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Fusion Fuel Signs Contract with Exolum to Develop 0.42 MW PEM Electrolyzer Plant and Hydrogen Refueling Station
DUBLIN, Ireland, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQ: HTOO), ("Fusion Fuel"), a green hydrogen technology company, announced today
About this update from Fusion Fuel Green Plc
[{"type":"text","content":"DUBLIN, Ireland, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQ: HTOO), (\"Fusion Fuel\"), a green hydrogen technology company, announced today that it has signed a contract with Exolum, a leading European fuel logistics and storage provider, to develop a turnkey solar-to-hydrogen plant to supply green hydrogen to Madrid, Spain. Fusion Fuel will install 21 of its HEVO-SOLAR units along with a co-located refueling station, which will serve as proof of concept of hydrogen for mobility applications. In addition to producing hydrogen from solar radiation during the daytime, the facility is expected to double its output by leveraging other sources of renewable energy to produce emissions-free hydrogen at night. Fusion Fuel’s Head of Business Development, João Wahnon, commented, “This project represents a significant milestone for both Fusion Fuel and Exolum. It will be the first ever third-party sale of our integrated solar-to-hydrogen technology, which will supply the green hydrogen for one of Spain’s first hydrogen refueling stations. We could not have asked for a better partner than Exolum, which has taken bold action to transform its business to address the monumental challenges posed by the energy transition. This project is consistent with Spain’s goal to develop a comprehensive hydrogen refueling corridor in the country, and we believe it has the potential to position Fusion Fuel as a leading provider of the green hydrogen technology that Exolum and others will employ to enable Spain to achieve its decarbonization objectives.” Andres Suárez, Exolum’s Global Strategy & Innovation Lead, highlighted, “We are very happy with this agreement as it represents an important step for Exolum in the development of this energy vector. Conversations are already being held with potential hydrogen users, who have expressed their interest in accessing a fixed facility for the supply of green hydrogen in the Madrid Region, thus supporting their plans to incorporate such vector into their heavy vehicle fleets, both buses and lorries.” About Fusion Fuel Green PLC Fusion Fuel Green plc. is an emerging leader in the green hydrogen space, committed to accelerating the energy transition and decarbonizing the global energy system by making zero-emissions green hydrogen commercially viable and accessible. Fusion Fuel has created a revo...