Trooperstocks
2月前
$HTOO News: Fusion Fuel Announces Approximately $1.14 Million in New LPG Engineering Subcontracts Awarded to Al Shola Gas Across Multiple Projects in Dubai, UAE
Fusion Fuel Green PLC
Tue, April 7, 2026 at 8:00 AM EDT 5 min read
Projects Across Dubai Include Approx. $0.5 Million Flagship Dual-Tower Development; Portfolio Covers Multiple Buildings Serving Thousands of Residential Units
Confirms Business Operations Continue Amid Regional Developments
Dublin, Ireland, April 07, 2026 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQ: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of full-service energy engineering, advisory, and utility solutions, today announced that its indirect majority-owned subsidiary, Al Shola Al Modea Gas Distribution L.L.C. (“Al Shola Gas”), an industrial gas engineering and distribution company, was awarded 16 new engineering subcontracts with a combined expected value of approximately $1.14 million as of April 2026.
The awarded subcontracts encompass residential and mixed-use development projects across a number of locations in Dubai, United Arab Emirates (UAE), supporting infrastructure for several thousand residential units. The largest award within the portfolio is the Terra Heights dual-tower residential development in Expo City Dubai, with a contract value of approximately $0.5 million, representing a significant multi-building LPG infrastructure project.
The scope of work includes the design, engineering, supply, installation, testing, and commissioning of centralized liquefied petroleum gas (LPG) systems, across a mix of low- to high-rise buildings, with project execution expected to begin immediately.
Al Shola Gas continues to experience strong demand for LPG engineering and distribution services, supported by ongoing construction and infrastructure investment. To support continued growth, Al Shola Gas expects to add new vehicles to its LPG delivery fleet to enhance operational capacity and service coverage.
“The award of approximately $1.14 million in new engineering subcontracts, including a flagship dual-tower development in Expo City, reflects the continued strength of our LPG infrastructure platform and the demand we are seeing across the UAE,” said John-Paul Backwell, Chief Executive Officer and Chairman of Fusion Fuel. “These projects contribute near-term engineering revenue, while also supporting a pipeline of potential recurring LPG utility service opportunities.”
Sanjeeb Safir, CEO of Al Shola Gas, commented, “We continue to execute on a growing portfolio of projects while maintaining a strong focus on safety, reliability, and operational efficiency. Our capabilities position us to deliver these projects effectively while supporting the continued expansion of our platform and long-term growth opportunities.”
In addition, in light of the recent escalation in conflict in the Persian Gulf region, the Company confirmed that, currently, Al Shola Gas’s operations are proceeding as previously planned. The Company further confirmed that it is not aware of material impacts on its business interests arising from these developments. Al Shola Gas has implemented safety and contingency protocols in line with local authority guidance. The Company is closely monitoring the developing situation.
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) provides integrated energy engineering, distribution, and green hydrogen solutions through its Al Shola Gas, BrightHy Solutions, and BioSteam Energy platforms. With operations spanning LPG supply to hydrogen and bio-steam solutions, the Company supports decarbonization across industrial, residential, and commercial sectors. For more information, please visit www.fusion-fuel.eu.
Trooperstocks
2月前
$HTOO News: Fusion Fuel Approves Appointment of Uranium Investor James Passin to Board as Company Undertakes Uranium Royalty Strategy
Fusion Fuel Green PLC
Mon, March 23, 2026 at 8:00 AM EDT
Passin brings more than two decades of uranium-focused investing experience and deep expertise in mining finance, resource investing, and frontier markets
Appointment adds uranium-sector pattern recognition and capital allocation experience as Fusion Fuel proceeds with its planned acquisition of Royal Uranium
Fusion Fuel’s royalty model is designed to provide exposure to uranium price upside and project advancement without direct mine development, sustaining capital, or operating cost exposure
Dublin, March 23, 2026 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (Nasdaq: HTOO) ("Fusion Fuel" or the "Company"), a leading provider of full-service energy engineering, advisory, and utility solutions, today announced that its Board of Directors has approved the appointment of James Passin to its Board of Directors.
Mr. Passin brings more than 20 years of uranium-focused investing experience to Fusion Fuel’s Board and is expected to strengthen the Company’s strategic capabilities in connection with its planned acquisition of a controlling interest in Royal Uranium Inc. (“Royal Uranium”) and its uranium royalty strategy. Mr. Passin was as one of the earliest professional investors to identify uranium’s long-term investment potential, establishing uranium exploration and mining as a core focus in 2000 of Firebird Global Fund, a hedge fund managed by Firebird Management LLC (“Firebird Management”), when prices were below $8 per pound and institutional participation was limited. As a former manager at Firebird Management, Mr. Passin’s disciplined, cycle-aware approach was demonstrated by exiting uranium positions ahead of the post-2007 price decline, reflecting a track record of strategic capital allocation across commodity cycles.
Fusion Fuel is seeking to build a capital-efficient uranium royalty platform designed to provide shareholders with exposure to uranium price appreciation, exploration success, project advancement, and potential future production across a diversified portfolio of royalty interests, without taking on the direct capital intensity and operating risks associated with building and operating mines.
Through its planned acquisition of a controlling interest in Royal Uranium, Fusion Fuel is seeking to build a diversified uranium royalty platform with exposure to projects across several attractive jurisdictions, including Canada’s Athabasca Basin, one of the world’s highest-grade uranium districts. The portfolio includes royalty interests associated with projects operated by established uranium industry participants, including Cameco Corporation, Denison Mines Corp., Orano SA, Uranium Energy Corp., and IsoEnergy Ltd., which Fusion Fuel believes strengthens the quality and long-term potential of the platform.
Mr. Passin is a long-time uranium investor with extensive experience across commodity cycles, resource finance, and frontier-market investing. In 2000, he made uranium exploration and mining a core investment focus at Firebird Global Fund, well before the sector attracted broad institutional attention. During his tenure at Firebird Management, he directed and managed a resource portfolio in excess of $1 billion, with significant experience in early-stage resource companies across the Americas, Central Asia, Africa, and other frontier and emerging markets.
Why the Royalty Model Matters
Fusion Fuel’s uranium royalty strategy is intended to offer investors a different way to participate in the uranium market than traditional mining ownership. Rather than funding exploration programs, mine construction, sustaining capital, or day-to-day operations, a royalty holder is generally positioned to benefit from project advancement and potential future production while the operator bears the direct development and operating costs of the underlying asset.
As a result, the royalty model can provide a more capital-efficient form of uranium exposure, with potential upside to:
rising uranium prices,
exploration success and resource expansion,
project derisking and development milestones, and
future production growth across underlying royalty-bearing assets.
At the same time, the model is intended to reduce direct exposure to many of the risks that typically weigh on mining operators, including construction delays, capital cost overruns, operating cost inflation, and day-to-day execution risk.
Fusion Fuel believes this structure is particularly attractive in the current uranium environment, where long-term fundamentals continue to strengthen as energy security concerns, the growing role of nuclear power, and rising electricity demand from data centers and artificial intelligence infrastructure support renewed focus on uranium supply.
The Company’s planned acquisition of a controlling interest in Royal Uranium is expected to add a diversified uranium royalty portfolio with exposure to projects in premier jurisdictions and with established industry operators, positioning Fusion Fuel to participate in uranium sector upside through a scalable royalty platform.
“James brings exactly the kind of uranium-market experience and cycle-tested judgment that we believe is valuable as Fusion Fuel pursues its uranium royalty strategy,” said JP Backwell, Chief Executive Officer of Fusion Fuel. “He has spent more than two decades evaluating uranium opportunities across multiple cycles and understands both the strategic appeal of the sector and the importance of disciplined capital allocation. As we continue building our uranium royalty platform, we believe his perspective will be highly valuable to our Board and our shareholders.”
