SABUGO, Portugal, Sept. 29, 2022 (GLOBE NEWSWIRE) — Fusion Fuel (Nasdaq: HTOO) announced today that it has entered into a technology sale agreement with Gedisol, a Spanish developer, to supply its innovative solar-to-hydrogen systems for a 3.2 MW green hydrogen project in Andalusia, Spain. The facility will consist of 144 HEVO solar trackers that will produce an estimated 200 tons of green hydrogen per year. The company expects to start construction early next year and begin commercial operations in the third quarter of 2023.
Commenting on the transaction, João Wahnon, Chief of Business Development at Fusion Fuel, said: “We are delighted to have been selected to provide our technology for the Gedisol project, which will further strengthen our near-term development portfolio and accelerate our expansion in Spain, the started the Exolum project. While many in the market are talking about the use of electrolysers and the production of green hydrogen, our team continues to work diligently to bring our breakthrough technology to practice in the near future.”
Jason Baran, Chief Commercial Officer at Fusion Fuel, added: “We are pleased that we were able to work quickly to provide a short term solution for a high profile project in Spain and strengthen our position in the industrial decarbonisation ecosystem in Spain. With grant funding in place and line of sight to an offtake agreement, Gedisol is a highly feasible project that will help us achieve our broader commercial goal of having a fully committed order book in 2023.”
About fusion fuel
Fusion Fuel is an emerging green hydrogen leader dedicated to accelerating the energy transition by developing disruptive, clean hydrogen solutions. Fusion Fuel has developed a modular, integrated solar-to-hydrogen generator powered by a proprietary miniaturized PEM electrolyzer, enabling off-grid production of hydrogen with zero carbon emissions. Business areas include the sale of electrolyzer technology to customers interested in building their own green hydrogen production, the development of turnkey hydrogen plants owned and to be operated by Fusion Fuel, and the sale of green hydrogen as a commodity to end users long-term hydrogen purchase contracts. Visit https://www.fusion-fuel.eu for more information
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