Fusion Fuel Receives Provisional Grant Approval for 25 MW HEVO-Aveiro Green Hydrogen Project
SABUGO, Portugal, March 20, 2024 (GLOBE NEWSWIRE) — Fusion Fuel (NASDAQ:HTOO) (the “Company”) announced today that it has received provisional approval from the Portuguese government for an estimated €5 million in grant funding to support the development of a 25 MW green hydrogen project located in Aveiro, Portugal. The grant approval was awarded as part of the second funding call of the Component 14 (“C-14”) grant program which is focused on accelerating the energy transition by supporting the production of hydrogen and other renewable gases. The Company is also involved in a second submission for a 10 MW green hydrogen project, led by a Portuguese industrial company, which has also received funding approval. In total, there were 21 proposals that received provisional approval through the C-14 program.