“Fusion Fuel is pursuing a strategy that I believe is highly relevant to the current uranium market,” said James Passin. “Uranium royalties can provide attractive exposure to uranium price appreciation and project upside without the direct capital intensity and operating risks of mine ownership. With an anticipated diversified royalty portfolio spanning several important jurisdictions, including exposure to the Athabasca Basin, Fusion Fuel would be positioned to participate in the sector through a model that could offer meaningful upside with a more disciplined risk profile. I look forward to supporting the Company as it seeks to advance that strategy.”
About James Passin
James Passin is an entrepreneur and investor with more than 20 years of experience in hedge fund and private equity investing, with substantial experience in uranium, mining, and frontier-market resource finance. During his time at Firebird Management, he directed and managed a portfolio in excess of $1 billion and helped lead investment strategies across emerging and frontier markets. He currently serves as Co-founder and CEO of BioVaxys Technology Corp. and as a director of St-Georges Eco-Mining Corp. He is a graduate of the Listed Company Director Program at the Singapore Institute of Directors, holds a Certificate in Corporate Governance from the Mongolian Corporate Governance Institute, and is a Chartered Market Technician and member of the CMT Association.
Background on Royal Uranium Transaction
On February 18, 2026, Fusion Fuel announced that it had entered into a definitive share exchange agreement (“Share Exchange Agreement”) to acquire a controlling interest in Royal Uranium, a private royalty company holding a diversified portfolio of royalties across the Americas.
The proposed transaction is intended to provide Fusion Fuel with exposure to energy commodity royalties from certain assets, particularly uranium and natural gas deposits, through a capital-efficient royalty portfolio.
Closing of the transaction is subject to certain conditions, including but not limited to:
approval by the Irish Takeover Panel (the “Panel”) in accordance with the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, of a circular prepared by Fusion Fuel to be issued to Fusion Fuel shareholders, convening an extraordinary general meeting of the Company (the “EGM”);
Fusion Fuel shareholder approval of the share exchange transaction at the EGM; and
Satisfaction of such conditions and compliance with such requirements as the Panel may impose or specify in relation to the transaction.
The transaction is expected to close in the first half of 2026. A further description of the terms and conditions of the transaction has been separately disclosed in a Form 6-K/A furnished with the U.S. Securities and Exchange Commission (the “SEC”) on February 18, 2026.
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) provides integrated energy engineering, distribution, and green hydrogen solutions through its Al Shola Gas, BrightHy Solutions, and BioSteam Energy platforms. With operations spanning LPG supply to hydrogen and bio-steam solutions, the Company supports decarbonization across industrial, residential, and commercial sectors. For more information, please visit www.fusion-fuel.eu.
Forward-Looking Statements
This press release and the statements contained herein include “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify these statements because they contain words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Such forward-looking statements include, but are not limited to, statements regarding the Company’s planned acquisition of a controlling interest in Royal Uranium and its expectation to gain royalty exposure to uranium exploration activity across multiple projects without incurring certain direct costs, and statements regarding planned exploration activities at certain uranium projects. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the ability of the parties to the Share Exchange Agreement to complete the transaction, the Company’s ability to integrate Royal Uranium’s assets into its business, the ability of the parties to obtain Irish regulatory approval and any other required third-party consents and approvals in connection with the transaction, obtain the approval of the Company’s shareholders, and to meet all other closing conditions; the realization of revenues from the assets of Royal Uranium, including its uranium and natural gas royalties, which may depend on, among other things, the commercial development of uranium and natural gas deposits, the receipt and maintenance of exploration, mining, and environmental permits and approvals by the operators of the underlying properties, regulatory approval, and market demand for uranium and natural gas as sources of energy, volatility in uranium and natural gas commodity prices, which directly affect the potential value of net smelter return and other royalty interests, the risk that operators of royalty-bearing properties may delay, suspend, or abandon exploration or development activities due to insufficient funding, unfavorable economic conditions, technical challenges, or regulatory obstacles, the possibility that exploration activities, including those authorized under recently obtained permits, may not result in the discovery of commercially viable mineral deposits or hydrocarbon reserves, the dependence of the Company on third-party operators over whom it has no operational control, including decisions regarding the pace, scope, and method of exploration and development; the risk that changes in mining, environmental, or energy laws and regulations in the jurisdictions where the royalty assets are located, including Canada, Colombia, and Argentina, which may adversely affect the feasibility or economics of the underlying projects; political, economic, and social risks associated with operating in foreign jurisdictions, including currency controls, expropriation, nationalization, and changes in fiscal regimes, and the risk that royalty agreements may be subject to disputes regarding their scope, enforceability, or the calculation of permitted deductions from gross revenues; competition from existing or new offerings that may emerge; impacts from strategic changes to the Company’s business on net sales, revenues, income from continuing operations, or other results of operations; the Company’s ability to obtain sufficient funding to maintain operations and develop additional services and offerings; and the risks and uncertainties described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the SEC on May 9, 2025 (the “Annual Report”), and other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.
Investor Relations Contact
ir@fusion-fuel.eu
www.fusion-fuel.eu
Trooperstocks
3月前
$HTOO News: Fusion Fuel Green PLC Provides Update on Royal Uranium Royalty – EIA Permit Obtained for Laguna Salada Uranium Project, a 2.0% NSR Asset
Fusion Fuel Green PLC
Tue, March 3, 2026 at 7:45 AM EST 7 min read
Dublin, March 03, 2026 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQ:HTOO) (“Fusion Fuel” or the “Company”), an integrated energy company, today announced that a key regulatory milestone has been achieved at the Laguna Salada Uranium Project in Chubut Province, Argentina, an asset on which Royal Uranium Inc. (“Royal Uranium”) holds a 2.0% net smelter returns (“NSR”) royalty.
As recently disclosed by Jaguar Uranium Corp. (NYSE: JAGU), the operator of the Laguna Salada Project, the Provincial Ministry of Environment of Chubut Province, Argentina, has granted an Environmental Impact Assessment (“EIA”) permit for exploration activities at the “Guanaco” concession portion of Laguna Salada. The permit, received ahead of schedule, authorizes geophysical surveys, surface sampling, trenching, drilling, access road construction, and related exploration infrastructure. Jaguar Uranium believes Laguna Salada represents a near surface, bulk exploration and development target and will now accelerate its fully funded "Phase 1" exploration campaign to test this thesis, following its recent $25 million IPO earlier this year.
Royal Uranium holds a 2.0% NSR royalty covering the Guanaco concession portion of the Laguna Salada Project. An NSR royalty entitles the holder to receive a percentage of gross revenue from mineral production, net of certain permitted deductions, without bearing capital or operating costs.
Background on Royal Uranium Transaction
On February 18, 2026, Fusion Fuel announced that it had entered into a definitive share exchange agreement (“Share Exchange Agreement”) to acquire a controlling interest in Royal Uranium, a private royalty company holding a diversified portfolio of royalties across the Americas. The proposed transaction is intended to provide Fusion Fuel with exposure to energy commodity royalties from certain assets, particularly uranium and natural gas deposits, through a capital-efficient royalty portfolio.
Implications of the EIA Milestone
The EIA permit represents a meaningful regulatory step that enables expanded exploration activities at Laguna Salada.
For Royal Uranium, the development:
Advances a royalty-bearing asset within its portfolio toward potential future development;
Reduces permitting uncertainty associated with near-term exploration activities; and
May accelerate project timelines, depending on operator execution and exploration results.
For Fusion Fuel, subject to the closing of the previously announced Royal Uranium acquisition:
Demonstrates progress within the underlying royalty portfolio;
Highlights the potential value embedded in the royalty assets portfolio; and
Reinforces the Company’s strategy of gaining diversified exposure to critical energy commodities without direct mining operations or development capital expenditures.
While EIA approval authorizes exploration activities and does not ensure commercial production, continued advancement of the project could, if successful, ultimately result in royalty payments tied to future uranium production.
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) provides integrated energy engineering, distribution, and green hydrogen solutions through its Al Shola Gas, BrightHy Solutions, and BioSteam Energy platforms. With operations spanning LPG supply to hydrogen and bio-steam solutions, the Company supports decarbonization across industrial, residential, and commercial sectors. For more information, please visit www.fusion-fuel.eu.
