Financial Performance & Position - Fusion Fuel reported revenues of €0.5 million and cost of sales of €0.5 million in Q1 2021, related to component sales to a production partner[13] - The company's operating loss for Q1 2021 was €6.5 million, influenced by share-based payment expenses[13] - Fusion Fuel's cash and cash equivalents at the end of Q1 2021 stood at €61.8 million[13] Strategic Partnerships & Projects - Fusion Fuel signed multiple Memorandums of Understanding (MoUs) to explore green hydrogen projects, including with Grupo Industrial CL, CEEES, Magnesitas De Rubian, and ZOILO RIOS[13] - A partnership with BGR Energy Systems was established for projects in India[13] - Fusion Fuel is collaborating with Elecnor to develop green hydrogen projects in Spain[27] - A cooperation agreement was formed with Consolidated Contractors Company (CCC) to develop pilot plants in Kuwait, Oman, and Qatar[28] - Heads of Agreement with Ampol to install a demonstrator plant at Ampol's Lytton refinery site[31] Key Milestones & Developments - Development of a utility-scale demonstrator plant in Evora has commenced, deploying 55 HEVO-SOLAR units with a production target of approximately 60 tons of green hydrogen per year[13, 24] - The company is constructing an automated production facility in Benavente, Portugal, with an area of approximately 15,000 square meters, with initial production lines targeted for Q3 2021[33, 37] - Fusion Fuel is actively pursuing R&D, including partnerships with Fraunhofer in Germany and the University of New South Wales in Australia, to improve existing processes and develop new technologies[35]
Fusion Fuel Green PLC(HTOO) - 2021 Q1 - Earnings Call Presentation