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Fusion Fuel Green PLC Secures First Payment in P2X Spain Equity Sale

Burstable News - Business and Technology News July 23, 2025
By Burstable News Staff
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Fusion Fuel Green PLC Secures First Payment in P2X Spain Equity Sale

Summary

Fusion Fuel Green PLC has received the first payment of €370,100 from the sale of its 50% equity interest in P2X Spain, marking a significant step in its green hydrogen initiatives.

Full Article

Fusion Fuel Green PLC (NASDAQ: HTOO) has announced the receipt of the first payment amounting to €370,100 as part of the sale of its former 50% equity interest in P2X Spain to EREE Desarrollos Empresariales. This payment follows the share transfer completed in December 2024 and the signing of a definitive agreement in February 2025. The total transaction is valued at €515,100, with the remaining amount contingent upon meeting certain post-transfer conditions.

The company has expressed its optimism regarding future collaborations with EREE and P2X Spain, particularly in advancing green hydrogen projects. This transaction underscores Fusion Fuel Green's commitment to fostering sustainable energy solutions and its strategic positioning in the green hydrogen sector. The move is indicative of the growing importance of green hydrogen in the global transition towards renewable energy sources, highlighting Fusion Fuel Green's role in this transformative industry.

For further details on this development, interested parties can refer to the full press release available here. This transaction not only represents a financial milestone for Fusion Fuel Green but also reinforces the company's dedication to innovation and sustainability in the energy sector.

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