About Royal Uranium Inc.
Royal Uranium is a private energy royalty entity holding a portfolio of tier one high-quality uranium and natural gas royalties across premier mining jurisdictions in the Americas, operated by experienced industry partners. The Portfolio is designed to provide long-duration exposure to commodity price upside while minimizing operating risk through the royalty model. For more information, please visit www.royaluranium.com.
Trooperstocks
6月前
$HTOO News: Fusion Fuel Green PLC Announces Two Engineering Contracts Totaling Approximately $1.37 Million for Residential Developments in Dubai, United Arab Emirates
Fusion Fuel Green PLC
Wed, December 3, 2025 at 7:30 AM EST 5 min read
Dublin, Ireland, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQ: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of full-service energy engineering, advisory, and utility solutions, today announced that Al Shola Al Modea Gas Distribution LLC (“Al Shola Gas”), a full-service industrial gas solution provider in which the Company indirectly holds an ownership interest, has signed two new engineering contracts with a combined value of approximately $1.37 million from clients located in Dubai, with an additional estimated annual recurring revenue of $629,000 from Liquified Petroleum Gas (“LPG”) supply.
The two projects cover the design, construction, commissioning, and authority approvals for central LPG gas systems in two major residential developments. Revenue will be recognized in accordance with contractual progress milestones.
The first new LPG system engineering contract relates to a large mixed-use residential complex located in Motor City, Dubai, comprising seven residential towers, 2,900 residential units, 18 commercial boiler rooms, and 18 food and beverage units. The approximate project value (converted from AED) is $1.23 million. In addition, the project is expected to generate an estimated annual recurring operational revenue from LPG supply of approximately $630,000. Once in operation, this development is believed to represent the largest single complex in the Al Shola Gas portfolio.
The second new LPG system engineering contract relates to two residential buildings located in Al Furjan, Dubai, comprising 333 apartments, with a contract value of $136,000. This contract is the first project awarded to Al Shola Gas by the developer. The post-completion operational contract for LPG supply is still in discussion.
Both contracts were signed during the final week of November 2025, concluding a successful month during which Al Shola Gas signed several other new contracts valued at approximately $328,000.
“These project awards demonstrate the continued expansion of our engineered gas systems business in Dubai,” said Sanjeeb Safir, Managing Director of Al Shola Gas. “The Motor City development, in particular, significantly increases the scale of our operational portfolio, while the Al Furjan project reflects the ongoing diversification of our customer base in the UAE.”
ABOUT FUSION FUEL GREEN PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy supply, distribution, and engineering and advisory solutions through its Al Shola Gas, Bright Hydrogen Solutions Ltd (“BrightHy Solutions”), and BioSteam Energy (Proprietary) Limited (“BioSteam Energy”) businesses. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy Solutions, the Company’s hydrogen solutions platform, delivers innovative engineering and advisory services enabling decarbonization across hard-to-abate industries. BioSteam Energy provides biomass-powered industrial steam solutions to clients.
FORWARD-LOOKING STATEMENTS
This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify these statements because they contain words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the ability of the parties to obtain all necessary regulatory and other consents and approvals and to deliver all required products and services in connection with the contemplated projects; the ability of the projects to generate the expected free cash flows or net income necessary for the Company to generate the anticipated returns in connection with the contemplated projects; macroeconomic risks relating to currency exchange rates, inflation rates, interest rates, or other potentially disruptive factors; and the risks and uncertainties described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 9, 2025 (the “Annual Report”), and other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.
Investor Relations Contact
ir@fusion-fuel.eu
www.fusion-fuel.eu
Trooperstocks
6月前
$HTOO News: Fusion Fuel’s BrightHy Solutions Expands Green Hydrogen Footprint in Southern Europe with Agreement to Deliver New Electrolyzer and Hydrogen Refueling Station Project
Fusion Fuel Green PLC
Tue, November 25, 2025 at 7:30 AM EST
Dublin, Ireland, Nov. 25, 2025 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQ: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of full-service energy engineering, advisory, and utility solutions, today announced that its subsidiary, Bright Hydrogen Solutions Ltd (“BrightHy Solutions”), a leading engineering and advisory company specialized in green hydrogen, has signed a definitive contract to be the engineering, installation and equipment provider for a green hydrogen project in southern Europe. This follows the Company’s September 2 press release, in which BrightHy Solutions announced it had been selected to negotiate this agreement.
The contract, valued at up to approximately €1.7 million, covers the delivery of an electrolyzer system and hydrogen refueling station for a large construction company, supporting the region’s commitment to clean mobility and renewable energy transition. The project will be carried out in close collaboration with certain strategic partners of BrightHy Solutions.
Engineering work for the project has already commenced, and production of key equipment is underway. Once complete, the facility is expected to support the expanding hydrogen ecosystem in the region.
The full plant is expected to be delivered, installed, and commissioned in 2026.
“This contract represents a significant step forward not only for BrightHy Solutions, but also for the rapid build-out of hydrogen infrastructure across southern Europe,” said Luis Galdo, BrightHy Solutions’ Chief Commercial Officer. “We are proud to support our client’s forward-looking strategy and to contribute to a more sustainable energy future.”
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy supply, distribution, and engineering and advisory solutions through its Al Shola Al Modea Gas Distribution LLC (“Al Shola Gas”), BrightHy Solutions, and BioSteam Energy (Proprietary) Limited (“BioSteam Energy”) businesses. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy Solutions, the Company’s hydrogen solutions platform, delivers innovative engineering and advisory services enabling decarbonization across hard-to-abate industries. BioSteam Energy provides biomass-powered industrial steam solutions to clients.
About Bright Hydrogen Solutions Ltd
BrightHy Solutions, a subsidiary of Fusion Fuel Green PLC (NASDAQ: HTOO), seeks to lead the hydrogen through electrolysis solutions market. With its substantial industry experience, BrightHy Solutions views itself as a partner to clients through the entire hydrogen production value chain including plant design, tailored engineering solutions, equipment sourcing, engineering and implementation oversight. BrightHy Solutions has a strong and core focus on safety, reliability, and efficiency. Find out more at www.brighthy.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify these statements because they contain words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the ability of the parties to obtain all necessary regulatory and other consents and approvals and to deliver all required products and services in connection with the contemplated project; the ability of the project to generate the expected free cash flows or net income necessary for the Company to generate the anticipated returns in connection with the contemplated project; macroeconomic risks relating to currency exchange rates, inflation rates, interest rates, or other potentially disruptive factors; and the risks and uncertainties described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 9, 2025 (the “Annual Report”), and other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.
Investor Relations Contact
ir@fusion-fuel.eu
www.fusion-fuel.eu
Trooperstocks
7月前
$HTOO News: Fusion Fuel Green PLC Announces Groundbreaking of Landmark Industrial Decarbonization Project in South Africa
Fusion Fuel Green PLC
Tue, November 4, 2025 at 7:45 AM EST 5 min read
DUBLIN, Ireland, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of full-service energy engineering, advisory, and utility solutions, today announced that Biosteam Energy (Proprietary) Limited (“BioSteam Energy”), a Fusion Fuel majority-owned joint venture company previously announced on October 16th, has commenced construction and equipment fabrication for its first biomass-powered industrial steam project at a major dairy processing facility in South Africa.
The Project, undertaken through BioSteam Energy, recently established together with Alien Fuel (Proprietary) Limited (“Alien Fuel”), represents Fusion Fuel’s first operational footprint in the Southern African market and a key milestone in its industrial decarbonization strategy.
Groundbreaking activities began this week, with production of the proprietary biomass boiler and fuel systems already underway. The equipment fabrication is being performed by Alien Energy (Proprietary) Limited, an affiliate of Alien Fuel. The full plant is expected to be commissioned and enter commercial operation in January 2026, with initial revenues to follow thereafter.
