- Fusion Fuel ( NASDAQ: HTOO ) has received approval for funding support to develop its 6.6MW HEVO-Industria green hydrogen project in Sines, Portugal.
- The €10M grant comes as part of Component 14 (C-14) of the Portuguese Recovery and Resilience Plan and marks the largest single-project grant awarded in the application. C-14 is focused on accelerating the energy transition by supporting the production of hydrogen and other renewable gases.
- The HEVO-Industria project will consist of 300 HEVO-Solar units along with a hydrogen refueling station and associated balance of plant to support local industry. The facility, equipped with Fusion Fuel’s HEVO-Night solution, will produce an estimated 764 tonnes of green hydrogen per annum that is expected to be used for mobility and industrial applications in Sines or blended in the natural gas grid.
- The project is take FID in the first half of 2023 and require €25M of capital investment.
For further details see:
Fusion Fuel to receive €10M grant for HEVO-Industria project