Fusion Fuel Green PLC(HTOO)
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Fusion Fuel Green PLC Executes Heads of Terms with Alien Energy Contemplating Landmark Industrial Decarbonization Project in South Africa
Globenewswire· 2025-09-15 12:28
Core Viewpoint - Fusion Fuel Green PLC has entered into a Heads of Terms agreement with Alien Energy to establish a joint venture for a biomass-powered steam energy project in South Africa, aimed at replacing fossil-fuel-based systems and promoting decarbonization [1][2]. Strategic Highlights and Decarbonization Impact - The joint venture will focus on developing a biomass-powered steam energy project at a large-scale dairy processing facility, which is expected to significantly reduce emissions and contribute to the Client's net-zero commitments [2][7]. - The project is designed to enable substantial industrial decarbonization and unlock recurring long-term revenue streams for the joint venture [2][5]. Financial Impact for Fusion Fuel - The project is anticipated to generate recurring annual revenues through a long-term steam supply agreement with the Client, with management drawings capped at ZAR 120,000 (approximately €5,880) per month [4]. - Fusion Fuel is expected to invest ZAR 10 million (approximately €480,000) for the construction and commissioning of the plant [7]. Joint Venture Structure - Fusion Fuel will hold a 51% ownership stake in the joint venture, while Alien Energy will retain the remaining 49% [7]. - The project aims to generate carbon credits from verified emissions reductions, which will be ring-fenced within the joint venture [7]. Management Commentary - The CEO of Fusion Fuel highlighted that this agreement represents a significant step in the company's strategy to deliver scalable decarbonization projects, leveraging Alien Energy's biomass-to-steam technology [5]. Definitive Agreements and Closing Timeline - The transaction is expected to close on or before October 1, 2025, with project commissioning targeted to commence by the end of the year [6].
Fusion Fuel Green PLC Announces Highlights of First Half 2025 Financial Results and Corporate Developments
Globenewswire· 2025-09-10 21:00
Core Insights - Fusion Fuel Green PLC reported significant financial progress in the first half of 2025, achieving approximately €6.9 million in revenue compared to no revenue in the same period of 2024, indicating a strong operational turnaround [3][7] - The company successfully reduced operating costs by 64% year-over-year, leading to an operating loss of approximately €2.9 million for the first half of 2025, down from €7.9 million in the same period of 2024 [3][7] - Fusion Fuel regained compliance with Nasdaq Listing Rules and transferred its securities to The Nasdaq Capital Market tier, enhancing its market position [3][7] Financial Performance - Revenue for the first half of 2025 was approximately €6.9 million, attributed to the acquisition of LPG engineering and distribution operations from Quality Industrial Corp. in November 2024 [7] - Operating loss decreased to approximately €2.9 million in the first half of 2025 from €7.9 million in the same period of 2024, reflecting a strategic reduction of loss-making operations [7] Corporate Developments - The company established Bright Hydrogen Solutions Ltd as a subsidiary to enhance its hydrogen solutions platform, signing strategic partnerships to expand services across Europe, Latin America, and Iberia [7] - Fusion Fuel signed non-binding heads of terms to acquire a UK fuel distribution company, which would further diversify its energy portfolio [7]
Fusion Fuel Green PLC Announces New and Renewed Utility Contracts and Associated Recurring Revenue Through Al Shola Gas Subsidiary
Globenewswire· 2025-09-08 11:00
Core Viewpoint - Fusion Fuel Green PLC's subsidiary, Al Shola Al Modea Distribution LLC, has secured two significant LPG utility engineering and supply contracts in Dubai, enhancing its revenue streams and market presence in the UAE [1][5]. Contract Details - The two contracts involve the installation and connection of central gas supply systems for 1,244 residential units, generating initial project revenue of approximately AED 680,000 (around $185,000) and recurring annual revenue of about AED 650,000 (approximately $177,000) [2]. - With these contracts, ASG's total LPG engineering revenues are projected to exceed $6.7 million in 2025, alongside expected annual recurring revenue of approximately $1.77 million from associated bulk LPG supply contracts [3]. Renewals and Future Projects - ASG has renewed several engineering and LPG supply contracts, anticipated to generate around AED 810,000 (approximately $217,000) in continued annual recurring revenue, contributing to the company's growth and earnings stability [4]. - A Letter of Intent for an additional engineering project has been signed, pending final contract approval, indicating further potential for revenue growth [4]. Company Strategy and Market Position - The CEO of Fusion Fuel highlighted the company's operational strength and the increasing demand in the region, emphasizing the establishment of ASG as a leading player in the utility services market [5]. - Fusion Fuel is focused on developing various projects and partnerships across renewable and conventional energy sectors, aiming to create a diversified, high-growth energy platform for long-term shareholder value [5]. Company Overview - Fusion Fuel Green PLC provides integrated energy engineering, distribution, and green hydrogen solutions, with operations in LPG supply and hydrogen solutions, supporting decarbonization across various sectors [6].