The Project will replace a fossil-fuel-based steam generation system with a carbon-neutral biomass solution and is expected to reduce Scope 1 and Scope 2 greenhouse gas emissions and generate verified carbon credits through landfill avoidance and fuel-switching benefits.
“We’re excited to see the Project move from paper to reality,” said John-Paul Backwell, CEO of Fusion Fuel. “This marks the beginning of our South African operations and provides a tangible example of how Fusion Fuel can deploy sustainable energy solutions to deliver measurable emissions reductions in hard-to-abate industrial sectors.”
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy supply, distribution, and engineering and advisory solutions through its Al Shola Al Modea Gas Distribution LLC (“Al Shola Gas”), Bright Hydrogen Solutions Ltd (“BrightHy”) and BioSteam Energy businesses. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s hydrogen solutions platform, delivers innovative engineering and advisory services enabling decarbonization across hard-to-abate industries. BioSteam Energy provides biomass-powered industrial steam solutions to clients.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify these statements because they contain words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the ability of certain parties to the Joint Venture Agreement and certain third parties to enter into certain required additional agreements relating to the Project and other projects contemplated by the Joint Venture Agreement; the ability of the parties to the Joint Venture Agreement to obtain all necessary regulatory and other consents and approvals in connection with the contemplated transactions; the ability of the Company to satisfy its financing commitments under the Joint Venture Agreement; counterparty performance under a related steam supply agreement; the availability and pricing of biomass feedstock; uncertainty around verification and monetization of carbon credits; the ability of the Project and other projects contemplated by the Joint Venture Agreement to generate the expected free cash flow necessary for the Company’s loan under the Joint Venture Agreement to be repaid and to generate returns in connection with each project under the Joint Venture Agreement; uncertainties of the impact of certain governance procedures and relative rights under the Joint Venture Agreement and other governing documents and laws, some of which may require the cooperation of the parties or their representatives with respect to matters relating to the Project or other projects; macroeconomic risks relating to currency exchange rates, inflation rates, interest rates, or other potentially disruptive factors; and the risks and uncertainties described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 9, 2025 (the “Annual Report”), and other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.
Investor Relations Contact
ir@fusion-fuel.eu
www.fusion-fuel.eu
Trooperstocks
8月前
$HTOO News: Fusion Fuel Green PLC Signs Definitive Joint Venture Agreement with Alien Fuel for Landmark Industrial Decarbonization Project in South Africa
Fusion Fuel Green PLC
Thu, October 16, 2025 at 7:45 AM EDT
DUBLIN, Ireland, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of full-service energy engineering, advisory, and utility solutions, today announced that it has signed a Subscription and Shareholders Agreement (the “Joint Venture Agreement”) with Alien Fuel (Proprietary) Limited (“Alien Fuel”) to formally establish their joint venture vehicle, Biosteam Energy Proprietary Ltd (“Biosteam Energy”), for the Fairfield Industrial Decarbonization Project (the “Fairfield Project”) in Howick, KwaZulu-Natal, South Africa.
Under the joint venture structure, Fusion Fuel will hold a 51% ownership stake in Biosteam Energy, with Alien Fuel retaining 49%. Under the terms of the Fairfield Project and the Joint Venture Agreement, Biosteam Energy will manage the financing, construction, and operation of a biomass-powered steam generation system to replace the fossil-fuel-based boiler at Fairfield Dairy, one of South Africa’s largest dairy processing facilities. The new boiler system, designed and operated using Alien Fuel’s proprietary biomass technology, will use carbon-neutral wood pellets produced from waste biomass, designed to reduce Scope 1 and Scope 2 carbon emissions at the site. The system is expected to be operational in the first quarter of 2026 and significantly supports the decarbonization and sustainability goals of Fairfield Dairy.
Fusion Fuel will advance a loan of R10 million (approximately €480,000) under a payment schedule to fund the management and administration of Biosteam Energy, and specifically the Fairfield Project. Biosteam Energy is expected to generate long term recurring revenues through a steam supply agreement between Biosteam Energy and Fairfield Dairy, as well as additional income from verified carbon credit revenues arising from landfill avoidance and fuel-switching benefits. The loan will be repaid based on the availability of free cash flow after certain expenses and accumulated cash balances.
In addition to the initial Fairfield Project, the Joint Venture Agreement also grants Fusion Fuel a right of first refusal to participate in new projects, business opportunities, or ventures within the scope of Biosteam Energy’s business that have been offered to Alien Energy or certain of its affiliates, with a particular interest in the green and sustainable energy projects such as this first bio-steam venture.
The Joint Venture Agreement also contains other terms including provisions relating to governance, intellectual property, confidentiality, and dispute resolution.
The signing of the Joint Venture Agreement with Alien Fuel reflects the outcome of discussions relating to the non-binding Letter of Intent and Heads of Terms that were announced by the Company in its press releases dated August 11, 2025, and September 11, 2025, respectively.
John-Paul Backwell, CEO of Fusion Fuel, commented “The signing of the Joint Venture Agreement is an important milestone in our expansion strategy and participation in the broader industrial decarbonization market. Through Biosteam Energy, Fusion Fuel and Alien Fuel are combining proprietary and proven technology and innovative financing structures to deliver measurable emissions reductions and long-term economic value. We see this as a template for similar industrial decarbonization projects.”
Bruce Johnson, Director of Alien Fuel, added, “Our joint venture with Fusion Fuel represents a powerful alignment of technology, vision, and purpose. Together we’re not only decarbonizing a major South African industrial facility, but we’re also demonstrating the commercial viability of sustainable biomass energy solutions for large-scale industrial clients.”
Further M&A Updates
As previously announced in its press release dated April 9, 2025, the Company signed a non-binding Letter of Intent regarding the acquisition of a UK fuel distribution company, and then a non-binding Head of Terms on May 27, 2025. At this time, discussions remain ongoing. Given the scale and complexity of the transaction, negotiations with financial counterparts are expected to continue over the coming months. The Head of Terms is non-binding and remains subject to satisfactory due diligence, finalization of definitive agreements, and customary closing conditions.
As noted in the Company’s press release dated October 15, 2025, the Company will be holding an Extraordinary General Meeting on November 7, 2025, which will include a shareholder proposal to delegate to the Board the authority to increase its authorized share capital and to implement such increase as it deems appropriate. The Company is seeking such authorization in part to support potential large-scale acquisitions or other strategic transactions currently being reviewed, including transactions involving a digital or commodity (including rare-earth elements) asset treasury business. As of the date of this press release, the Company has not entered into any agreements, understandings or commitments relating to any acquisition or other strategic transactions.
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy supply, distribution, and engineering and advisory solutions through its Al Shola Al Modea Gas Distribution LLC (“Al Shola Gas”) and Bright Hydrogen Solutions Ltd (“BrightHy”) businesses. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, delivers innovative engineering and advisory services enabling decarbonization across hard-to-abate industries.
About Alien Fuel (Pty) Ltd
Alien Fuel (Pty) Ltd is a South African energy technology company that supplies industrial steam systems powered by Alien Fuel®, a proprietary carbon-neutral biomass fuel derived from wood waste and invasive vegetation. Its advanced biomass burner and boiler systems provide sustainable, cost-effective alternatives to fossil-fuel-based steam generation, enabling clients to reduce energy costs while achieving their decarbonization goals.
For more information, visit www.alienfuel.africa
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify these statements because they contain words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the ability of certain parties to the Joint Venture Agreement and certain third parties to enter into certain required additional agreements relating to the Fairfield Project and other projects contemplated by the Joint Venture Agreement; the ability of the parties to the Joint Venture Agreement to obtain all necessary regulatory and other consents and approvals in connection with the contemplated transactions; the ability of the Company to satisfy its financing commitments under the Joint Venture Agreement; counterparty performance under the steam supply agreement; the availability and pricing of biomass feedstock; uncertainty around verification and monetization of carbon credits; the ability of the Fairfield Project and other projects contemplated by the Joint Venture Agreement to generate the expected free cash flow necessary for the Company’s loan under the Joint Venture Agreement to be repaid and to generate returns in connection with each project under the Joint Venture Agreement; uncertainties of the impact of certain governance procedures and relative rights under the Joint Venture Agreement and other governing documents and laws, some of which may require the cooperation of the parties or their representatives with respect to matters relating to the Fairfield Project or other projects; macroeconomic risks relating to currency exchange rates, inflation rates, interest rates, or other potentially disruptive factors; and the risks and uncertainties described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 9, 2025 (the “Annual Report”), and other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.
