Fusion Fuel Green PLC Subsidiary BrightHy Solutions Secures €30 Million Hydrogen Investment Term Sheet

Fusion Fuel Green PLC (Nasdaq: HTOO) has announced that its subsidiary, Bright Hydrogen Solutions Ltd, has entered into a non-binding term sheet for a strategic partnership with a green energy technologies provider. This partnership could see the provider committing up to €30 million over four years to fund mid-scale hydrogen infrastructure projects. These projects, ranging from €2 million to €10 million, will be managed by BrightHy Solutions under a 10-year agreement, 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 entry into binding agreements is contingent upon the completion of due diligence, structuring, and meeting regulatory conditions. This development represents a pivotal moment for Fusion Fuel Green PLC and BrightHy Solutions, as they position themselves at the forefront of the hydrogen economy, leveraging innovative engineering and advisory services to facilitate the transition to greener energy solutions.