Fusion Fuel Receives First Payment in Sale of Shares of P2X Spain

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].