Investor Relations Contact
ir@fusion-fuel.eu
www.fusion-fuel.eu
Trooperstocks
8月前
$HTOO News: Fusion Fuel Announces Extraordinary General Meeting and Upcoming Board Changes
October 15, 2025 07:00 ET | Source: Fusion Fuel Green PLC
DUBLIN, Ireland, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of full-service energy engineering, advisory, and utility solutions, today announced that it will convene an Extraordinary General Meeting (“EGM”) of shareholders on November 6, 2025, at the offices of Arthur Cox LLP in Dublin, Ireland. The EGM will seek shareholder approval for several resolutions, including the election of two new members to the Company´s Board of Directors.
The Company is also seeking shareholder approval to delegate to the Board the authority to increase its authorized share capital and to implement such increase as it deems appropriate. This expanded authorization is intended to provide Fusion Fuel with greater flexibility to support potential large-scale strategic transactions currently under discussion, including opportunities related to both digital and commodity asset treasury initiatives. While the proposed authorization would allow the Company to participate in these discussions and evaluate prospective partnerships or financings, it does not in itself constitute, or guarantee the completion of, any specific transaction.
The Company proposes the appointment of Pierce Crosby and Steven Gold as Class II Directors.
Pierce Crosby currently serves as Managing Partner of Merchant Seven and previously held the position of General Manager of Enterprise & North America at TradingView Inc. He has extensive experience in scaling fintech platforms and advising growth-stage companies on strategic execution. The Board believes that Mr. Crosby’s deep understanding of financial markets and emerging technologies will assist Fusion Fuel in executing its strategic initiatives and evaluating potential transactions.
Steven Gold has over 20 years of experience in the natural resources sector and currently serves as Chief Executive Officer of Jaguar Uranium Corp. He has previously held senior investment roles with Collecting Mining Ltd., Energold Drilling Corp., and Clarus Securities Inc., gaining expertise across both the buy- and sell-sides of the capital markets. Mr. Gold has advised and financed numerous mining and energy-transition companies, including those in the uranium industry. The Board believes that his extensive capital-markets and sector experience will provide valuable insight as Fusion Fuel advances its energy-solutions strategy.
Both Mr. Crosby and Mr. Gold are considered independent directors under Nasdaq rules. Their elections are subject to shareholder approval at the upcoming EGM.
In conjunction with these proposed appointments, Jeffrey Schwarz and Rune Lundetræ have informed the Company that they will step down from the Board following the EGM, at which time the new directors are expected to join. The Board and management wish to express their sincere appreciation to Mr. Schwarz and Mr. Lundetræ for their service and contributions to Fusion Fuel over the past five years. Their insight and steady leadership were critical in guiding the Company through its early development and in navigating the challenges arising from the 2024 investor breach of the Company’s PIPE agreement, which necessitated a rapid restructuring and realignment of operations to safeguard the Company’s long-term viability. As they conclude their tenure, both directors do so with the Board’s full gratitude and mutual respect, having played an instrumental role in supporting the Company’s mission and management team.
John-Paul Backwell, Chief Executive Officer of Fusion Fuel, commented: “I want to sincerely thank Jeffrey and Rune for their dedication and guidance over the past five years. Their leadership was instrumental in shaping Fusion Fuel and steering the Company through a challenging restructuring. We’re also delighted to welcome Pierce Crosby and Steven Gold as nominees to our Board — their experience across capital markets, fintech, and the energy sector will bring valuable insight as we continue to grow.”
Speaking to the Company’s strategic outlook, Mr. Backwell noted: “We’re actively evaluating opportunities in the market, including digital and commodity asset treasury initiatives that could strengthen our strategic position. While there is no certainty any transaction will close, we see strong momentum and interest in the platform we’ve built, including the two transactions currently in progress.”
Further details regarding the EGM, including the full text of the proposed resolutions, will be provided in the formal Notice of Meeting to be distributed to shareholders and filed with the U.S. Securities and Exchange Commission.
If you hold your shares through a broker, bank, or other nominee, please follow the instructions of that intermediary to submit your voting instructions. If you have any questions, please contact your broker or the Company’s Investor Relations team at IR@fusion-fuel.eu.
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy supply, distribution, and engineering and advisory solutions through its Al Shola Gas and BrightHy brands. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, delivers innovative engineering and advisory services enabling decarbonization across hard-to-abate industries.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify these statements because they contain words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the risks and uncertainties described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 9, 2025 (the “Annual Report”), and other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.
Investor Relations Contact
ir@fusion-fuel.eu
www.fusion-fuel.eu
Trooperstocks
8月前
$HTOO News: Fusion Fuel Green PLC Reports New Al Shola Gas Contracts and Announces Expansion into the UAE’s Northern Emirates
October 09, 2025 07:00 ET | Source: Fusion Fuel Green PLC
Dublin, Ireland, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQ: HTOO) (“Fusion Fuel” or the “Company”), an integrated energy company, today announced that Al Shola Al Modea Gas Distribution LLC (“Al Shola Gas” or “ASG”), a gas services and supply business in which the Company indirectly holds an ownership interest, signed a number of new operational and utility contracts during September 2025, while also unveiling plans for a strategic expansion into the northern emirates of the United Arab Emirates (“UAE”).
New Contracts
In September, ASG signed a major utility contract for a new residential development with 1,000 apartments. The contract stipulates a one-time project fee of approximately $100,000 for engineering services and an annual revenue of approximately $300,000 from gas and boiler supply services. Project handover is scheduled for November 2025, with revenue from gas and boiler services starting from the handover.
Additionally, ASG signed new engineering and installation contracts for a residential and commercial project comprising six property developments, with a total contract value of approximately $430,000. This project includes 965 apartments and 10 retail shops, further expanding ASG’s operational footprint. Revenue from this newly awarded project is expected to start in December 2025, with a project duration of 18-20 months. ASG has begun the initial design and engineering work for the project.
ASG also commissioned six new boiler systems, which are expected to generate approximately $200,000 in additional annual recurring revenue. These boiler installations represent a significant long-term income stream, with billing managed directly through the development teams.
Expansion into Northern Emirates
ASG is now expanding its footprint into the northern emirates of the UAE. Over the next 12-18 months, ASG will invest in human resources, operational infrastructure, and assets in the northern emirates. ASG will seek to build on its vertically integrated business model, which encompasses engineering and bulk LPG services, as well as utility and metering operations.
The northern emirates of the UAE, comprising Ras Al Khaimah, Sharjah, Fujairah, Ajman, and Umm Al Qaiwain, account for roughly one-third of the UAE’s population and have emerged as one of the nation’s fastest-growing economic hubs.
The five northern emirates hold strategic importance for global trade, underpinned by robust infrastructure, logistics corridors, and government-backed diversification policies.
*Sharjah continues to expand as a center for tourism, culture, and trade.
*Ras Al Khaimah is rapidly developing into a multi-sector tourism and real estate destination.
*Fujairah is strengthening its position in oil, gas, and port activities.
*Ajman and Umm Al Qaiwain host numerous manufacturing and industrial facilities, benefiting from lower operating costs and a pro-growth regulatory framework.
With the UAE targeting a GDP of $800 billion by 2030, its northern emirates are expected to play a pivotal role in achieving this milestone. Real estate and industrial growth are already driving substantial energy demand across the five northern emirates of the UAE.
Collectively, the new contracts and expansion initiatives are expected to reinforce ASG’s position as one of the UAE’s most dynamic gas and utility providers, enhancing Fusion Fuel’s recurring revenue base and earnings potential.
