Company Overview - Fusion Fuel Green plc is an emerging leader in the green hydrogen sector, focusing on accelerating the energy transition through innovative clean hydrogen solutions [4] - The company's patented miniaturized Proton Exchange Membrane (PEM) electrolyzer, HEVO, offers modularity, flexibility, and reliability in small-to-midscale green hydrogen production [4] - Business lines include the sale of electrolyzer systems, development and sale of turnkey hydrogen plants, and provision of end-to-end project engineering and advisory services [4] Financial and Operational Highlights - The company announced financial results for the first quarter ended March 31, 2024, with a quarterly shareholder letter available online [1] - Raised approximately €6 million through an at-the-market program to strengthen its capital position [5] - Received a €1.015 million grant from the European Commission as part of the H2tALENT consortium [5] - Drew down the first tranche ($1.15 million) of the Macquarie convertible note facility [5] Project Developments - Received notification of IPCEI approval from the European Commission for the 630 MW HEVO-Portugal Project [5] - Secured provisional grant approval for the 25 MW HEVO-Aveiro green hydrogen project [5] - Completed installation of a 300 kW HEVO-Chain system for a global cement major [5] - Signed a technology sale contract for a 100 kW HEVO-Chain system for a hospital client in Iberia [5] Strategic Initiatives - Implemented a portfolio approach with strategic commercial relationships, enabling multi-project follow-on opportunities [5] - Convened an Extraordinary General Meeting (EGM) to secure shareholder approval for allotting securities above the 20% annual cap [5] Investor Engagement - Hosted a live conference call and webcast on June 5, 2024, to discuss first-quarter results and updates [2][3] - The webcast is accessible through the company's website, with a replay available for a limited time [3]
Fusion Fuel Green Hosts First Quarter 2024 Investor Update