Fusion Fuel Consortium Awarded €36 Million in Grant Funding from Portugal’s C-05 Mobilizing Agendas for Business Innovation

December 7, 2022

https://www.globenewswire.com/news-release/2022/12/07/2568996/0/en/Fusion-Fuel-Consortium-Awarded-36-Million-in-Grant-Funding-from-Portugal-s-C-05-Mobilizing-Agendas-for-Business-Innovation.html

SABUGO, Portugal, Dec. 07, 2022 (GLOBE NEWSWIRE) — Fusion Fuel (NASDAQ:HTOO) announced today that the company has been approved for a total of €36 million in grant funding for its “Sines Green Hydrogen Valley Alliance” through Component 5 (“C-05”) of Portugal´s Recovery and Resilience Plan. The component – Mobilizing Agendas for Business Innovation – is intended to align stakeholders from across the entire value chain to develop the domestic green hydrogen ecosystem. The company had previously disclosed that it had been selected for financing awards, subject to further negotiations with the Agenda Coordination Commission. These discussions have now been concluded and Fusion Fuel has submitted the respective award contract duly signed.

Read more at globenewswire.com

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