Business
Fusion Fuel to Supply Hevo-Solar Technology to Hive Energy for Green Hydrogen Plant in Spain
DUBLIN, Ireland, Feb. 02, 2022 (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, Feb. 02, 2022 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQ: HTOO), (\"Fusion Fuel\"), a green hydrogen technology company, announced today that it will supply its pioneering solar-to-hydrogen technology to the British renewable energy developer, Hive Energy, which will develop and build a green hydrogen production plant in Spain. The project has a target production capacity of 7,500 metric tonnes of green hydrogen per annum and is currently in the administrative processing phase. The parties expect to commence installation of the project beginning in 2023. Hive Energy is a leading developer and reference partner for operators, industrial and logistics clients for the implementation of decarbonization and energy transition strategies. Hive Energy will continue with its plans to develop green hydrogen and hybrid renewable energy assets worldwide in close collaboration with key strategic partners and offtakers. The company also has a portfolio of over 3 gigawatts of green hydrogen and green ammonia production currently under development throughout Spain to supply the growing demand in the market. Commenting on the deal, João Wahnon, Fusion Fuel’s Head of Business Development, offered: “we are excited to announce our inaugural project with Hive Energy in Spain where we will be able to harness the excellent solar resource to drive high yields from our HEVO Solar technology. We are confident this project will serve as a stepping stone to a very significant portfolio of Hive Energy green hydrogen plants using Fusion Fuel’s revolutionary technology.” Giles Redpath, Hive Energy CEO, has spoken about the partnership with Fusion Fuel: “We are thrilled to be able to partner with such an innovative renewable process that we can learn and benefit from. I hope that this project is the start of an on-going partnership with Fusion Fuel that will allow us to continue creating suitable and efficient green hydrogen production.” About Fusion Fuel Green PLC Fusion Fuel is an emerging leader in the green hydrogen sector committed to accelerating the energy transition through the development of disruptive, clean hydrogen technology. Fusion has created a revolutionary, integrated solar-to-hydrogen solution that enables off-grid production of hydrogen with zero carbon-emissions. Fusion Fuel’s business lines include the sale of elect...