“The past month has been one of Al Shola Gas’s strongest periods to date,” said Sanjeeb Safir, Managing Director of Al Shola Gas. “We continue to experience significant year-on-year growth in demand across our residential and mixed-use portfolio. The new contracts signed in September, along with our expansion into the northern emirates, reflect our confidence in the UAE’s long-term development trajectory.”
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) offers comprehensive energy engineering, distribution, and clean hydrogen solutions through its Al?Shola Gas and BrightHy Solutions platforms. With activities ranging from LPG supply to hydrogen innovations, the Company supports dependable energy delivery and decarbonization efforts across the industrial, residential, and commercial sectors.
About Al Shola Al Modea Gas Distribution LLC
Al Shola Gas, founded in 1980, provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors in the United Arab Emirates.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify these statements because they contain words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the risks and uncertainties described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 9, 2025 (the “Annual Report”), and other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.
Investor Relations Contact
ir@fusion-fuel.eu
www.fusion-fuel.eu
Trooperstocks
8月前
$HTOO News: Fusion Fuel’s BrightHy Solutions Expands Green Hydrogen Footprint in Southern Europe with 15 MW Engineering Project
Fusion Fuel Green PLC
Thu, September 25, 2025 at 8:00 AM EDT 4 min read
In this article:
HTOO
+8.72%
Dublin, Ireland, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQ: HTOO) (“Fusion Fuel” or the “Company”), today announced that its subsidiary, Bright Hydrogen Solutions Ltd (“BrightHy Solutions”), has signed a contract to provide engineering services for the design of an industrial green hydrogen production facility in southern Europe (the “Contract”).
The Contract, valued at €275,000 to be paid in phases upon meeting certain requirements, is intended to strengthen the region’s hydrogen infrastructure and support broader decarbonization efforts across Europe. Once operational, the facility will produce green hydrogen for blending into the natural gas network, which is expected to facilitate the region’s transition to cleaner energy systems.
BrightHy Solutions will provide front-end engineering design (FEED) services, covering safety and environmental studies, project management, and technical engineering specifications. The work is scheduled for completion within a 12-week delivery period following a four-week preparation period.
“This new engagement underscores BrightHy’s role as a strategic partner in the deployment of green hydrogen projects in Europe,” said Luis Galdo, BrightHy Solutions’ Commercial Officer. “Our background in green hydrogen technology and project development position us to support large-scale initiatives that drive energy security, decarbonization, and industrial competitiveness.”
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) provides integrated energy engineering, distribution, and green hydrogen solutions through its Al Shola Gas and BrightHy Solutions platforms. With operations spanning LPG supply to hydrogen solutions, the Company supports decarbonization across industrial, residential, and commercial sectors.
About Bright Hydrogen Solutions Ltd
BrightHy Solutions, a subsidiary of Fusion Fuel Green PLC (NASDAQ: HTOO), seeks to lead the hydrogen through electrolysis solutions market. With its substantial industry experience, BrightHy Solutions views itself as a partner to clients through the entire hydrogen production value chain including plant design, tailored engineering solutions, equipment sourcing, engineering and implementation oversight. BrightHy Solutions has a strong and core focus on safety, reliability, and efficiency. Find out more at www.brighthy.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify these statements because they contain words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the ability of BrightHy Solutions to satisfy each of the requirements for payment under the Contract; the ability of the counterparty to pay all required amounts under the Contract; and the risks and uncertainties described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 9, 2025 (the “Annual Report”), and other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.
Investor Relations Contact
ir@fusion-fuel.eu
www.fusion-fuel.eu
Trooperstocks
9月前
$HTOO NEWS -Fusion Fuel Green PLC Investor Presentation on First Half 2025 and Recent Developments
September 17, 2025 08:00 ET | Source: Fusion Fuel Green PLC
Dublin, Ireland, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (“Fusion Fuel” or the “Company”) (NASDAQ: HTOO), an integrated energy platform providing LPG distribution and hydrogen solutions, today provided a summary and presentation of its financial results for the first half of 2025, along with updates on its operational performance and strategic initiatives.
2025 First Half and Recent Developments
Revenue: The Company generated approximately €6.9 million in revenue during the six months ended June 30, 2025, compared to no revenue during the same period of the prior year, primarily due to its acquisition of the liquified petroleum gas (“LPG”) engineering and distribution operations of Quality Industrial Corp. (“QIND”), the Company’s majority-owned subsidiary, in November 2024.
Operating and Net Loss: The Company reported an operating loss of approximately €2.9 million (with a net loss of approximately €2.3 million attributable to Fusion Fuel shareholders) for the six months ended June 30, 2025, compared to approximately €7.9 million of operating and net loss for the six months ended June 30, 2024, driven by the Company’s reduction of loss-making operations.
Balance Sheet: Over $8 million raised year-to-date, which supported the repayment and extinguishment of approximately €4.3 million of debt in July and August 2025, further strengthening the Company’s balance sheet since the first half of 2025.
Capital Structure: The conversion of substantially all outstanding convertible notes, combined with the recent equity raises, simplified the Company’s capital structure by reducing legacy instruments and increasing transparency for shareholders.
Nasdaq Compliance: During Q3 2025, the Company resolved all outstanding listing deficiencies pursuant to notices received from the staff of The Nasdaq Stock Market LLC (“Nasdaq”), including minimum bid price, shareholder equity, and annual meeting requirements. Following a 1-for-35 share consolidation and the recent capital raises, Fusion Fuel regained full compliance with Nasdaq listing requirements.
Operational and Strategic Progress
Bright Hydrogen Solutions Ltd (“BrightHy Solutions”) advanced its hydrogen platform with new agent agreements, successful tenders to advance to final contract negotiations for two hydrogen projects, and continued progress on the establishment of a €30 million joint venture investment vehicle. The joint venture vehicle is intended to finance mid-scale hydrogen plants in Europe with related offtake agreements, enabling BrightHy Solutions to both deliver technical solutions and act as a project partner. These initiatives are expected to begin contributing to revenues in late 2025, subject to definitive agreements and closing conditions, with additional growth anticipated as the pipeline matures.
Al Shola Al Modea Gas Distribution LLC (“Al Shola Gas”), the Company’s indirect majority-owned subsidiary, continued to deliver strong growth and margin performance. During the six months ended June 30, 2025, the business signed new engineering contracts for approximately $4.5 million in expected revenue and annual fuel supply agreements for approximately $1.7 million in expected recurring revenue, while also expanding its fuel truck fleet. With an 18-month backlog of contracted engineering work and bulk supply operations that consistently generate margins above 40%, Al Shola Gas is expected to provide predictable cash flow and remain a key part of the Company’s shift toward profitability.
M&A activity progressed with the signing of Heads of Terms for the acquisition of a UK-based fuel distribution company, which generated approximately $50 million in annual revenue and $12 million in net income during its fiscal year ended April 30, 2025, subject to the execution of definitive agreements and customary closing conditions. Additionally, the Head of Terms for a 51% joint venture was signed to develop a biomass-powered steam project in South Africa subject to the execution of definitive agreements and customary closing conditions. Both transactions are expected to diversify the Company’s revenues and expand its international footprint.
“2025 has been the most important period in our company’s history,” said John-Paul Backwell, Chief Executive Officer of Fusion Fuel. “We have achieved the turnaround that was needed and are quickly moving towards profitable, scalable growth across the energy sector.”
Outlook
The Company provided its full-year 2025 revenue guidance of approximately €17.4 million, representing growth of 70% versus QIND 2024 results, and expects further operational progress across both BrightHy Solutions and Al Shola Gas in the second half of the year.
