Energy specializes in hydrogen refueling and clean energy infrastructure, leveraging extensive engineering experience and manufacturing capabilities [8][9].
Fusion Fuel's BrightHy Solutions and Houpu Global Clean Energy Sign Strategic Agency Agreement to Expand Hydrogen Infrastructure in Europe and Latin America
GlobeNewswire News Room· 2025-07-17 13:07
Core Viewpoint - Fusion Fuel Green PLC's subsidiary, Bright Hydrogen Solutions, has signed an agency agreement with Houpu Global Clean Energy to enhance hydrogen refueling infrastructure in Iberia and Latin America [2][3]. Group 1: Agreement Details - BrightHy Solutions will serve as the authorized agent for Houpu Global Clean Energy's hydrogen product portfolio, utilizing its market experience and commercial network [3][4]. - The collaboration aims to accelerate hydrogen infrastructure projects that support industrial decarbonization and clean mobility solutions [3][4]. Group 2: Company Profiles - Fusion Fuel Green PLC provides integrated energy engineering and green hydrogen solutions, supporting decarbonization across various sectors [6]. - Bright Hydrogen Solutions focuses on hydrogen production through electrolysis, offering services throughout the hydrogen production value chain [7]. - Houpu Global Clean Energy specializes in hydrogen refueling and clean energy infrastructure, leveraging extensive engineering experience and manufacturing capabilities [8][9].
Fusion Fuel Green PLC Provides Shareholder Update on Strategic Progress and Outlook
Globenewswire· 2025-07-16 12:00
DUBLIN, July 16, 2025 (GLOBE NEWSWIRE) -- via IBN – Fusion Fuel Green PLC (NASDAQ: HTOO) ("Fusion Fuel" or the "Company"), a green hydrogen and integrated energy solutions provider, today shared a comprehensive shareholder update, spotlighting key operational milestones and strategic developments. Nasdaq Compliance Progress The company has taken a number of steps to regain compliance with its Nasdaq listing requirements. Most recently, the Company completed a 1-for-35 reverse stock split of its listed Class ...
Fusion Fuel Green PLC Announces Reverse Share Split to Regain Compliance with Nasdaq’s Minimum Bid Price Rule
Globenewswire· 2025-07-10 12:00
Core Points - Fusion Fuel Green PLC announced a 1-for-35 reverse share split of its Class A Ordinary Shares to regain compliance with Nasdaq's minimum bid price requirement [3][4] - The reverse share split will take effect on July 14, 2025, with the new CUSIP number being G3R25D 209 [2] - Following the reverse share split, the number of issued and outstanding Class A Ordinary Shares will decrease from approximately 27,418,159 to approximately 783,376 [5] Company Actions - The board of directors approved the reverse share split on June 25, 2025, during the Annual General Meeting [4] - Shareholders also approved an increase in the Company's authorized share capital to ensure 100,000,000 authorized Class A Ordinary Shares post-split [4][5] - The nominal value of each Class A Ordinary Share will be adjusted to $0.0035 as a result of the reverse share split [5] Shareholder Information - No fractional shares will be issued; any resulting fractional shares will be rounded up to the nearest whole share [6] - Registered shareholders will not need to take action to receive their post-split shares, and those holding shares electronically will see the changes reflected automatically [6] Company Overview - Fusion Fuel Green PLC is an energy company providing engineering, advisory, and fuel distribution solutions, actively expanding into new sectors and geographies [8]
Fusion Fuel Green PLC Announces Reverse Share Split to Regain Compliance with Nasdaq's Minimum Bid Price Rule
GlobeNewswire News Room· 2025-07-10 12:00
Core Points - Fusion Fuel Green PLC announced a 1-for-35 reverse share split to regain compliance with Nasdaq's minimum bid price requirement [3][5] - The reverse share split will reduce the number of issued and outstanding Class A Ordinary Shares from approximately 27,418,159 to approximately 783,376 [5] - The new nominal value of each Class A Ordinary Share will be adjusted to $0.0035 following the reverse share split [5] Company Actions - The reverse share split was approved by the board of directors on June 25, 2025, during the Annual General Meeting [4] - Shareholders also approved an increase in the Company's authorized share capital to ensure 100,000,000 authorized Class A Ordinary Shares post-split [4][5] - The reverse share split will not result in fractional shares; any resulting fractional shares will be rounded up to the nearest whole share [6] Trading Information - The Class A Ordinary Shares will continue to trade on Nasdaq under the symbol "HTOO" and will begin trading on a split-adjusted basis on July 14, 2025 [2] - The new CUSIP number for the Class A Ordinary Shares after the reverse share split will be G3R25D 209 [2]
Fusion Fuel Announces AGM Results: All Shareholder Proposals Approved
Globenewswire· 2025-06-25 20:00
Group 1 - Fusion Fuel Green PLC announced that all shareholder proposals were approved at the Annual General Meeting held on June 25, 2025 [1] - The approval fulfills Nasdaq's requirement for the Company to hold an Annual General Meeting as part of its delisting notice [2] - The first proposal's approval allows for a planned share consolidation of Class A Ordinary Shares, aimed at raising the share price above Nasdaq's $1.00 minimum bid price requirement [2] Group 2 - CEO John-Paul Backwell stated that the AGM and approval of all items are significant steps toward addressing legacy issues and focusing on growth targets for the year [3] - The Company aims to continue the strong trajectory of Al Shola Gas and advance BrightHy Solutions while exploring acquisition opportunities [3] - Fusion Fuel Green PLC is positioned as a leader in the energy services sector, providing a range of energy supply, distribution, and engineering solutions through its Al Shola Gas and BrightHy brands [3]
