Articles from Fusion Fuel Green Public Limited Company

DUBLIN, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green Plc (NASDAQHTOO), a leading provider of energy and utility solutions, today announced it will host an Investor Update Presentation on Thursday, December 12, 2024, to discuss its recently announced transaction, introduce its group businesses, and share strategic plans and targets for the future.

DUBLIN, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQHTOO) (“Fusion Fuel” or the “Company”), a leader in full-service green hydrogen solutions, today announced the successful closing of its previously disclosed transaction to acquire a controlling stake in Quality Industrial Corp. (OTC Pink: QIND) (“QIND”) through a share exchange. The completion of this strategic acquisition strengthens Fusion Fuel’s position in the energy engineering, supply, and services business, creating a robust platform to capitalize on growing demand in the renewable energy and industrial gas sectors.

Acquisition of Profitable, Cash Flow-Generating Business Broadens Service Offerings Across Energy Value Chain

DUBLIN, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green Plc (“Fusion Fuel” or the “Company”) announced today that it has issued a damages claim against Hydrogenial S.A. (“Hydrogenial” or the “Investor”) and its principal, Mr. Norbert Bindner, following their failure to fund the $33.5 million Subscription Agreement disclosed in the Company’s Form 6-K on September 11, 2024. Under the terms of this agreement, entered into in good faith by the Company on August 28, 2024, the Investor committed to purchase an aggregate of 43,790,850 Class A ordinary shares (the "Class A Shares"), along with warrants to acquire an additional 13,137,254 Class A Shares, for a total purchase price of $33,500,000.

DUBLIN, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (“Fusion Fuel” or the “Company”) today announced that the Company received a letter (the “Staff Determination Notice”) from the staff of the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”). The Staff Determination Notice noted that on May 8, 2024, the Staff had notified the Company that it did not comply with the minimum $10,000,000 stockholders’ equity requirement for continued listing set forth in Nasdaq Listing Rule 5450(b)(1)(A), since the Company’s Form 20-F for the fiscal year ended December 31, 2023, reported stockholders’ equity of $3,022,125. The Staff Determination Notice also noted that the Company did not meet the continued listing requirements under the alternative standards for continued listing.

Ordinary shares will continue to trade on the Nasdaq Global Market, and the Company’s listing on such exchange is not affected by the receipt of the Notice

SABUGO, Portugal, June 05, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) ("Fusion Fuel"), an emerging leader in the green hydrogen sector, today announced financial results for the first quarter ended March 31, 2024. The quarterly shareholder letter is available at https://ir.fusion-fuel.eu/financials-filings/earnings-releases

SABUGO, Portugal, June 05, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQHTOO) announced today that it has signed a 100 kW electrolyzer supply contract for a hospital client in Iberia. The hospital intends to capture the green oxygen created as a byproduct of the electrolysis process for medical applications and to use the green hydrogen generated to produce emissions-free power for the facility. The project also includes an R&D workstream aimed at developing and testing new materials for the Gas Diffusion Layer and Porous Transport Layer within Fusion Fuel’s HEVO micro-electrolyzer technology. The company expects the R&D engagement to contribute additional technology and equipment supply revenue beyond the initial 100 kW system. The project reflects Fusion Fuel’s commitment to developing and delivering innovative solutions that help our customers realize their clean energy goals.

SABUGO, Portugal, May 31, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) announced today that it will be hosting a live conference call and webcast on Wednesday, June 5, 2024, to discuss first quarter financial results and operational highlights for the end-to-end green hydrogen solutions company.

DUBLIN, Ireland, May 15, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), an emerging leader in the green hydrogen sector, today announced that on May 8, 2024, the Company received a deficiency notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, since the Company’s Form 20-F for the fiscal year ended December 31, 2023 reported shareholders’ equity of $3,022,125, the Company no longer complied with Nasdaq listing rules (the “Rules”) requiring companies listed on the Nasdaq Global Market to maintain a minimum of $10,000,000 in shareholders’ equity.

SABUGO, Portugal, March 20, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQHTOO) (the “Company”) announced today that it has received provisional approval from the Portuguese government for an estimated €5 million in grant funding to support the development of a 25 MW green hydrogen project located in Aveiro, Portugal. The grant approval was awarded as part of the second funding call of the Component 14 (“C-14”) grant program which is focused on accelerating the energy transition by supporting the production of hydrogen and other renewable gases. The Company is also involved in a second submission for a 10 MW green hydrogen project, led by a Portuguese industrial company, which has also received funding approval. In total, there were 21 proposals that received provisional approval through the C-14 program.

SABUGO, Portugal, March 06, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) ("Fusion Fuel"), an emerging leader in the green hydrogen sector, today announced financial results for the fourth quarter ended December 31, 2023. The quarterly shareholder letter is available at https://ir.fusion-fuel.eu/financials-filings/earnings-releases

SABUGO, Portugal, March 04, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQHTOO) (the “Company”) announced today that it has received approval for a €1.015 million grant from the European Innovation Fund’s Horizon Europe Programme. The Company was included as a member of H2tALENT, a consortium of 29 partners from six countries across Europe and sponsored by the Universidade de Évora. H2tALENT was one of three consortia funded in the topic (HORIZON-JTI-CLEANH2-2023-1), which was created to develop small-scale hydrogen valleys that demonstrate the decarbonization potential of hydrogen and cover the entire value chain from research & development through to end-use.

