Fusion Fuel Green PLC (Nasdaq: HTOO) has revealed that its subsidiary, BrightHy Solutions Ltd, is in discussions for a strategic partnership that could inject up to €30 million into mid-scale hydrogen infrastructure projects over the next four years. This potential collaboration with a green energy technologies provider aims to fund projects valued between €2 million and €10 million, managed by BrightHy Solutions under a decade-long agreement. The projects will be executed through special purpose vehicles owned by a new investment entity, predominantly controlled by the partner.
This initiative highlights hydrogen's pivotal role in the shift towards sustainable energy, particularly in sectors like heavy industry and long-haul transport, where electrification poses significant challenges. The finalization of binding agreements hinges on the successful completion of due diligence, structuring efforts, and adherence to regulatory requirements.
BrightHy Solutions Ltd, under Fusion Fuel Green PLC, is dedicated to pioneering engineering and advisory services that mitigate carbon emissions in sectors where reduction is most challenging. For further details, visit https://www.fusion-fuel.eu.
