Fusion Fuel Receives Notification of IPCEI Approval from European Commission for 630 MW HEVO-Portugal Project

February 16, 2024

https://www.globenewswire.com/news-release/2024/02/16/2830562/0/en/Fusion-Fuel-Receives-Notification-of-IPCEI-Approval-from-European-Commission-for-630-MW-HEVO-Portugal-Project.html

SABUGO, Portugal, Feb. 16, 2024 (GLOBE NEWSWIRE) — Fusion Fuel (NASDAQ:HTOO) (the “Company”) is pleased to announce that it has received notification from the European Commission that the Company’s HEVO-Portugal project was among 33 selected for approval under the Important Projects of Common European Interest (“IPCEI”) Hy2Infra program. The €650 million, 630 MW project is to be developed in Sines, Portugal, and would produce 62,000 tonnes of green hydrogen per annum. A portion of the green hydrogen is expected to be used in the production of green ammonia and exported from the Port of Sines to the Port of Rotterdam in the Netherlands. The balance would be consumed by industrial customers in the domestic Portuguese market.

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