SABUGO, Portugal, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) announced today that it will be hosting a live conference call and webcast on Wednesday, March 6, 2024, to discuss fourth quarter financial results and operational highlights for the green hydrogen solutions company.

SABUGO, Portugal, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQHTOO) (the “Company”) is pleased to announce that it has received notification from the European Commission that the Company’s HEVO-Portugal project was among 33 selected for approval under the Important Projects of Common European Interest (“IPCEI”) Hy2Infra program. The €650 million, 630 MW project is to be developed in Sines, Portugal, and would produce 62,000 tonnes of green hydrogen per annum. A portion of the green hydrogen is expected to be used in the production of green ammonia and exported from the Port of Sines to the Port of Rotterdam in the Netherlands. The balance would be consumed by industrial customers in the domestic Portuguese market.

SABUGO, Portugal, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) ("Fusion Fuel"), an emerging leader in the green hydrogen sector, today announced financial results for the third quarter ended September 30, 2023. The quarterly shareholder letter is available at https://ir.fusion-fuel.eu/financials-filings/earnings-releases

Contract further reinforces market acceptance of plug-and-play HEVO-Chain system, strengthens Fusion Fuel’s footprint in hydrogen mobility

DUBLIN, Ireland, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), an emerging leader in the green hydrogen sector, today announced that it has entered into an agreement with Macquarie Group’s Commodities and Global Markets business (“Macquarie”) for financing of up to $20 million of senior convertible notes (the “Financing”) pursuant to a securities subscription agreement (“Subscription Agreement”), subject to the satisfactions of certain conditions, as further set forth therein. The Financing will be conducted in several tranches based on the specific needs of the Company and the conditions set forth in the Subscription Agreement, with each tranche size, including the initial tranche size, to be determined by mutual agreement of Macquarie and the Company. Although subject to change, based on current market conditions, the initial tranche is not expected to be greater than 10% of the total Financing. Until the conditions precedent as described herein are satisfied or waived, there can be no assurance that any portion of the Financing will be consummated.

SABUGO, Portugal, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) announced today that it will be hosting a live conference call and webcast on Monday, December 4, 2023, to discuss third quarter financial results and operational highlights for the green hydrogen solutions company.

Agreement marks another important milestone in continued commercialization of HEVO-Chain system, advancing hydrogen mobility in northern Portugal

Ordinary shares will continue to trade on the Nasdaq Global Market, and the Company’s listing on such exchange is not affected by the receipt of the Notice

Milestone contract represents first sale of HEVO-Chain technology to replace the use of fossil fuels in the industrial sector

DUBLIN, Ireland, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) (“Fusion Fuel”), a green hydrogen solutions company, announced today that it has entered into definitive agreements with Elemental Clean Fuels (“Elemental”), a newly formed and funded development company focused on originating and developing clean fuel projects in North America. Elemental is led by Zach Steele and Jason Baran, formerly senior executives at Fusion Fuel, along with Jeff Crone, a former advisor to Fusion Fuel, all of whom have extensive management experience in the energy infrastructure sector in North America. Fusion Fuel is contributing several development assets from its broader project portfolio to Elemental in exchange for a minority equity ownership interest.

SABUGO, Portugal, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) announced today that it will be hosting a live conference call and webcast on Wednesday, August 30, 2023, to discuss second quarter financial results and operational highlights for the green hydrogen solutions company.

SABUGO, Portugal, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQHTOO) announced today that it has submitted three projects to the H2 Pioneers II program, the second such funding call for innovative green hydrogen projects within the framework of the Spanish Recovery, Transformation and Resilience Plan (PERTE). H2 Pioneers II has been allocated €150 million to support the implementation of innovative projects that combine the production and local consumption of renewable hydrogen, in particular for hard-to-abate sectors like industry and heavy mobility. Fusion Fuel had previously been awarded €3.3 million in grant funding in the inaugural H2 Pioneers funding call earlier this year.

SABUGO, Portugal, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQHTOO) announced today that it has entered into a long-term green hydrogen offtake contract with a Spanish industrial group. The hydrogen is to be produced at a 2.5 MW green hydrogen project in Toledo, Spain that Fusion Fuel plans to develop in 2024. Earlier this year the project was awarded €3.3 million in grant funding from Spain’s H2 Pioneros program.

