Fusion Fuel enters into 10-year hydrogen purchase agreement with Hydrogen Ventures

In Portugal, Fusion Fuel announced that it has signed a ten year offtake contract with European developer Hydrogen Ventures for 30 tons of green hydrogen per annum. First orders are expected to be delivered in the fourth quarter of 2023. The hydrogen will be produced at the company’s projects in Evora, Portugal, where Fusion Fuel is expanding its production capacity to roughly 50 tons per annum by year end. This contract represents Fusion Fuel’s second hydrogen purchase agreement in Portugal to date, the company said. Pedro Caçorino Dias, Fusion Fuel’s Head of Portugal, said: “We are very excited to announce the execution of this hydrogen purchase agreement with Hydrogen Ventures, the second such contract we have entered into so far this year. With our decentralized, distributed approach to hydrogen production, and robust project pipeline in Portugal, Fusion Fuel is well positioned to make green hydrogen accessible to a wide range of stakeholders, particularly for some of the more emergent applications – like mobility – that ascribe the highest value for green hydrogen today. We look forward to partnering with Hydrogen Ventures on this project and others to come as this market continues to develop.”

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