Fusion Fuel’s BrightHy Solutions Wins Tender Processes to Advance to Final Contract Negotiations for Two Green Hydrogen Projects in Southern Europe
Globenewswire· 2025-09-02 11:00
Core Insights - Fusion Fuel Green PLC's subsidiary, Bright Hydrogen Solutions Ltd, has been selected for final contract negotiations for two green hydrogen projects in southern Europe [1][2][3] - The first project involves a 2 MW hydrogen initiative for a cement company, with a potential €30 million commitment under a non-binding term sheet [2][5] - The second project is a hydrogen plant and refueling station in Portugal for a multinational construction company, where BrightHy Solutions will act as the engineering and installation partner [3][4] Project Details - The cement project aims to supply hydrogen and oxygen to support the client's decarbonization goals, marking the first project in the company's proposed hydrogen investment partnership structure [2][5] - The hydrogen plant and refueling station project will be executed in collaboration with strategic partners of BrightHy Solutions [3] - Both projects emerged from competitive tender processes and extensive due diligence by the involved parties [4] Company Overview - Fusion Fuel Green PLC provides integrated energy engineering, distribution, and green hydrogen solutions, supporting decarbonization across various sectors [6] - Bright Hydrogen Solutions aims to lead the hydrogen market through electrolysis solutions, focusing on safety, reliability, and efficiency throughout the hydrogen production value chain [7]
Fusion Fuel Green PLC to Release a Mid-Year Investor Update on September 17, 2025
Globenewswire· 2025-08-27 12:00
Core Viewpoint - Fusion Fuel Green PLC will release an Investor Update Presentation and Video on September 17, 2025, to provide updates on financial results and strategic developments [1][2]. Company Overview - Fusion Fuel Green PLC (NASDAQ: HTOO) specializes in integrated energy engineering, distribution, and green hydrogen solutions through its Al Shola Gas and BrightHy Solutions platforms [3]. - The company operates in the LPG supply and hydrogen solutions sectors, supporting decarbonization across industrial, residential, and commercial sectors [3]. - Fusion Fuel is headquartered in Ireland and has operations in Europe and the Middle East [3]. Upcoming Events - The Investor Update Presentation and Video will be available on the company's Investors page on its website [2]. - Management will discuss updates on the company's activities in Al Shola Gas and BrightHy Solutions, along with other strategic developments [2].
Fusion Fuel Signs Non-Binding Letter of Intent to Enter Joint Venture for Specialized Fuel Project in South Africa
Globenewswire· 2025-08-11 10:30
Core Viewpoint - Fusion Fuel Green PLC has signed a non-binding Letter of Intent to form a joint venture with a South Africa-based fuel company to deliver a specialized fuel solution for a project in South Africa, aligning with its strategic focus on revenue-generating energy investments [1][3]. Group 1: Joint Venture Details - The joint venture will utilize the Partner's proprietary boiler technology and is planned for deployment at a South African commercial facility, expected to provide immediate commercial use and strong visibility on cash flow [2]. - The LOI is non-binding and subject to satisfactory due diligence, with a target to finalize agreements in the third quarter of 2025 [2]. Group 2: Financial Aspects - Fusion Fuel will hold a 51% controlling interest in the joint venture, ensuring financial consolidation and strategic alignment [6]. - The total investment from Fusion Fuel into the joint venture will be €480,000 over four months, with payments linked to project milestones [6]. - The project is projected to generate approximately $248,000 in free cash flow during its first year and around $1.27 million over five years [6]. Group 3: Strategic Implications - The CEO of Fusion Fuel highlighted that this LOI represents a significant milestone in the company's commercial strategy, allowing for investment in an awarded project with immediate revenue implications [3]. - The potential transaction complements a previously announced non-binding Heads of Terms to acquire a UK-based energy distribution company, enhancing the company's portfolio value [3].
