Fusion Fuel Green Hosts Fourth Quarter 2023 Investor Update
March 06 2024 - 6:55AM
Fusion Fuel Green plc (NASDAQ: HTOO) ("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
Key 2023 Highlights
- Entered into green hydrogen offtake
agreements with Dourogas and Hydrogen Ventures
- Entered into partnership agreements
with Toyota Material Handling España, Duferco Energia, and
Elemental Clean Fuels
- Awarded ~€17 million in project
grant funding
- Commercialized turnkey, modular
HEVO-Chain solution for a global leader in the building materials
industry
- Headcount has reduced by ~30% from
highest point in 1Q23; operating costs have reduced 22% year over
year
- Published inaugural ESG Report
- Recognized first revenues;
cumulatively booked €4 million in 2023
- Received two orders for 1.25 MW
HEVO-Chain green hydrogen systems to be delivered to projects in
Portugal in 2024
- Signed securities purchase
agreement with Belike Nominees Pty Ltd., a Macquarie Group
Company
Subsequent Events
- Received notification of IPCEI
approval from European Commission for 630 MW HEVO-Portugal
Project
- Raised ~€6 million from
at-the-market program to strengthen capital position
- Awarded €1.015 million grant from
European Commission as part of H2tALENT consortium
Fusion Fuel will host a live conference call and webcast today,
March 6, 2024.
- Time: 10:00am ET / 3:00pm WEST
- Participant Dial-In: +1 (312) 248-9348
- Participant ID: 033156
- Participant Passcode: 8266
- Webcast registration page:
https://www.bigmarker.com/inscricao/Q4-Update-Fusion-Fuel
The webcast may also be accessed through the Events page on the
Fusion Fuel website (www.fusion-fuel.eu). A playback will be
available for replay online for a period of time following the
call.
About Fusion Fuel Green plc
Fusion Fuel is rapidly emerging as a leader in
the green hydrogen sector committed to accelerating the energy
transition through the development of disruptive, clean hydrogen
solutions. Fusion Fuel’s patented miniaturized Proton Exchange
Membrane (PEM) electrolyzer, the HEVO, and building-block approach
to green hydrogen production, unlock unprecedented modularity and
flexibility in the design and deployment of cost-competitive,
decentralized green hydrogen solutions. Its business lines include
the sale of its electrolyzer technology to customers interested in
building their own green hydrogen production, the development of
turnkey hydrogen plants to be owned and operated by Fusion Fuel,
and the sale of green hydrogen as a commodity to end-users through
long-term hydrogen purchase agreements. Learn more about Fusion
Fuel by visiting our website at https://www.fusion-fuel.eu, and by
following us on LinkedIn.
Investor Relations Contactir@fusion-fuel.eu
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