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Fusion Fuel Welcomes Prime Minister of Portugal António Costa to Benavente Electrolyzer Facility
Visit follows approval of €36 million grant for Fusion Fuel’s Sines Green Hydrogen Valley Alliance through Component 5 of Portugal’s National Recovery and
About this update from Fusion Fuel Green Plc
[{"type":"text","content":"Visit follows approval of €36 million grant for Fusion Fuel’s Sines Green Hydrogen Valley Alliance through Component 5 of Portugal’s National Recovery and Resilience Plan; included tour of PEM electrolyzer factory and ceremonial declaration of grant approval\nSABUGO, Portugal, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQ: HTOO) announced today that the company welcomed a delegation including Prime Minister António Costa, Mayor of Benavente, Carlos Coutinho, Secretary of State for the Economy, Pedro Cilínio, and Secretary of State for Energy and Climate, Ana Fontoura Gouveia, along with representatives from the Portuguese Agency for Competitiveness and Innovation, I.P. (‘IAPMEI’) and the Municipality of Sines to its Benavente electrolyzer factory yesterday morning. The site visit was part of a country-wide tour of the fifty-one consortia that were approved for financing through Component 5 (“C-05”) of Portugal’s National Recovery and Resilience Plan. The company had previously announced that its consortium, the Sines Green Hydrogen Valley Alliance, had been approved for €36 million in C-05 funding late last year. Several consortium members were also in attendance. The visit began with a tour of the Benavente facility and HEVO micro-electrolyzer production lines led by members of Fusion Fuel’s executive team – Andre Antunes, Jaime Silva, and Frederico Figueira de Chaves. This was followed by an institutional event for the Sines Green Hydrogen Valley Alliance, which featured speeches by Fusion Fuel’s Pedro Caçorino Dias, Portugal’s Secretary of State for the Economy, Pedro Cilínio, and Portugal’s Prime Minister, António Costa. The event concluded with a ceremony formally recognizing the approval of the Sines Green Hydrogen Valley Alliance for C-05 funding. Pedro Caçorino Dias, Fusion Fuel’s Head of Portugal, who leads the consortium, commented on the visit: “It was a great honor to welcome the Prime Minister and members of his cabinet to our world-class electrolyzer factory in Benavente and introduce the groundbreaking work underway here. Our HEVO micro-electrolyzer technology lies at the heart of our differentiated offering, enabling us to build a market-leading position in Portugal. While we are moving quickly to establish a footprint in strategic markets worldwide, Portugal remains a core market and we remain committed ...