Fusion Fuel Announces Over $1.2 Million in New Gas Engineering Projects for Subsidiary Al Shola Gas, Building on Strong 2025 Contract Momentum
Globenewswire· 2025-06-24 16:05
Core Viewpoint - Fusion Fuel Green PLC's subsidiary, Al Shola Al Modea Gas Distribution LLC, has secured additional engineering and utility projects worth AED 4.4 million (~$1.2 million USD) in Dubai, indicating strong demand and commercial momentum in the UAE's energy infrastructure market [1][2]. Summary by Sections New Engineering Projects - Al Shola Gas has secured over $2.7 million in engineering contracts and 1,800 new residential service contracts since the beginning of 2025 [2]. - The new projects will convert to recurring revenue through long-term utility service contracts [4]. Utility Business and Bulk LPG Supply - Al Shola Gas has surpassed 12,000 active customers and expects continued growth in recurring revenue as contracted assets are commissioned [5]. - Bulk LPG supply remains robust, with current volumes exceeding 600 metric tons per month, with a target of reaching 800 metric tons monthly by year-end [6]. Company Strategy and Market Position - The combination of engineering revenue and high-margin recurring utility income reflects the company's strategy to build durable, cash-generating infrastructure assets in the region [7]. - Al Shola Gas is positioned as a preferred partner for developers needing reliable and efficient LPG system delivery and service [5]. Specific Project Details - Dubai Marina Development: DBOM contract for 620 residential apartments and 5 retail outlets, total contract value AED 885,000 [9]. - Business Bay Tower: High-rise with 242 apartments and 3 retail outlets, contract value AED 395,000 [9]. - Satwa Mid-Rise Development: 240 apartments, total contract value AED 2.6 million [9]. - Additional Cluster Projects: Four smaller projects across Dubai, collectively valued at AED 520,000 [9].
Fusion Fuel Green PLC Announces Forthcoming Annual General Meeting
Globenewswire· 2025-06-04 12:00
Core Points - Fusion Fuel Green PLC will hold its Annual General Meeting (AGM) on June 25, 2025, at 2:00 PM Dublin time [1] - Shareholders are encouraged to review the Notice of AGM, which includes six proposals for approval by the Board of Directors [2] - A key proposal is to authorize a reverse share split of the Company's Class A Ordinary Shares at a ratio between 4-to-1 and 40-to-1 to comply with Nasdaq's minimum bid price requirement of $1.00 per share [3] - CEO John-Paul Backwell emphasized that obtaining shareholder approval for the reverse share split will demonstrate the Company's progress towards compliance with Nasdaq listing requirements and long-term sustainability [4] - Fusion Fuel Green PLC is an energy company providing engineering, advisory, and fuel distribution solutions, actively expanding into new sectors and geographies to support energy transition [5]
BrightHy Solutions, a Fusion Fuel company, Forges Strategic Partnership with Sungrow Hydrogen to Deliver Cutting-Edge Hydrogen Solutions in Iberia
Globenewswire· 2025-05-29 12:00
DUBLIN, May 29, 2025 (GLOBE NEWSWIRE) -- via IBN -- BrightHy Solutions, a Fusion Fuel company and a leading provider of hydrogen solutions, is proud to announce a strategic agency and partnership agreement with Sungrow Hydrogen, a leading green hydrogen production solution provider specializing in water electrolysis technology. This collaboration aims to accelerate the deployment of cutting-edge hydrogen production equipment in Iberia, combining the expertise of both companies to drive the green energy tran ...
Fusion Fuel Green PLC Signs Non-Binding Heads of Terms for Strategic UK Energy Distribution Acquisition
Globenewswire· 2025-05-27 15:00
Core Viewpoint - Fusion Fuel Green PLC has signed non-binding Heads of Terms to acquire 100% equity of a UK-based fuel distribution business, indicating a strategic move to enhance its energy solutions portfolio [1][3]. Financial Performance of Target - For the fiscal year ending April 30, 2024, Target generated revenues of approximately $50 million and net income of approximately $5 million [2]. - In the following fiscal year ending April 30, 2025, Target achieved revenues of approximately $58 million and net income of approximately $7 million, reflecting strong growth [2]. Acquisition Details - The total consideration for the acquisition is £50 million, comprising £40 million in debt-financed cash and £10 million in Fusion Fuel ordinary shares, subject to shareholder approval and securities registration [3]. - The Heads of Terms include equity value protection provisions, such as downside price protection for sellers, a buy-back option, and an upside cap provision [4]. Definitive Agreements - The definitive agreements are expected to include customary representations, warranties, and covenants, along with termination rights and potential termination fees [5]. - Entry into definitive agreements will depend on legal, tax, and accounting structuring advice, satisfactory completion of due diligence, and satisfaction of conditions outlined in the Heads of Terms [5]. Exclusivity and Confidentiality - The Heads of Terms contain binding exclusivity and confidentiality terms, preventing Target from soliciting or negotiating with other parties for 90 days from the signing [6]. Strategic Commentary - The CEO of Fusion Fuel highlighted that the acquisition of Target represents a significant step in the company's growth journey, complementing its existing Al Shola Gas brand and expanding service offerings [7].