Fusion Fuel Green PLC Subsidiary BrightHy Solutions Secures €30 Million Hydrogen Investment Term Sheet
TL;DR
Fusion Fuel Green's subsidiary Bright Hydrogen Solutions Ltd secures a potential €30 million partnership, offering a strategic edge in mid-scale hydrogen infrastructure projects.
BrightHy Solutions will manage projects ranging from €2 million to €10 million under a 10-year agreement, subject to due diligence and regulatory conditions.
This partnership advances decarbonization efforts in hard-to-abate industries, contributing to a greener future through innovative hydrogen solutions.
Fusion Fuel Green PLC partners to fund hydrogen projects, marking a significant step towards sustainable energy with a €30 million investment potential.
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Fusion Fuel Green PLC (Nasdaq: HTOO), a leader in integrated energy solutions, has announced a significant milestone for its subsidiary BrightHy Solutions Ltd. The company has signed a non-binding term sheet for a strategic partnership that could see up to €30 million invested over four years into mid-scale hydrogen infrastructure projects. This partnership with a green energy technologies provider aims to fund projects ranging from €2 million to €10 million, managed by BrightHy Solutions under a 10-year agreement. The investment will be channeled through special purpose vehicles owned by a new investment entity, majority-owned by the partner.
The collaboration underscores the growing importance of hydrogen as a clean energy source in the global effort to decarbonize industries that are difficult to abate. The projects funded under this partnership are expected to leverage BrightHy Solutions' expertise in delivering innovative engineering and advisory services, further solidifying Fusion Fuel Green's position in the energy services sector. However, the entry into binding agreements is contingent upon the completion of due diligence, structuring, and meeting regulatory conditions.
This development is a testament to the increasing investor confidence in hydrogen technologies and their role in the transition to a low-carbon economy. For more details on the announcement, visit https://ibn.fm/Z7jBX.
Curated from InvestorBrandNetwork (IBN)