Fusion Fuel Announces New LPG Projects for Subsidiary Al Shola Gas
Globenewswire· 2025-07-25 12:00
Core Insights - Fusion Fuel Green PLC announced new projects through its subsidiary Al Shola Al Modea Gas Distribution LLC, focusing on liquefied petroleum gas (LPG) systems in Dubai, UAE [1][4] Group 1: Project Details - The largest new projects under contract are valued at over AED 1.9 million (approximately $517,000), including a 20-floor residential building with 722 apartments valued at AED 885,000 (approximately $241,000) and an 8-floor mixed-use development valued at AED 850,000 (approximately $232,000) [2] - Al Shola Gas confirmed several additional contracts with total estimated values of approximately AED 200,000 (approximately $54,000), contributing significantly to the project pipeline [3] Group 2: Market Demand and Company Strategy - Since the beginning of 2025, Al Shola Gas has averaged between 580 and 630 metric tons (MT) of bulk LPG and 160 to 180 MT of LPG in cylinders per month, indicating strong demand for LPG in the UAE market [4] - The CEO of Fusion Fuel highlighted that the new orders not only provide near-term revenue but also support the strategy to grow the energy services platform in the Gulf region, with the engineering team fully booked for the next 18 months [4] Group 3: Company Overview - Fusion Fuel Green PLC provides integrated energy engineering, distribution, and green hydrogen solutions, supporting decarbonization across various sectors [5]
Fusion Fuel Announces New LPG Projects for Subsidiary Al Shola Gas
GlobeNewswire News Room· 2025-07-25 12:00
Core Insights - Fusion Fuel Green PLC announced new projects through its subsidiary Al Shola Al Modea Gas Distribution LLC, focusing on liquefied petroleum gas (LPG) systems in Dubai, UAE [1][4] Project Details - The largest new projects are valued at over AED 1.9 million (approximately $517,000), including a 20-floor residential building with 722 apartments valued at AED 885,000 (approximately $241,000) and an 8-floor mixed-use development valued at AED 850,000 (approximately $232,000) [2] - Additional contracts have a total estimated value of approximately AED 200,000 (approximately $54,000), contributing significantly to Al Shola Gas's project pipeline [3] Market Demand - Since the beginning of 2025, Al Shola Gas has averaged between 580 and 630 metric tons (MT) of bulk LPG and 160 to 180 MT of LPG in cylinders per month, indicating strong demand for LPG in the UAE market [4] Strategic Outlook - The CEO of Fusion Fuel highlighted that these new orders enhance Al Shola Gas's market presence and support the company's strategy to grow its energy services platform in the Gulf region, with a fully booked engineering team for the next 18 months [4]
Fusion Fuel Green PLC Announces $4.3 Million Private Placement and Noteholder Agreements
Globenewswire· 2025-07-23 20:05
Core Points - Fusion Fuel Green PLC has entered into a definitive agreement for a private placement (PIPE) with investors, resulting in aggregate gross proceeds of $4.3 million [1][2] - The net proceeds from the PIPE will be used to fully repay outstanding Senior Convertible Notes and support general corporate and working capital purposes [1][2] - The CEO of Fusion Fuel stated that this transaction simplifies the capital structure and positions the company for growth in 2025 and beyond [3] Financial Details - The PIPE includes the issuance of 269,459 Class A Ordinary Shares, pre-funded warrants for 541,706 Class A Ordinary Shares at an exercise price of $0.0035, and warrants for 1,622,330 and 811,165 Class A Ordinary Shares at exercise prices of $4.926 and $9.852 respectively, both with a three-year exercise window [5] - The PIPE was conducted as a private placement exempt from registration under Section 4(a)(2) of the Securities Act and/or Rule 506(b) of Regulation D [2] Corporate Strategy - The company aims to use the funds to address legacy items while maintaining strong forward momentum and financial flexibility [3] - Fusion Fuel Green PLC provides integrated energy solutions, including green hydrogen solutions, supporting decarbonization across various sectors [3]
Fusion Fuel Receives First Payment in Sale of Shares of P2X Spain
Globenewswire· 2025-07-23 12:00
Core Insights - Fusion Fuel Green PLC has received the first payment related to the sale of its 50% equity interest in P2X Spain to EREE Desarrollos Empresariales, S.L. [1][2] - The payment of €370,100 is part of a total payment structure of €515,100 as per the definitive agreement dated February 7, 2025 [2]. Company Overview - Fusion Fuel Green PLC provides integrated energy solutions, focusing on green hydrogen through its AlShola Gas and BrightHy Solutions platforms [3]. - The company supports decarbonization across various sectors, including industrial, residential, and commercial [3]. Transaction Details - The sale involved the transfer of 1,500 shares, representing 50% of P2X Spain, completed on December 19, 2024 [2]. - The transaction was conditioned on certain subsequent required conditions, which included specific payments [2]. Future Outlook - The Interim Chief Financial Officer expressed optimism about future collaboration opportunities with EREE and P2X Spain in the green hydrogen sector [3].