Fusion Fuel Green Inks Agreement With Duferco Energia For Green Hydrogen

Fusion Fuel Green PLC HTOO has entered into a commercial agreement with Duferco Energia SpA (Duferco) for green hydrogen.
Under the agreement, the parties will develop the green hydrogen ecosystem in Italy and select markets in the MENA region.
The inaugural project under the agreement is a 1.25 MW green hydrogen pilot project to be developed at Duferco's industrial site in Giammoro, Sicily.
Fusion Fuel is expected to supply 50 of its HEVO-Solar trackers for the proposed project, which would be installed in 2024.
The facility would produce roughly 46 tons of green hydrogen per year which would be used to power a molten carbonate fuel cell (MCFC) system.
The companies expect to leverage Duferco's local sales network, knowledge of local markets, and deep shipping and logistics expertise to develop a pipeline of development opportunities and turnkey technology-sale projects.
Price Action: HTOO shares are trading higher by 4.82% at $3.48 on the last check Friday.
Photo Via Company

Momentum3.17

Growth3.87

QualityNot Available

Value27.93

Short

Medium

Long