Fusion Fuel Green’s proposed HEVO-Sul project in Sines, Portugal, has been approved by Portugal’s Operational Program for Sustainability and Efficient Use of Resources (POSEUR).
The Portuguese government has committed €40 million in direct funding to the POSEUR initiative, which aims to promote the production of green hydrogen and other renewable gases, and Fusion Fuel will receive €4.3 million for the project, which will cost a total of €8 million.
The HEVO-Sul project consists of 178 HEVO-SOLAR units that will yearly generate roughly 418 tons of green hydrogen. The hydrogen will be used in a variety of ways, including injection into the natural gas distribution network, as a feedstock for green ammonia production, and for industrial bottling in pressurized cylinders. Fusion Fuel has already agreed to lease the site for the HEVO-Sul project. Construction is scheduled to begin in late 2021, with operations likely to begin no later than the end of 2022.
Along with the HEVO-Sul project, Fusion Fuel is the technology provider for two further POSEUR-funded initiatives. These projects are expected to receive approval in the following weeks.
Commenting on the approval, Joao Wahnon, Head of Business Development at Fusion Fuel, remarked: “the POSEUR decision is an important milestone for Fusion Fuel and for Portugal’s aspirations of being a leader in the green hydrogen economy. This project is of strategic value to Fusion Fuel as it builds on our portfolio of Company-owned projects and promises to further validate the attractiveness of our off-grid, solar-to-hydrogen technology to produce cost-competitive green hydrogen. While we are still awaiting a response on the two projects where Fusion would serve as technology supplier, we are optimistic as they use the same HEVO-SOLAR technology and would further the government’s efforts to position Portugal in the vanguard of the green hydrogen movement.”
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