Availability of Presentation Materials
A recording of the Company’s September 17, 2025, investor presentation, together with the accompanying materials, is available on the Investors section of the Company’s website. Investors may access the presentation through the following link: Investor Presentation Materials
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) provides integrated energy engineering, distribution, and green hydrogen solutions through its Al?Shola Gas and BrightHy Solutions platforms. With operations spanning LPG supply to hydrogen solutions, the Company supports decarbonization across industrial, residential, and commercial sectors. The Company is headquartered in Ireland with operations in Europe and the Middle East.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These statements involve substantial risks and uncertainties and relate to future events or the Company’s future financial or operating performance. In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “believes,” “expects,” “plans,” “anticipates,” “intends,” “believes,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the Company’s ability to enter into definitive agreements with each of the necessary counterparties; the ability of the parties to complete their due diligence and all other closing conditions prior to the closing of such definitive agreements; the ability of the parties to obtain all necessary regulatory and other consents and approvals in connection with the contemplated transactions; the ability of the Company and its counterparties to satisfy their financial and other commitments to perform with respect to each contemplated project or acquisition; the ability of the contemplated projects and acquired businesses to generate the expected free cash flows or net income necessary for the Company to generate the anticipated returns on its contemplated financial commitments or consideration in connection with these transactions; and the risks described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 9, 2025 (the “Annual Report”), and in other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.
Investor Relations Contact
ir@fusion-fuel.eu
www.fusion-fuel.eu
Trooperstocks
9月前
$HTOO News: Fusion Fuel Green PLC Executes Heads of Terms with Alien Energy Contemplating Landmark Industrial Decarbonization Project in South Africa
DUBLIN, Ireland, Sept. 15, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: HTOO) — Fusion Fuel Green PLC (“Fusion Fuel” or the “Company”), a provider of integrated energy solutions, today announced that it has executed a Heads of Terms (the “Heads of Terms”) with Alien Energy (Pty) Ltd (“Alien Energy”), a privately-held South Africa-based specialized fuel company, aimed at delivering a specialized fuel solution for a project in South Africa. The Heads of Terms supersedes the Non-Binding Letter of Intent that was announced by the Company in a press release issued on August 11, 2025.
The Heads of Terms is intended to establish a joint venture (the “JV”) to develop a biomass-powered steam energy project at a large-scale dairy processing facility in South Africa (the “Facility”) owned by the project’s client, a global multinational food and beverage firm (the “Client”). The contemplated project is intended to replace a fossil-fuel-based steam generation system at the Facility with a proprietary carbon-neutral biomass system, enable substantial industrial decarbonization, and unlock recurring long-term revenue streams for the joint venture.
Strategic Highlights and Decarbonization Impact
Industrial Decarbonization – The contemplated project is intended to target significant scope 1 and scope 2 emissions reductions by replacing the Facility’s fossil-fuel-based steam systems with a proprietary biomass solution. It is intended to help the Client achieve its net-zero commitments while contributing to South Africa’s broader decarbonization objectives.
Joint Venture Structure – The Heads of Terms contemplates that Fusion Fuel will hold a 51% ownership stake in the JV, with Alien Energy retaining the remaining 49%.
Capital Commitments – The Heads of Terms contemplates that Fusion Fuel will invest ZAR 10 million (approximately €480,000) over the installation of the plant to fund construction and commissioning.
Carbon Credits – The project is intended to generate carbon credits from verified emissions reductions from landfill avoidance and fuel-switching benefits, which are intended to be ring-fenced within the joint venture.
Financial Impact for Fusion Fuel
Subject to execution of definitive agreements and the satisfaction of other closing conditions, the project is expected to generate recurring annual revenues for the JV through a contemplated long-term steam supply agreement with the Client. Subject to a ZAR 120,000 (approximately €5,880) per-month management drawings cap, Fusion Fuel is expected to benefit from:
51% of revenues generated by the joint venture
Revenue sharing of certain verified carbon credit revenues
Rights of first refusal on certain other projects with Alien Energy.
This structure is intended to further establish Fusion Fuel’s revenue base from sustainable energy infrastructure markets.
Management Commentary
John-Paul Backwell, CEO of Fusion Fuel, commented, “The Heads of Terms represents another step forward in our strategy to deliver scalable, high-impact decarbonization and energy-related projects. By leveraging Alien Energy’s biomass-to-steam technology, this project would enable one of South Africa’s largest dairy processors to significantly reduce emissions and generate carbon credits, as well as provide the JV with recurring revenues and further opportunities from similar projects.”
Definitive Agreements and Closing Timeline
The transaction is intended to close on or before October 1, 2025, subject to the execution of definitive agreements and completion of closing conditions. Project commissioning is targeted to commence around end of this year, with procurement and construction commencing immediately following closing. The description of the terms of the Heads of Terms above may not reflect all material terms. The terms contained in the Heads of Terms may be superseded in some or all respects upon the Company’s entry into definitive agreements.
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) provides integrated energy engineering, distribution, and green hydrogen solutions through its Al?Shola Gas and BrightHy Solutions platforms. With operations spanning LPG supply to hydrogen solutions, the Company supports decarbonization across industrial, residential, and commercial sectors. The Company is headquartered in Ireland with operations in Europe and the Middle East.
About Alien Energy (Pty) Ltd
Alien Energy (Pty) Ltd supplies industrial steam systems powered by Alien Fuel®, a proprietary carbon-neutral biomass fuel derived from wood waste and invasive vegetation. Its advanced biomass burner and boiler systems provide sustainable, cost-effective alternatives to fossil-fuel-based steam generation, enabling clients to reduce energy costs while achieving their decarbonization goals.
For more information, visit www.alienfuel.africa
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These statements involve substantial risks and uncertainties and relate to future events or the Company’s future financial or operating performance. In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “intends,” “believes,” “estimates,” “projects,” “targets,” “seeks,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the Company’s ability to enter into definitive agreements with Alien Energy and the Client; the ability of the parties to the Heads of Terms to complete their due diligence and all other closing conditions prior to the closing of such definitive agreements; the ability of the parties to the Heads of Terms to obtain all necessary regulatory and other consents and approvals in connection with the contemplated transactions; the ability of the Company to satisfy its financing commitments for the project contemplated by the Heads of Terms; the ability of the project contemplated by the Heads of Terms to generate the expected free cash flows or net income necessary for the Company to generate the anticipated returns on its contemplated financial commitments or consideration in connection with these transactions; and the risks described under Item 3. “Key Information – D. Risk Factors” in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on May 9, 2025, and in other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.
Investor Relations Contact
ir@fusion-fuel.eu
www.fusion-fuel.eu
Trooperstocks
9月前
$HTOO News: Fusion Fuel Green PLC Announces Highlights of First Half 2025 Financial Results and Corporate Developments
Fusion Fuel Green PLC
Wed, September 10, 2025 at 5:00 PM EDT
Dublin, Ireland, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (“Fusion Fuel” or the “Company”) (NASDAQ: HTOO), a provider of integrated energy solutions, today announced highlights of its financial results and other corporate developments during the six months ended June 30, 2025.
Period Highlights:
The Company generated approximately €6.9 million in revenue during the six months ended June 30, 2025, compared to no revenue during the same period of the prior year, primarily due to its acquisition of the liquified petroleum gas (“LPG”) engineering and distribution operations of Quality Industrial Corp. in November 2024.
The Company reported an operating loss of approximately €2.9 million for the six months ended June 30, 2025, compared to approximately €7.9 million for the six months ended June 30, 2024, driven by the Company’s reduction of loss-making operations.
The Company held its annual general meeting, at which it obtained shareholder approval for all of the Company’s proposals.
The Company gained an extension to regain compliance with certain Nasdaq listing rules and transferred its publicly-traded securities to The Nasdaq Capital Market tier of The Nasdaq Stock Market LLC (“Nasdaq”), allowing the Company to regain compliance with all applicable Nasdaq Listing Rules after the end of the period ended June 30, 2025.
Fusion Fuel established Bright Hydrogen Solutions Ltd (“BrightHy Solutions”), a wholly owned subsidiary, as the Company’s relaunched hydrogen solutions platform, offering engineering advisory, equipment sourcing, and project oversight services. During the period, BrightHy Solutions signed strategic agency and commercial partnership agreements to extend its hydrogen services throughout Europe, Latin America, and Iberia, and a non-binding letter of intent for a €30 million commitment for hydrogen infrastructure investments.
