The deal is Fusion Fuel’s first in Spain
Fusion Fuel secures industrial offtaker for Spanish project
Long-term deal marks milestone in pre-FID development of Toledo project, says Nasdaq-listed hydrogen project developer
Hydrogen technology and project development company Fusion Fuel has signed a long-term deal to supply green hydrogen from its 2.5MW project in Toledo to a major Spanish industrial group for the decarbonisation of an off-grid facility. Under the offtake deal, the company’s first in Spain, Fusion Fuel will supply 111.5t/yr to “one of Spain’s most prominent companies”. No further details about the terms of the deal were released by Fusion Fuel, which has offices in Ireland and Portugal, and listed on the Nasdaq stock exchange in 2020. The deal marks a milestone in the pre-FID development of the Toledo project, which Fusion Fuel aims to construct in 2024, the company said. Difficulties securing
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
15 November 2024
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory
