SABUGO,
The visit began with a tour of the Benavente facility and HEVO micro-electrolyzer production lines led by members of Fusion Fuel’s executive team –
Pedro Caçorino Dias, Fusion Fuel’s Head of
Reflecting on the visit, Prime Minister António Costa spoke following the ceremony: “The national economy continues to develop with a bet on reindustrialization and this example, of Fusion Fuel, is an excellent example of reindustrialization of the country. We have here a facility that was closed ten years ago and that today is in activity; that once produced metallic structures for civil construction and now produces highly innovative technology for the production of green hydrogen. It will create new jobs and in itself produce a new value chain. Moreover, it also contributes to CO2 emission reductions.”
“The C-05 Agendas do not ‘only’ value the energy component, nor ‘only’ the environmental component. This is a true catalyst for the creation of qualified jobs and for a true reindustrialization of the country. All of the main components of this project are produced nationally: they are the result of national research, have national patents, and meet another fundamental objective, which is to promote our export capacity based on our major competitiveness advantage, which is our ability to innovate.”
“The most challenging program in the Recovery and Resilience Plan (‘RRP’) is the Mobilizing Agendas, which shows that it is possible to do more and better for the growth of our economy. The RRP funds are reaching companies and there are already 93,000 projects approved. Fusion Fuel, which I visited here today in Benavente, is one of the 93,000 approved projects. And this is an excellent example of the application of RRP funds aimed at capitalization and business innovation. This is how we realize the ambition of being a more developed, more prosperous, more fair country, capable of creating more and better jobs and capable of strengthening territorial cohesion.”
About Fusion Fuel
Fusion Fuel is an emerging leader in the green hydrogen sector committed to accelerating the energy transition through the development of disruptive, clean hydrogen solutions. Fusion Fuel has created a modular, integrated solar-to-hydrogen generator, powered by a proprietary miniaturized PEM electrolyzer, that enables off-grid production of green hydrogen. Its business lines include the sale of electrolyzer technology to customers interested in building their own green hydrogen production, the development of turnkey hydrogen plants to be owned and operated by Fusion Fuel, and the sale of green hydrogen as a commodity to end-users through long-term hydrogen purchase agreements. For more information, please visit https://www.fusion-fuel.eu
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Fusion Fuel believes may affect its financial condition, results of operations, business strategy and financial needs. Such forward-looking statements are subject to risks (including those set forth in Fusion Fuel’s Annual Report on Form 20-F, filed with the
Investor Relations Contact
ir@fusion-fuel.eu
Media Relations Contact
fusionfuel@gatewayir.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/16e8298e-8dec-41be-a1c1-566a93aab10f
1 Prime Minister António Costa speaks with reporters at Fusion Fuel's PEM electrolyzer factory in Benavente, Portugal
1 Prime Minister António Costa speaks with reporters at Fusion Fuel's PEM electrolyzer factory in Benavente, Portugal
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