SABUGO, Portugal, June 05, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) ("Fusion Fuel"), an emerging leader in the green hydrogen sector, today announced financial results for the first quarter ended March 31, 2023. The quarterly shareholder letter is available at https://ir.fusion-fuel.eu/financials-filings/earnings-releases

SABUGO, Portugal, June 05, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) is proud to announce the publication of its inaugural Environmental, Social and Governance (“ESG”) Report and the launch of its new ESG strategy: “Fueling a Sustainable Future.” The report is available on the Company’s website at: https://ir.fusion-fuel.eu/ESG_Report

SABUGO, Portugal, June 05, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) today announced several senior leadership changes to sharpen its strategic focus and seek to unlock long-term growth and profitability. Frederico Figueira de Chaves, currently Co-Head and Chief Financial Officer, has been appointed Chief Executive Officer of the Company. In addition, Gavin Jones, currently Chief Accounting Officer, has been appointed interim Chief Financial Officer of the Company, succeeding Frederico. André Antunes, currently Chief Production Officer, has been promoted to Chief Operating Officer of the Company. Jaime Silva, currently Chief Technology Officer, will add the title of Head of Innovation, more accurately reflecting the responsibilities of the role and the strategic importance of continuous innovation for a company in the dynamic and fast-paced green hydrogen sector. Zachary Steele and Jason Baran will be stepping down from their roles of Co-Head and Chief Commercial Officer, respectively, as well as Co-Presidents of the Americas, to pursue other opportunities in the hydrogen and clean fuel sector. Messrs. Steele and Baran have committed to work with the Company to ensure a seamless transition of responsibilities.

SABUGO, Portugal, May 22, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) announced today that it will be hosting a live conference call and webcast on Monday, June 5, 2023, to discuss first quarter financial results and operational highlights for the green hydrogen solutions company.

SABUGO, Portugal, May 03, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQHTOO) announced today that it has formally entered into a €2.46 million equipment supply contract with Consejo Superior de Investigaciones Científicas (‘CSIC’) for a 550 kW solar-to-green hydrogen project in Zaragoza, Spain. The company had previously been selected as the ‘best value proposal’ following the public tender for the project, which will be developed for Instituto de Carboquímica, a research centre within CSIC.

SABUGO, Portugal, March 28, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQHTOO) announced today that it has signed a ten year offtake contract with European developer Hydrogen Ventures Ltd for thirty tonnes of green hydrogen per annum. First orders are expected to be delivered in the fourth quarter of 2023. The hydrogen will be produced at the company’s projects in Evora, Portugal, where Fusion Fuel is expanding its production capacity to roughly 50 tonnes per annum by year end.

Project represents pioneering proof of concept for integrated, decentralized green hydrogen production and refueling infrastructure in Portugal

SABUGO, Portugal, March 07, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQHTOO) and Toyota Material Handling España, S.A. (‘TMHES') are pleased to announce that they have signed a collaboration agreement to promote the development of the green hydrogen fuel cell forklift market in Spain.

SABUGO, Portugal, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQHTOO) ("Fusion Fuel"), an emerging leader in the green hydrogen sector, today announced financial results for the fourth quarter ended December 31, 2022. The quarterly shareholder letter is available at https://ir.fusion-fuel.eu/financials-filings/earnings-releases

Grant marks first allocation of funds through PERTE program, continued maturation of Spanish project portfolio

SABUGO, Portugal, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) announced today that it will be hosting a live conference call and webcast on Tuesday, February 28, 2023, to discuss fourth quarter financial results and operational highlights for the green hydrogen solutions company.

SABUGO, Portugal, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel (Nasdaq: HTOO) announced today that the company signed the terms of acceptance for a €10 million grant at a ceremony hosted by Portuguese Prime Minister António Costa in Lisbon on February 15, 2023. This funding award had been approved through Component 14 (“C-14”) of Portugal´s Recovery and Resilience Plan. The company had previously disclosed the approval of the award for its HEVO-Industria project in August 2022, and with the formal signing of the terms of acceptance, the grant funding is now secured.

Contract marks first agreement to connect into the Portuguese national gas grid; critical first step to creating European hydrogen economy

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

Sale leaseback transaction strengthens Fusion Fuel’s balance sheet and provides flexibility to fund future growth initiatives

Investment Accelerates Industrial Decarbonization and Green Mobility Movement in Sines, Advances Commercial Green Hydrogen in Portugal

SABUGO, Portugal, Nov. 28, 2022 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQHTOO) ("Fusion Fuel"), an emerging leader in the green hydrogen sector, today announced financial results for the third quarter ended September 30, 2022. The quarterly shareholder letter is available at https://ir.fusion-fuel.eu/financials-filings/earnings-releases

Bakersfield would be Fusion Fuel’s first project in United States, centerpiece of North American commercial strategy

Revolutionary new design builds on HEVO architecture, dramatically expanding addressable market and unlocking new commercial applications

Fusion Fuel expected to supply 10.5 MW of its HEVO-Solar electrolyser technology to the four projects, which qualified for €12.9 million in grant funding

Initial project is expected to be a 1.25MW green hydrogen plant in Sicily using Fusion Fuel’s solar-to-hydrogen technology

SABUGO, Portugal, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) announced today that it will be hosting a live conference call and webcast on Monday, November 28, 2022, to discuss third quarter financial results and operational highlights for the green hydrogen solutions company.

H2Évora is Portugal’s first solar-to-green hydrogen facility and first fully integrated hydrogen-to-power demonstration project

KEME Energy’s project in Sines has secured a €2.4 million POSEUR grant; will be developed in 2023 using Fusion Fuel’s HEVO-Solar technology

Gedisol project will be developed in 2023 using Fusion Fuel’s HEVO-Solar technology