Fusion Fuel submits three green hydrogen projects to Spanish H2 Pioneers II program
In Portugal, Fusion Fuel announced that it has submitted three projects to the H2 Pioneers II program, a funding call for innovative green hydrogen projects within the framework of the Spanish Recovery, Transformation and Resilience Plan (PERTE).
H2 Pioneers II has been allocated $163 million to support the implementation of innovative projects that combine the production and local consumption of renewable hydrogen, in particular for hard-to-abate sectors like industry and heavy mobility. Fusion Fuel had previously been awarded $3.6 million in grant funding in the inaugural H2 Pioneers funding call earlier this year.
The three projects, which have a cumulative electrolysis capacity of approximately 13 MW, would be powered by Fusion Fuel’s HC-Series NC technology, the company’s modular centralized PEM electrolyzer. Fusion Fuel has secured offtake and power purchase agreements for all three projects, which would produce over 1,500 tons of green hydrogen per annum in total. The company has requested $26.8 million in subsidies across the three projects.
Category: Hydrogen