Fusion Fuel signed non-binding heads of terms to acquire a United Kingdom fuel distribution company, which, subject to negotiation of definitive agreements, would further expand the Company’s energy portfolio.
“Over the first six months of 2025, we continued to make progress toward regaining compliance with all applicable Nasdaq Listing Rules, which we subsequently obtained, as announced in August 2025. Moreover, we reported approximately €6.9 million in revenue in the first half of 2025 compared to none during the same period in 2024, and reported operating costs during the first six months of 2025 that were 64% lower than during the prior year’s first six-month period,” said John-Paul Backwell, CEO of Fusion Fuel. “We have demonstrated both strong operational progress and a significant turnaround.”
The Company will share additional insight into its financial results for the six months ended June 30, 2025 and recent developments in an Investor Update Presentation and Video to be released on its website on September 17, 2025, as announced in the Company’s press release dated August 27, 2025.
The selected results included in this press release should be reviewed together with the Company’s complete financial results for the six months ended June 30, 2025. The complete financial results are available in the Company’s Report on Form 6-K furnished with the Securities and Exchange Commission on the date of this press release and available at www.sec.gov.
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) provides integrated energy engineering, distribution, and green hydrogen solutions through its Al Shola Gas and BrightHy Solutions platforms. With operations spanning LPG supply to hydrogen solutions, the Company supports decarbonization across industrial, residential, and commercial sectors. The Company is headquartered in Ireland with operations in Europe and the Middle East.
Trooperstocks
9月前
$HTOO News: Fusion Fuel Green PLC Announces New and Renewed Utility Contracts and Associated Recurring Revenue Through Al Shola Gas Subsidiary
Fusion Fuel Green PLC
Mon, September 8, 2025 at 7:00 AM EDT 4 min read
Dublin, Ireland, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (“Fusion Fuel” or the “Company”) (NASDAQ: HTOO), a provider of integrated energy solutions, announced that its subsidiary, Al Shola Al Modea Distribution LLC (“Al Shola Gas” or “ASG”), has signed two significant liquefied petroleum gas (“LPG") utility engineering and supply contracts for new residential developments in Dubai, United Arab Emirates, and renewed a number of similar contracts.
Under the two contracts, which were signed in August and early September 2025, ASG will provide for the installation and connection of central gas supply systems for a total of 1,244 residential units. These services are expected to generate a combination of initial one-time project revenue totalling approximately AED 680,000 (approximately $185,000), and recurring annual revenue from the supply and billing of LPG totalling approximately AED 650,000 (approximately $177,000).
Including these contracts, ASG’s aggregate LPG engineering revenues are expected to exceed $6.7 million in 2025. Associated bulk LPG supply contracts are expected to generate approximately $1.77 million in annual recurring revenue.
In addition to these new contracts, ASG has renewed a number of engineering and LPG supply contracts in recent weeks, which are expected to bolster its recurring revenue stream. Collectively, the renewed contracts are expected to generate approximately AED 810,000 (approximately $217,000) in continued annual recurring revenue, supporting the Company’s ongoing growth and enhanced stability of future earnings. Furthermore, ASG has signed a Letter of Intent (the “Letter of Intent”) for an additional engineering project, subject to final contract approval, which is anticipated within the near future.
“These recent project wins further demonstrate the strength of our operational execution and the rising demand in our region,” said John-Paul Backwell, CEO of Fusion Fuel. “We’re expanding our presence throughout the United Arab Emirates, securing reliable, recurring revenue, and establishing ASG as a leading player in the utility services market. Meanwhile, Fusion Fuel continues to develop several exciting projects, partnerships, and innovative initiatives across both renewable and conventional energy sectors. Together, we are building a diversified, high-growth energy platform aimed at delivering long-term value for our shareholders.”
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) provides integrated energy engineering, distribution, and green hydrogen solutions through its Al Shola Gas and BrightHy Solutions platforms. With operations spanning LPG supply to hydrogen solutions, the Company supports decarbonization across industrial, residential, and commercial sectors. The Company is headquartered in Ireland with operations in Europe and the Middle East.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify these statements because they contain words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the Company’s ability to deliver the required services under its contracts; the ability of the parties to the Letter of Intent to enter into a definitive agreement; the ability of the new and renewed projects to generate the expected free cash flows or revenues necessary for the Company to generate the anticipated returns on its contemplated financial or operational commitments in connection with these transactions; and the risks and uncertainties described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 9, 2025 (the “Annual Report”), and other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.
Investor Relations Contact
ir@fusion-fuel.eu
www.fusion-fuel.eu
Trooperstocks
9月前
$HTOO News: Fusion Fuel’s BrightHy Solutions Wins Tender Processes to Advance to Final Contract Negotiations for Two Green Hydrogen Projects in Southern Europe
Fusion Fuel Green PLC
Tue, September 2, 2025 at 7:00 AM EDT 5 min read
Dublin, Ireland, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQ: HTOO) (“Fusion Fuel” or the “Company”), today announced that its subsidiary, Bright Hydrogen Solutions Ltd (“BrightHy Solutions”), has been selected to advance to final contract negotiations as part of two tender processes to develop two new green hydrogen projects in southern Europe.
BrightHy Solutions was selected as the preferred partner to advance to the negotiations of the final contract for the development of a 2 MW hydrogen project for a cement company in southern Europe, aimed at supplying both hydrogen and oxygen as part of the client’s decarbonization objectives. This project would be the first project in the Company’s proposed hydrogen investment partnership structure, in which the Company would receive a €30 million commitment under terms outlined under a non-binding term sheet, as described in the Company’s press release dated July 22, 2025, subject to the execution of definitive agreements with the proposed partner.
BrightHy Solutions was also selected to negotiate a final contract as the engineering and installation partner and equipment provider consultant for a hydrogen plant and refueling station in Portugal for a multi-national construction company. The proposed project would also be executed with certain strategic partners of BrightHy Solutions.
Both projects are the result of competitive tender processes and extensive due diligence conducted by counterparties. The projects are currently in the contract negotiation phase, there is no assurance that definitive contracts will be executed.
“These projects are the result of months of close collaboration and solution tailoring with potential partners and clients,” said Frederico Figueira de Chaves, CEO of BrightHy Solutions. “The cement project would, if secured under the proposed terms, be an important step for us, not only due to the profile of the counterparties involved, but also because it would be the first project within our proposed investment vehicle portfolio, aligning with our broader strategy to scale meaningful hydrogen infrastructure across the region.”
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) provides integrated energy engineering, distribution, and green hydrogen solutions through its Al Shola Gas and BrightHy Solutions platforms. With operations spanning LPG supply to hydrogen solutions, the Company supports decarbonization across industrial, residential, and commercial sectors.
About Bright Hydrogen Solutions Ltd
BrightHy Solutions, a subsidiary of Fusion Fuel Green PLC (NASDAQ: HTOO), seeks to lead the hydrogen through electrolysis solutions market. With its substantial industry experience, BrightHy Solutions views itself as a partner to clients through the entire hydrogen production value chain including plant design, tailored engineering solutions, equipment sourcing, engineering and implementation oversight. BrightHy Solutions has a strong and core focus on safety, reliability, and efficiency. Find out more at www.brighthy.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify these statements because they contain words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the Company’s ability to enter into definitive agreements with each of the prospective hydrogen project clients, partners, and other necessary counterparties; the ability of the parties to complete their due diligence and all other closing conditions prior to the closing of such definitive agreements; the ability of the parties to obtain all necessary regulatory and other consents and approvals in connection with the contemplated transactions; the ability of the Company to satisfy its financing commitments for each project; the ability of the projects to generate the expected free cash flows or net income necessary for the Company to generate the anticipated returns on its contemplated financial commitments or consideration in connection with these transactions; and the risks and uncertainties described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 9, 2025 (the “Annual Report”), and other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.
Investor Relations Contact
ir@fusion-fuel.eu
www.fusion-fuel.eu
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